The automotive industry is one of the largest industries in the US. Outside of housing, buying a vehicle is the single biggest purchase that most Americans make. The downstream effects of vehicle purchases can be equal or greater than the actual vehicle sale considering the costs we all incur to finance, fuel, insure, accessorize and repair our vehicles. It is no surprise then, that some economists have suggested that one out of every four dollars spent by American consumers is linked to the purchase, use or maintenance of their vehicles.
Nov 7 2011