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The odd-trying line on this graph is the one for domestic consumption of autos and elements as a fraction of GDP; the line begins to drop after 2002, solely reversing in 2010. It is odd to me as a result of a graph of US vehicle sales is actually flat from 2001 to 2007 at between 16 and 17 million automobiles per year. Reading off Stuart’s graph above, the gross consumption line begins at about three.7% of GDP in 2001 and drops to around 2.8% in 2007, so roughly a 25% drop. Taking a look at BEA Table 1.1.5. US GDP rose 36% throughout that period.
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Complicating your exercise much more is the truth that folks are likely to keep their automobiles longer these days than they used to. That is in large part as a result of high quality has gone up, lowering the frequency wanted to buy a brand new automotive. I think this has far more to do with the declining share of GDP dedicated to auto purchases than any of the opposite factors you talked about.