Sunday, January 10, 2010

U.S. car ownership shifts into reverse

The Globe & Mail
Martin Mittelstaedt // January 4, 2010

A
mericans' infatuation with their cars has endured through booms and busts, but last year something rare happened in the United States: The number of automobiles actually fell.

The size of the U.S. car fleet dropped by a hefty four million vehicles to 246 million, the only large decline since the U.S. Department of Transportation began modern recordkeeping in 1960. Americans bought only 10 million cars – and sent 14 million to the scrapyard.

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