[lbo-talk] auto sales crater

Doug Henwood dhenwood at panix.com
Wed Oct 1 18:48:36 PDT 2008


On Oct 1, 2008, at 9:31 PM, Jordan Hayes wrote:


> There are other things going on in the auto business:
>
> - Cars have gotten better
> . The engineering of things like 100,000 mile oil changes means "make
> it up on service" doesn't cut it as much as it used to
> . They just last longer, so turnover is lower than it used to be

Well, not really. Auto sales were well above their long-term trend since the late 1990s. The chart kind of looks like house prices. And now they're coming down hard. Just like house prices.

Doug



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