Automobile Market

The total number of cars around the world exceeded the billion-unit mark in 2010, according to a study by Wards Auto. This figure has essentially doubled since 1986 when the 500-million-unit mark was crossed.

The United States has been the largest market for automobile sales since the advent of the Model T. But in 2009, China's demand jumped a whopping 46 percent over the year before, as the American market slumped.

The New York Times Automobiles Section discusses the growing population of Americans living car-free.

A study conducted by J.D.Power and Associates shows that young people are leading a shift in perception about desire for cars.

Small car sales, especially hybrids and subcompacts, are jumping while pickups and SUV sales plummet, contributing to a reduction in gas consumption. The $3.50 gallon mark may have been key to influencing vehicle selection as well as driver behavior.