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Blowout Car Sales Will Shift to Lower Gear
Keywords:
Tags: United States, Automobiles,
The car market in the U.S. follows the shrinking car market in Japan and Germany.
01/08/2008
The car markets in the largest industrialized countries Japan, Germany, and now the USA are shrinking.The car markets in Japan and Germany reached their highest sales numbers earlier than the USA and now are in steady decline. Is the US going to see a similar decline. With fewer jobs there will be less immigration into the US, and population numbers may stabilize. And people are likely to hold onto old cars longer in this economy, to save the money on car purchases for other essential needs like tution for kids, food, housing and so on. This is likely in the years ahead as unemployment exceeds 10% and stays high.
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