If you see the lower chart, you can see we are just over the trend in Light Vehicle sales. The trend is 16 million and we hit 18 million and backed off to 17 million recently.
It sure looks like the number of cars sold "per person" in the USA is down dramatically over the last 40 years, which means there is plenty more upside potential in auto sales.
These are more tools are available for you at TradingView in the "Economic Data" section that you can graph. Graph and learn.
12:16PM EST 9/12/2016
Dec 3rd, 2017 9:20PM EST
Commenting and updating 4 months later: still holding high.
I made a "mid-point" base of 1976-1986 to get a new calculation so it isn't "as bad" as previously mentioned.
9:34AM April 17, 2018