MotorAuthority reports the number of cars on the roads is expected to drop by several million vehicles for the first time in more than fifty years. The article indicates more cars are likely to end up in junk yards than the amount purchased this year for the first time since 1945. To quote CSM auto consultant Joe Barker "the bubble has truly burst for the auto industry and sales figures of around 10 million cars a year are to be expected in the coming years due to lower demand and structural changes."
Less Cars On The Road
MotorAuthority reports the number of cars on the roads is expected to drop by several million vehicles for the first time in more than fifty years. The article indicates more cars are likely to end up in junk yards than the amount purchased this year for the first time since 1945. To quote CSM auto consultant Joe Barker "the bubble has truly burst for the auto industry and sales figures of around 10 million cars a year are to be expected in the coming years due to lower demand and structural changes."
