With the Detroit Auto Show going on (also known as the North American International Auto Show), there has been much attention on the U.S. auto industry and the comeback in the level of sales.  In fact, there has been a lot of hype regarding this over the past year.

However, when looking at a longer-term chart of auto sales (see chart above), we can see that although car sales have crawled back, they are not back to the level of the heydays before the Global Credit Crisis and Great Recession. 

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