{"id":13120,"date":"2009-06-01T17:31:25","date_gmt":"2009-06-01T17:31:25","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/industry_fears_americans_may_quit_new_car_habit\/"},"modified":"2009-06-01T17:31:25","modified_gmt":"2009-06-01T17:31:25","slug":"industry_fears_americans_may_quit_new_car_habit","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=13120","title":{"rendered":"Industry Fears Americans May Quit New Car Habit"},"content":{"rendered":"<p>For all the drastic cuts and financial overhauls that are meant to secure a future for General Motors and Chrysler, their prospects in coming years will be determined more by the answer to a simple question: Can American drivers live without that new-car smell?<\/p>\n<p>In recent years Americans appeared to be hooked on it and took advantage of home equity loans, easy credit and cheap short-term lease deals to send new-car sales to levels of more than 17 million a year.<\/p>\n<p>Now the market has collapsed by 46 percent to below 10 million, as people are making do with the cars they have, leaving the industry to debate \u201d\u201d and worry \u201d\u201d about what the new normal will be once the recession ends.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2009\/05\/31\/business\/31car.html?_r=1&#038;scp=2&#038;sq=cars&#038;st=cse\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For all the drastic cuts and financial overhauls that are meant to secure a future for General Motors and Chrysler, their prospects in coming years will be determined more by the answer to a simple question: Can American drivers live<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=13120\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,589,149,598],"tags":[],"class_list":["post-13120","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/13120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13120"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/13120\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}