Auto Sales Shrinking Component Of GDP – Business Insider

As the auto industry struggled, unemployment rose, people fled the city, and the economy shrunk while municipal spending remained high.Meyer’s report included a 45-year chart of U.S. motor vehicle sales as a share of GDP to illustrate how the industry lagged the U.S. economy.”In the early 1980s the Big Three made up about 75% of total US auto sales, compared to just 45% of sales today,” said Meyer. “And accordingly motor vehicle output has declined from 4.5% of GDP in the late 1960s to only 2.8% today.”auto sales

via Auto Sales Shrinking Component Of GDP – Business Insider.

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About Ganesh Srinivasan Consulting

Management Consultant from India with International Solutions Selling, Projects Implementation, Joint Venture, Collaboration and Procurement experience Building a Global Team of Consultants and Niche Products and Services

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