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You may see the rise in imports from much lower than 1% within the 1960s to about 2% of US GDP in the mid 2000s (until the nice recession hit). The opposite interesting factor is that consumption of autos (as a fraction of the economic system) began a severe decline in the early 2000s. That’s going to complicate the evaluation which I’ll take up again in the next submit.

The odd-wanting line on this graph is the one for domestic consumption of autos and parts as a fraction of GDP; the line starts to drop after 2002, solely reversing in 2010. It’s odd to me as a result of a graph of US automobile gross sales is actually flat from 2001 to 2007 at between sixteen and 17 million vehicles per year. Reading off Stuart’s graph above, the gross consumption line begins at about three.7% of GDP in 2001 and drops to around 2.8% in 2007, so roughly a 25% drop. Looking at BEA Desk 1.1.5. US GDP rose 36% during that period.