Household vehicle consumption forecasts in the United States, 2000 to 2005
Qiushi Feng
National University of Singapore
Zhenglian Wang
Households and Consumption Forecasting Inc.
Danan Gu and Yi Zeng
Duke University
Introduction
American automakers have been experiencing a continuous downturn in production. The output of passenger cars of the United States has decreased steadily from 5.6 million in 1999 to 2.2 million in 2009, a drop of approximately 60% (OICA website). Moreover, in spite of a fast increase in household vehicle ownership in the 1980s, the trend has significantly slowed in the most recent decades (Hu & Reuscher...