Above 4 Million Cars Drain In America In Year 2009!

America known as one of the biggest car consumer market has reportedly drain 4 Million cars in year 2009, Every country is gone under industrial slump after 9/11 and fuel prices have become unaffordable for normal consumer, but this last year showed a remarkable drop in car ownership – down by 4 Million vehicles! Some may blame it on the recession, but analysts are linking the decline to other factors like increased urbanization, gas prices, traffic and congestion, automobile saturation and even concerns regarding climate change.

A report by the Earth Policy Institute updated yesterday making public know that while Americans purchased 10,000,000 cars in 2009, they actually ditched 14,000,000 cars. This decline in the US car fleet by 2% could be a great sign of what is to come in terms of transportation preferences for the US. 2009 was the first year since WWII that the number of cars scrapped exceeded the number of cars sold, and more importantly the EPI study predicts that this trend will continue at least through 2020. The US car fleet is currently at 246 million cars dropping down from 250 at the beginning of 2009.

The EPI attributes the decline to many important factors, not just the recession. With 209 million licensed drivers in the US and 246 million registered vehicles, the analysts believe we have reached a market saturation. With five cars to every four drivers in the US, we certainly have enough cars to go around. Additionally, the analysts believe that other market factors are leading to the decline, like “ongoing urbanization, economic uncertainty, oil insecurity, rising gasoline prices, frustration with traffic congestion, mounting concerns about climate change, and a declining interest in cars among young people.” Source (Inhabitat)