Population of the Cars is Changing with the Time and Trend

August 28th, 2008

Cars are the best means of transport in the today’s world. It is the most convenient and the user-friendliest transport. Unlike other transports like busses or trains one can chose where to go and how to go to a certain destination.

There are over 800 million passenger cars that travel on the streets and on the roads all round the world every day and these exclude the trucks and busses. There are about 300 million passenger vehicles in the US alone. The population of cars is growing be 6.9% compared to the 1.8% of human population.

US were the first country who started manufacturing passenger vehicles on their own in the early 1900. In the 1970 there were 200 million cars, in 1990 there were over 500 million cars and in 2000 there were more than 700 million cars that are on the road. If this trend continues the number of vehicles will double in the next 30 years. According to a survey there were about 68 cars per 1000 homes in Latin America, 29 cars per 1000 homes in East Asia and the pacific and 14 cars per 1000 homes in Africa.

Nowadays it’s very easy to get a car. You can get car loans on a very easy basis. There are even financers who does the car finance with low interest rate. All over the world you can avail car credit, but the rules and regulations differ according to the country in which you are residing.


Entry Filed under: Beat Mortgage

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