It does not get into the "why", but I realize that is hard to determine.
My question is, are these sales for brand new cars or does it include used cars also ?
I know my days of buying brand new ended years ago due to how expensive new cars are. My current car (bought used) is from 2007 and if I have to buy another, it will be used.
So I have to wonder, are people avoiding buying new due to the expense. That could point to a reason. Would be interesting to see charts based upon Country or group of countries.
I think the point about used cars would have to imply that newer used cars are more reliable than older used cars, which would cause the supply of cars in the market to saturate more quickly, thus causing less demand for new cars. Not sure if that's true but it seems reasonable.
My question is, are these sales for brand new cars or does it include used cars also ?
I know my days of buying brand new ended years ago due to how expensive new cars are. My current car (bought used) is from 2007 and if I have to buy another, it will be used.
So I have to wonder, are people avoiding buying new due to the expense. That could point to a reason. Would be interesting to see charts based upon Country or group of countries.