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The wild fluctuations have forced car companies to react more rapidly by taking advantage of strong demand in some markets while steeling themselves for lengthier recoveries in others.
Slowing sales have forced car dealer Inchcape will sell 10 dealerships in a cost-cutting move that will reduce its staff by 500.
By 2001, South Korea will have the capacity to make more than 6m cars, but not much more than half of it is likely to be used, predicts DRI, an American research firm (see chart).This looming overcapacity has already forced car makers to slash prices in South Korea.
The high share of car-related costs in overall households expenditures is obviously related to the problem of forced car ownership.
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A few miles away, the road was littered with obstructions every few hundred metres: trees, telephone poles and large rocks forced cars on to the verge, where youths with clubs and knives were sitting.
A higher gas tax would force car manufacturers to do for American drivers what they have been doing for years in Europe.
But critics of the tougher amendment countered that it would cost jobs and take lives by forcing car companies to make lighter, smaller vehicles.
If European countries look inward, however, with Germany pushing its consumers to buy German cars, the French government forcing car companies to keep unproductive factories open etc, one can expect a decade of stagnation.
To the dismay of car owners, Bogotá removed one-third of its street parking to make room for TransMilenio and imposed alternate-day driving restrictions determined by license plate numbers, forcing car owners onto the system.
At the urging of dealers, Michigan last month enacted a law that forces car manufacturers to sell their vehicles through franchised dealerships.
A secondary objective was to force cars with expired registrations from the road.
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