2015 new car facts

Less License

While auto sales hit 17.5 million in 2015, slightly surpassing the prior record set in 2000, the US population is now 12.7% larger! Per capita sales are falling because the percentage of persons with driver’s licenses is declining. The percentage with a license aged 20 through 24 is 77%, down from 80% in 2011 and 92% in 1983. For those under 20, the declines are steeper. Suburbia take note!

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Elliot F. Eisenberg, Ph.D
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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