Yes. Cars are a growth industry. Which is kind of crazy but look at it this way. How much bigger will the global middle class be in 50 years? 100?
Oh, and don't forget Africa. Lots of growth opportunity there.
Oh, and don't forget Africa. Lots of growth opportunity there.
For the middle class, I can't help but wonder if it'll make much sense for them to actually own cars in 50-100 years if there are company-operated fleets of cheap self-driving vehicles - or at least more than one car per household. Time will tell.
That's mostly because New Cars were unafforable to All. At least in the places I've visited there are more and more new cars.
- because people are richer than a few years ago
- because financing options that didn't exist now do
- because laws banning imports of cars "older than x years" also help (even if they have unintended consequences)