--- title: "Meaning & Key Takeaway of: The 2008–2009 Great Recession also sent…" description: "\"“The 2008–2009 Great Recession also sent U.S. auto sales plunging from nearly 17 million in 2005 to 10.4 million in 2009, helping push the U.S. industr..." image: "https://sms4smile.com/quotes/i/ffb/amory-lovins-15083_great-recession_the-2008-2009-great-recession-also-sent_2079989.png" --- # The 2008–2009 Great Recession also sent U.S. auto sales… ![“The 2008–2009 Great Recession also sent U.S. auto sales plunging from nearly 17 million in 2005 to 10.4 million in 2009, helping push the U.S. industry to the brink of collapse.” quote by Amory Lovins](https://sms4smile.com/quotes/i/ffb/amory-lovins-15083_great-recession_the-2008-2009-great-recession-also-sent_2079989.png) [Download](https://sms4smile.com/quotes/i/ffb/amory-lovins-15083_great-recession_the-2008-2009-great-recession-also-sent_2079989.png) [Open image](https://sms4smile.com/quotes/i/ffb/amory-lovins-15083_great-recession_the-2008-2009-great-recession-also-sent_2079989.png) > ““The 2008–2009 Great Recession also sent U.S. auto sales plunging from nearly 17 million in 2005 to 10.4 million in 2009, helping push the U.S. industry to the brink of collapse.”” [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The Great Recession caused a sharp drop in U.S. auto sales, threatening the industry's survival. **In simple terms:** Recession slashed car sales, end the auto industry. Key Takeaway Recognize economic cycles impact markets. Themes economics recession industry risk Mood cautious analytical Type informative critical When to use this quote - Automotive sector analysis - economic forecasting - investment decisions Key Concepts market volatility consumer confidence policy response Questions to Reflect On - What strategies can revive a collapsing industry? A Different Perspective Does focusing on sales numbers ignore long‑term innovation? ★ ★ ★ ★ ★ No ratings yet [Great recession](https://sms4smile.com/quotes/about/great-recession/) [Recession](https://sms4smile.com/quotes/about/recession/) ## Related quotes > [ Let's stop for a second and remember where we were eight years ago \[in 2008\]. We had the worst financial crisis, the Great Recession,… ](https://sms4smile.com/quotes/hillary-clinton/let-s-stop-for-a-second-and-remember-where-we-were-eight-years-ago-in/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [In the wake of the Great Recession, most business leaders have tended to focus on their enterprise and short-term performance. The time for that…](https://sms4smile.com/quotes/richard-edelman/in-the-wake-of-the-great-recession-most-business-leaders-have-tended/) [Richard Edelman](https://sms4smile.com/quotes/author/richard-edelman/) > ['Up in the Air' may be a glossy production sprinkled with laughter and sex, but it captures the distinctive topography of our Great Recession…](https://sms4smile.com/quotes/frank-rich/up-in-the-air-may-be-a-glossy-production-sprinkled-with-laughter-and/) [Frank Rich](https://sms4smile.com/quotes/author/frank-rich/) > [Aggressive government spending during the Great Recession was absolutely necessary.](https://sms4smile.com/quotes/eric-garcetti/aggressive-government-spending-during-the-great-recession-was/) [Eric Garcetti](https://sms4smile.com/quotes/author/eric-garcetti/) > [Wall Street excesses helped lead to the Great Recession.](https://sms4smile.com/quotes/chuck-schumer/wall-street-excesses-helped-lead-to-the-great-recession/) [Chuck Schumer](https://sms4smile.com/quotes/author/chuck-schumer/) > [Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across…](https://sms4smile.com/quotes/mark-zandi/housing-was-ground-zero-for-the-great-recession-between-early-2006/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [ “We are headed for a much morse financial crisis than the one we experienced in '08 \[2008\] and we are headed for a much… ](https://sms4smile.com/quotes/peter-schiff/we-are-headed-for-a-much-morse-financial-crisis-than-the-one-we/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Throughout the Great Recession of 2008, the average 401(k) balance lost anywhere from 25 to 40 percent of value. Nobody was more harmed than…](https://sms4smile.com/quotes/mary-pilon/throughout-the-great-recession-of-2008-the-average-401-k-balance-lost/) [Mary Pilon](https://sms4smile.com/quotes/author/mary-pilon/) > [A recession is when your neighbor loses his job. A depression is when you lose