Sometimes, you just need to respond to an article you read. “Commentators” of a report issued by the Earth Policy Institute believe it is likely that Americans are starting to lose their love for their cars. Apparently, the American auto fleet contracted by 2% this last year and according to those commentators, it’s a sure sign of a continued and prolonged contraction. They are totally forgetting that the US government deleted 750,000 vehicles from the fleet with “Cash for Clunkers” and that we have witnessed the worst recession in decades, causing many people to put off buying not only cars but many other high ticket items. The only reason we could see a continued contraction for now is the reluctance to open up the purse strings until there are much better signs that the recession is behind us. Wishful thinking is what it is and nothing more. The love affair is very likely to continue as soon as the economy stabilizes – whether that’s good in your book or bad, it’s still the most likely answer.

This entry was posted on Friday, January 8th, 2010 at 2:23 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.