Auto Results for August
Some interesting facts via this article including...
The story continues to be the declining market share of the Big Three. On a side note, the term “Big Three” is now out of date. Toyota sold more vehicles than Chrysler in August. The old Big Three lost 3.2 percentage points to the Asian and European automakers. The Asian manufacturers now account for 35.3%, up 2.9 percentage points from July. Market share for the Big Three was 57.9%, which was the lowest share in at least four years. Conversely, the 35.4% share from the Asian automakers was the highest in at least four years. These very well could be all-time levels.
A recent study conducted by the Transportation Department revealed that the average household has 1.9 vehicles, but only 1.75 drivers. While there has been a long-term trend of more vehicles per household, this was the first survey to show significantly more vehicles than drivers. Between 1977 and 1990, the number of vehicles per driver jumped from 0.94 to 1.01. In 1995 the number dropped back to one vehicle per driver. Since then, the number of vehicles per driver has jump to 1.11, or almost twice the increase in the previous 18 years. What’s next a car for every day of the week?
