Mary T. Barra, the chief government of Basic Motors, with President Trump at a Michigan event last month to debate automaking and job creation.

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You may see the rise in imports from a lot lower than 1% in the 1960s to about 2% of US GDP in the mid 2000s (until the nice recession hit). The other interesting issue is that consumption of autos (as a fraction of the economic system) started a critical decline in the early 2000s. That’s going to complicate the analysis which I will take up again in the subsequent submit.

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Complicating your train much more is the fact that people are inclined to keep their automobiles longer nowadays than they used to. That is in large part as a result of quality has gone up, reducing the frequency wanted to buy a brand new car. I believe this has way more to do with the declining share of GDP devoted to auto purchases than any of the other elements you talked about.