yours.](https://sms4smile.com/quotes/ronald-reagan/a-recession-is-when-your-neighbor-loses-his-job-a-depression-is-when/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [I think it's been unfortunate, but it's happened, that since the Great Recession, the gains have all gone to the top. And we need…](https://sms4smile.com/quotes/hillary-clinton/i-think-it-s-been-unfortunate-but-it-s-happened-that-since-the-great/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most…](https://sms4smile.com/quotes/janet-yellen/in-the-five-years-since-the-end-of-the-great-recession-the-economy/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [I'm astonished at how quickly the Great Recession came and went.](https://sms4smile.com/quotes/mary-pilon/i-m-astonished-at-how-quickly-the-great-recession-came-and-went/) [Mary Pilon](https://sms4smile.com/quotes/author/mary-pilon/) > [They talk about this Great Recession if it fell out of the sky, like, 'Oh, my goodness, where did it come from?' It came…](https://sms4smile.com/quotes/joe-biden/they-talk-about-this-great-recession-if-it-fell-out-of-the-sky-like/) [Joe Biden](https://sms4smile.com/quotes/author/joe-biden/) > [One of my favorite indicators of the near-term trend for the economy is auto sales, since folks tend to buy a car when they…](https://sms4smile.com/quotes/kevin-hassett/one-of-my-favorite-indicators-of-the-near-term-trend-for-the-economy/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [We've incentivized people in the past to maybe turn their vehicles over, you know sooner rather than later. And in the United States with…](https://sms4smile.com/quotes/alan-mulally/we-ve-incentivized-people-in-the-past-to-maybe-turn-their-vehicles/) [Alan Mulally](https://sms4smile.com/quotes/author/alan-mulally/) ## More by Amory Lovins > [Prominent exploration experts have recently predicted that total world production of liquid oil will peak by about the end of this decade-or a few…](https://sms4smile.com/quotes/amory-lovins/prominent-exploration-experts-have-recently-predicted-that-total/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [“Contrary to some recent reports, electrification won’t be constrained by critical materials (see The Rare-Earth Conundrum sidebar); rather, they’re vibrant business opportunities to displace…](https://sms4smile.com/quotes/amory-lovins/contrary-to-some-recent-reports-electrification-won-t-be-constrained/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [In the model that we grew up with, governments rule physical territory in which national economies function, and strong economies support hegemonic military power.…](https://sms4smile.com/quotes/amory-lovins/in-the-model-that-we-grew-up-with-governments-rule-physical-territory/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [I once met an economist who believed that everything was fungible for money, so I suggested he enclose himself in a large bell-jar with…](https://sms4smile.com/quotes/amory-lovins/i-once-met-an-economist-who-believed-that-everything-was-fungible-for/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [“Some automakers already sell autos with carbon-fiber composite parts or powered by electric motors. As we’ll see next, these innovations are about to converge,…](https://sms4smile.com/quotes/amory-lovins/some-automakers-already-sell-autos-with-carbon-fiber-composite-parts/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [Nuclear power has died of an incurable attack of market forces and is way beyond any hope of revival, because the competitors are several-fold…](https://sms4smile.com/quotes/amory-lovins/nuclear-power-has-died-of-an-incurable-attack-of-market-forces-and-is/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [Fire made us human, fossil fuels made us modern, but now we need a new fire that makes us safe, secure, healthy and durable.](https://sms4smile.com/quotes/amory-lovins/fire-made-us-human-fossil-fuels-made-us-modern-but-now-we-need-a-new/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [I think along the way, as we treat nature as model and mentor, and not as a nuisance to be evaded or manipulated, we…](https://sms4smile.com/quotes/amory-lovins/i-think-along-the-way-as-we-treat-nature-as-model-and-mentor-and-not/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [Today we have a temporary aberration called "industrial capitalism" which is inadvertently liquidating its two most important sources of capital, the natural world