Studies Conclude Car Ownership Is On The Decline

Reports from two different, respected institutions have been making waves in the automotive world for coming to the same conclusion; America, and the world, are past the point of automotive saturation, and rather than seeing sales expand, in a few short decades the auto industry could experience a massive contraction to the tune of tens of millions of units.

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Honda Profits Surge on Weak Yen, Strong US Sales

Honda said Wednesday its net profit soared 46.4 percent in the three months to September as Japan’s third largest carmaker benefited from a weaker yen and stronger North America sales. Net profit for July-September rose to 120.37 billion yen ($1.23…

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