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It won't end, and we don't see people driving in a big way again.

Data has shown that between 55+ retiring and younger potential drivers preferring not to drive, vehicle sales have plateaued. If self-driving cars take off in the next ~5 years, that'll be the death of a large part of the auto industry.

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I'm optimistic. Economies go up and down, sometimes in long cycles, but I think this is bound to turn for the better eventually. I'm doing fine financially and have a good job even in this economy, software development still seeming to be a growing field, but I have some friends with other degrees (or no degrees) in a lot worse shape than me. So I hope for them my optimism isn't wrong.

You are missing the point: it's not about recession (which is behind us by now), but about change in habbits/needs. People rely more on digital communications and less on driving.

End result - car sales stagnate.

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