Mary T. Barra, the chief govt of General Motors, with President Trump at a Michigan occasion final month to debate automaking and job creation.
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The odd-trying line in this graph is the one for domestic consumption of autos and elements as a fraction of GDP; the road begins to drop after 2002, only reversing in 2010. It is odd to me as a result of a graph of US car gross sales is basically flat from 2001 to 2007 at between 16 and 17 million vehicles per year. Studying off Stuart’s graph above, the gross consumption line begins at about three.7% of GDP in 2001 and drops to round 2.eight% in 2007, so roughly a 25% drop. Looking at BEA Desk 1.1.5. US GDP rose 36% throughout that period.
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