It will come as no surprise to our readers that sales of automobiles in the U. S. have bubbled over in recent years and stood at a SAAR of 17.7mm units at the end of September. To put that number in context, a 15-year useful life would imply that’s more than 1 car for every driving age person in the United States. Obviously that’s likely not sustainable which is probably why Ford executives admitted on a recent conference call that U. S. auto sales have likely reached a “plateau.”
This post was published at Zero Hedge on Oct 13, 2016.
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