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IPFS News Link • Economic Theory

Peak New Car in the USA Was 1978

02-22-2024 • arclein

Autoline describes the problem of Peak Auto. New car sales have hit their peak in the U.S., Europe and Japan. Despite strong population growth in the U.S., new car sales are the same as they were a quarter of a century ago. Here's why. US overall car sales have dropped from 2000 to today despite US population increasing by nearly 20%.

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Reported By robert klein

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