DETROIT -- The auto industry has undergone a dramatic shift in consumer demographics in the U.S., with affluent consumers accounting for 10% more market-share points than they did a decade ago, a General Motors Corp. executive says during a year-end sales briefing. “In general, what you find is the upper fifth of the population accounts for, depending on what quarter you’re looking at, 40% or more of new vehicle purchases,” says Paul Ballew, GM general director-market and industry ...
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