4 ms·
I don't understand how to account for the fact that total vehicle sales in the US has not been dropping over the last 40 years despite stats like this from the
by prng2021 4y ago
I don't understand how to account for the fact that total vehicle sales in the US has not been dropping over the last 40 years despite stats like this from the article:
"By 1997, 43% of the country’s 16-year-olds had driving licences. But in 2020, the most recent year for which figures are available, the number had fallen to just 25%. Nor is it just teenagers. One in five Americans aged between 20 and 24 does not have a licence, up from just one in 12 in 1983. "
US vehicle sales numbers: https://fred.stlouisfed.org/series/TOTALSA https://fred.stlouisfed.org/series/TOTALSA
The article states it's baby boomers that account for increasing traffic on the road. So baby boomers are buying more cars per capita as they age? So much so that it's offsetting these dramatic drops from the younger generations? I find that really hard to believe so maybe I'm missing something. Anyone able to explain?
- SketchySeaBeast 4y agoMaybe I'm the exception but I had a driver's licence about that time and I didn't own a car because as a teenager neither I nor my parents could afford one. Even now I've never actually bought a car myself - my wife bought one early in our relationship and we've yet to buy another and I'm now pushing 40.
- antiframe 4y agoIt's unclear to me what counts as a vehicle in the chart you linked. Does it include boats? Train cars? Airplanes? Sleds? Delivery trucks? Corporations buy a lot of vehicles that wouldn't conflict with the Economist's analysis about private car ownership.