"Vintage1982Benz" (vintage1982benz)
09/06/2013 at 16:09 • Filed to: None
2
0|
"Vintage1982Benz" (vintage1982benz)
09/06/2013 at 16:09 • Filed to: None | 2
| 0 |
Interesting read over on The Atlantic about how the auto industry is acting as a major driver in this economic recovery.
!!!error: Indecipherable SUB-paragraph formatting!!!
Most interesting to me is that they seem to get it more than a lot of other media outlets - older people are buying cars because they have more money and less debt. Not because young people are anti-car.
"Young vs. old might not be the most important binary for car companies. That would be rich vs. poor. The U.S. is beginning to look like the aristocratic auto market we're used to seeing in Europe, McAlinden said, where the top 25 percent buys most of the new cars and the bottom 75 percent only buys old and used."
Also briefly touches on the lack of American jobs resulting from this turnaround. Worth a 5 minute read.