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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (23007)	8/27/2002 3:10:02 PM
From: LLCF	Read Replies (2) \| Respond to of 74559

FYI: nationalpost.com <Based on an analysis of U.S. vehicle sales and driving age population, Mr. DesRosiers recently calculated that auto ownership has risen from about 90% at the beginning of the last decade to 99.8% of the population. (In Canada, by comparison, just 66% of the driving age population owns a car, DesRosiers found).> <Eliminating a significant part of the population that is either too old or too poor to drive must mean suburban driveways are cluttered with second, third and fourth cars, the consulting firm concludes.> <"Right now we are in a position where there is an automotive bubble that has developed," Mr. DesRosiers said. "Americans could buy somewhere between 30% and as much as 50% fewer vehicles per year for four or five years and still very adequately meet their transportation needs."> <<About two-thirds of the cars and trucks on the road in the United States were purchased since the mid-'90s buying binge began.>> DAK