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You’ll be able to see the rise in imports from much lower than 1% in the 1960s to about 2% of US GDP in the mid 2000s (till the good recession hit). The other attention-grabbing issue is that consumption of autos (as a fraction of the economic system) started a serious decline in the early 2000s. That is going to complicate the evaluation which I will take up again within the next submit.
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Sam Romans was very personable and a great salesman! We’ll definately advocate Neighborhood Autos and in addition Sam!! Sustain the great work! But it surely seems an fascinating observation in its personal right – the triple mixture of the early 2000s recession, the oil shock of the mid 2000s, and then the nice recession, have mixed to lower the share of auto consumption within the US economic system by about a third over the last decade.