automobile

Consumer Spending Report Shows Big Drop in U.S. Car Sales

American Auto Industry Slows as Americans Spend Less on Vehicles The latest data on U.S. consumer spending reveals a glaring trend: Americans are cutting back their expenditures on personal transport. According to the statistics on consumer expenditures for the year 2016 posted by the U.S. Bureau of Labor Statistics, Americans are buying fewer cars, despite having (more…)

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The Boom Times May Be Over for the Auto Industry 

The Auto Industry May Be Headed Towards a Downturn—Or Already Be in One The auto industry is the focus of much political posturing and attention. Cities like Detroit were once economic powerhouses and home to a thriving middle class, but have since been impacted hard by the decline in manufacturing jobs due to automation and (more…)

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