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