When this bubble breaks the demand for cars, trucks, suv’s and employees will amaze you!
The Auto Industry is experiencing lean times right now, but this will not last long. As the aggregate number of vehicles on the road decreases, the absolute need for new vehicles increases.
The design of the United States requires most Americans to own a vehicle. If we had to walk, stores, schools, churches and even friends would most likely live out of reach for most of us. Mass transit is not an option unless you you live in a large city like New York.
So as vehicles wear out and are taken off the roads of America, the total supply of vehicles in action decreases. It is just a matter of time that new vehicle sales will become necessary. Add this to the fact that a large number of people have suppressed their desire for a new vehicle purchase and when the demand for new vehicles starts the Auto Industry will see a boom of business not experienced since World War II.
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