United States citizens have had a love
affair with the automobile since the first car rolled off the assembly line.
Self image and social status have long been tied to the make and model of
car an individual drives.
Most U.S. families have at least one car
payment each month. A common trend is to invest in foreign cars. Some drivers
insist that the foreign cars perform better mechanically than U.S. made cars.
Others enjoy the status of driving something cute, new, and foreign. While many
Americans adhere to a “buy American” mantra to curb our trade deficit, that is
not taking hold as much as they would like. At some point in this controversy,
drivers seem to have lost sight of the real reason for having access to a car:
for transportation. Whatever the motivation for having a particular car,
Americans love their cars. Car showrooms and car lots spring up rapidly in
non-developed areas. This scurry of economic activity is good for the U.S.
economy; it helps the GNP and helps fuel the activity of the stock market in
New York. Automobile companies’ performance like Tesla stock
is showing that this sector is growing very fast.
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