Figure D

Domestic production of motor vehicles lagging far behind spending: PCE, motor vehicles versus motor vehicle output, $2012 billions

Spending Production
2019Q1 $511.7 $561.3
2019Q2 $521.8 $564.5
2019Q3 $528.5 $580.4
2019Q4 $537.5 $563.2
2020Q1 $493.0 $513.9
2020Q2 $498.4 $308.1
2020Q3 $586.8 $589.0
2020Q4 $589.7 $569.2
2021Q1 $661.2 $570.7
2021Q2 $686.1 $549.4
2021Q3 $565.0 $480.3
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Source: Author’s analysis of Bureau of Economic Analysis (BEA) NIPA Table 1.5.6 Real Gross Domestic Product, Expanded Detail, Chained Dollars.

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