USA Today reports:
Here's a scary thought for automakers celebrating the return of the auto boom: It's already over.
"Trends suggest that motorization in the U.S. might have reached a peak several years ago," Michael Sivak writes in an analysis for the University of Michigan's Transportation Research institute.
There's more:
• In 2012, 9.2% of U.S. households were without a vehicle, compared to 8.7% in 2007.
• In six of the 30 largest U.S. cities more than 30% of households do not have a vehicle.
• From 2007 to 2012, there was an increase in the proportion of households without a
vehicle in 21 of the 30 cities.
The Obama recovery in action.
