Well doesn’t this just feel like rain on your wedding day? According to www.aftermarketbusiness.com, the Earth Policy Institute has said that cars scrapped are exceeding new car sales in 2009, which is the first shrinkage since World War II and that the US Vehicle fleet decreased from an all-time high 250 million vehicles to a much-lower 246 million vehicles. The United States currently has five vehicles for every four registered drivers, and four of every five residents in the United States live in cities where public transportation is expanding.
In other words, cars aren’t selling and people don’t want them anymore. This shrinkage could continue through 2020 with only 10 million cars sold per year and 10% fewer on the road by then compared to today. The auto transport industry could be looking at rough times ahead if this is the case, as vehicles moving is their main way of making money. But it’s not just the economy – it’s the fact that people are using mass transit more and walking more as urbanization and rising gas prices are forcing them to. Not only that, but traffic is usually terrible and people are looking for ways to beat the rush. So…yeah, it looks like Ford and GM are still going to be in trouble for the next decade at least.