The Automobile Industry
U.S.motor vehicle sales reached new highs in 1999 and 2000, but forecasters do not expect this trend to continue. The February 2001 edition of Blue Chip Economic Indicators reported a consensus forecast that sales would fall to 16.0 million in 2001 (a drop of roughly 10%) and rebound slightly to 16.3 million in 2002.
Suggested citation: "The Automobile Industry," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-03, pp. 14, 03.01.2001.