Sunday, September 08, 2013

How America's Amazing Car Recovery Explains the U.S. Economy

Overdrive: How America's Amazing Car Recovery Explains the U.S. Economy - Derek Thompson - The Atlantic:
"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."

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