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Motorists in New York and Baltimore tended to pay probably the most after being involved in accidents they didn’t cause, a consumer group found. Even as it moved to finish legal motion in the United States over its efforts to illegally evade emissions requirements, the German carmaker faces mounting authorized woes in Europe. Some say autonomous automobiles ought to have frequent know-how before they hit the street, however there is also a robust case for impartial approaches.
Complicating your exercise even more is the fact that folks are inclined to keep their cars longer nowadays than they used to. That is largely as a result of high quality has gone up, decreasing the frequency wanted to purchase a brand new automobile. I suspect this has far more to do with the declining share of GDP dedicated to auto purchases than any of the opposite factors you mentioned.
The odd-looking line on this graph is the one for domestic consumption of autos and parts as a fraction of GDP; the road starts to drop after 2002, solely reversing in 2010. It’s odd to me as a result of a graph of US automobile sales is actually flat from 2001 to 2007 at between sixteen and 17 million automobiles per 12 months. Reading off Stuart’s graph above, the gross consumption line starts at about 3.7% of GDP in 2001 and drops to around 2.eight% in 2007, so roughly a 25% drop. Taking a look at BEA Table 1.1.5. US GDP rose 36% throughout that period.