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Complicating your train much more is the fact that folks are inclined to preserve their vehicles longer these days than they used to. That is in large part as a result of quality has gone up, reducing the frequency wanted to purchase a new automotive. I think this has far more to do with the declining share of GDP devoted to auto purchases than any of the opposite elements you talked about.
I am a scientist and innovator in the technology industry, with a broad range of pursuits and experiences. I have a Physics PhD, MS in CS, and have done analysis , lived in cohousing communities, run a business, and designed technology products. Professionally, I have mainly labored on laptop safety problems. Presently I am Adjunct Professor of Laptop Science at Cornell, but this weblog represents my views solely. Email me at stuart – at – earlywarn – dot – org. I do read all electronic mail, however as a result of the blog is part-time unfunded enterprise, I often fail to answer because of lack of time – apologies.