3 ms·
Bloomberg made it up[0]. It's mostly true of the US, though. [0] https://www.bloomberg.com/news/features/2019-02-28/this-is-what-peak-car-looks-like https://ww
by lkbm 7y ago
Bloomberg made it up[0]. It's mostly true of the US, though.
[0] https://www.bloomberg.com/news/features/2019-02-28/this-is-what-peak-car-looks-like https://www.bloomberg.com/news/features/2019-02-28/this-is-w...
EDIT: More specifically on car sales, they do mention a decline in China: "IHS sees the biggest impact of mobility services coming in China. Auto sales there plunged 18 percent in January, an unprecedented seventh consecutive monthly decline, as commuters rapidly embraced ride-hailing."
- melling 7y agoThe article also says: “Researcher IHS Markit predicts the 100 million vehicle milestone will be surpassed in the next decade, but only because of growth in China, India, Russia, and other emerging markets” China is already a much bigger car market than the US. They are also experiencing a bit of an economic slowdown, probably cause by the trade war. https://markets.businessinsider.com/amp/news/china-economic-growth-slowing-to-30-year-low-trade-war-2019-7-1028342430 https://markets.businessinsider.com/amp/news/china-economic-...