A new analysis by Bain & Company, as reported by CNBC, paints a picture of a shrinking U.S. auto market by 2024, with market forces making the auto sector uncomfortably competitive.
Bain cites declining fertility as the cause, as well as declining immigration — in other words, fewer people to buy cars in the first place. The automotive industry has matured, the report says, amid expectations of population growth of 1% per year, and…