Thursday, May 23

Peak New Car in the USA Was 1978

Home” Energy” Peak New Car in the USA Was 1978

Autoline explains the issue of Peak Auto. New vehicle sales have actually struck their peak in the U.S., Europe and Japan. In spite of strong population development in the U.S., brand-new cars and truck sales are the exact same as they were a quarter of a century earlier. Here’s why.

United States general automobile sales have actually dropped from 2000 to today in spite of United States population increasing by almost 20%.

International brand-new cars and truck sales peaked in 2017.

Historically, it took 25 weeks of family earnings to purchase a brand-new automobile. United States family earnings is $75000, so 25 weeks of earnings can manage $36,000 of automobile. The typical brand-new cars and truck cost is $48000.

Fascinating statistics from Autoline’s John McElroy on brand-new automobile sales … @Tesla unboxed technique to structure in your area sourced extremely included EVs in a brand-new low-cost method appears to be directionally right … car manufacturers securing revenues by raising costs has actually run its course

— Jeff Lutz (@thejefflutz) February 19, 2024

Brian Wang is a Futurist Thought Leader and a popular Science blog writer with 1 million readers monthly. His blog site is ranked # 1 Science News Blog. It covers lots of disruptive innovation and patterns consisting of Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

Understood for recognizing cutting edge innovations, he is presently a Co-Founder of a start-up and charity event for high prospective early-stage business. He is the Head of Research for Allocations for deep innovation financial investments and an Angel Investor at Space Angels.

A regular speaker at corporations, he has actually been a TEDx speaker, a Singularity University speaker and visitor at many interviews for radio and podcasts. He is open to public speaking and recommending engagements.

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