Something strange happened in the auto industry around 2016. Car sales stopped growing–in all the major markets in the world. Automakers sold more cars a decade ago than they do today. What the heck is going on? Let’s take a look.
Why The Auto Industry Has Stopped Growing
Would be interesting to see median household income plotted in tandem to vehicle sales.
Probably median earner income adjusted for inflation has not increased since the ‘08-‘10 recession.
Dave, you may be right, but it’s very strange to see this happening in the major global markets at the same time.
Maye you’re right BOUT “peak”, but three things…
1) there are, like you said, many reasons for this…but, reasons change.
2) we always expect more, biger, better and faster when it comes to sales, profits and tech reliability.. WAY too high of expectations.
3)… so what. So what if it was “peak”… if sales can be relatively steady at a rate and margin thats still great for the auto companies… it will be just fine.
John thank you for sharing. Even if we don’t like it the numbers are there!