Is the return of the U.S. auto boom already over? According to an analyst at the University of Michigan's Transportation Research institute, it seems so.
In a recently released report titled "Households Without a Light-duty Vehicle," Michael Sivak writes that the decrease in households with vehicles in the last few years supports the hypothesis that motorization in the U.S. peaked during the previous decade, according to a story in USA Today.
While other analysts agree there's a slump in vehicle ownership, they are less likely to see this as an anti-car shift and more as the fallout from the Great Recession, the story notes.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