and…](https://sms4smile.com/quotes/amory-lovins/today-we-have-a-temporary-aberration-called-industrial-capitalism/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [Public discourse about climate change has resulted in the erroneous idea that it's all about cost, burden and sacrifice. If the math was correct,…](https://sms4smile.com/quotes/amory-lovins/public-discourse-about-climate-change-has-resulted-in-the-erroneous/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [I'm a practitioner of elegant frugality. I don't feel comfortable telling other people what to do, so I just try and lead by example.](https://sms4smile.com/quotes/amory-lovins/i-m-a-practitioner-of-elegant-frugality-i-don-t-feel-comfortable/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [I am a man without a furnace. My windows are insulated by 19 sheets of glass which cost less than installing a heating system.](https://sms4smile.com/quotes/amory-lovins/i-am-a-man-without-a-furnace-my-windows-are-insulated-by-19-sheets-of/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [The barriers that renewables and efficiency face come less from our living in a capitalist market economy and more from not taking market economics…](https://sms4smile.com/quotes/amory-lovins/the-barriers-that-renewables-and-efficiency-face-come-less-from-our/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [The reason the U.S. lags so badly is that we have obsolete rules that favor big over small, supply over efficiency, and incumbents over…](https://sms4smile.com/quotes/amory-lovins/the-reason-the-u-s-lags-so-badly-is-that-we-have-obsolete-rules-that/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) > [“Feebates make efficient autos cheaper to buy and inefficient autos costlier.79 Buy a fuel hog and you’d pay an up-front fee, right on the…](https://sms4smile.com/quotes/amory-lovins/feebates-make-efficient-autos-cheaper-to-buy-and-inefficient-autos/) [Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/) [Explore all 44 Amory Lovins quotes ](https://sms4smile.com/quotes/author/amory-lovins/) ## More Great recession quotes > [The plain fact is that recent college grads aren’t in massive pain. They suffered during the Great Recession like everyone else, but all told,…](https://sms4smile.com/quotes/kevin-drum/the-plain-fact-is-that-recent-college-grads-aren-t-in-massive-pain/) [Kevin Drum](https://sms4smile.com/quotes/author/kevin-drum/) > [There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had…](https://sms4smile.com/quotes/janet-yellen/there-were-a-lot-of-manufacturing-jobs-lost-over-a-long-period-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [The Great Recession is not imaginary, and the effects loom large. There was an article in the NYT about the galloping death rate among…](https://sms4smile.com/quotes/rick-moody/the-great-recession-is-not-imaginary-and-the-effects-loom-large-there/) [Rick Moody](https://sms4smile.com/quotes/author/rick-moody/) > [“This generation of Wall Street CEOs could be the ones to forfeit America’s trust. When the history of the Great Recession is written, they…](https://sms4smile.com/quotes/andrew-ross-sorkin/this-generation-of-wall-street-ceos-could-be-the-ones-to-forfeit/) [Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/) > [At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the…](https://sms4smile.com/quotes/mark-zandi/at-the-center-of-every-recession-is-a-serious-imbalance-in-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Many Americans are feeling, you know, shut out, shut down, the great recession hasn't ended for too many Americans, wages are flat, families are…](https://sms4smile.com/quotes/hillary-clinton/many-americans-are-feeling-you-know-shut-out-shut-down-the-great/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [They talk about this Great Recession if it fell out of the sky, like, 'Oh, my goodness, where did it come from?' It came…](https://sms4smile.com/quotes/joe-biden/they-talk-about-this-great-recession-if-it-fell-out-of-the-sky-like/) [Joe Biden](https://sms4smile.com/quotes/author/joe-biden/) > [Before Barack Obama took office, it looked like that pride could have vanished forever, but today, from the staggering depths of the Great Recession,…](https://sms4smile.com/quotes/ted-strickland/before-barack-obama-took-office-it-looked-like-that-pride-could-have/) [Ted Strickland](https://sms4smile.com/quotes/author/ted-strickland/) > [ Even though the play \[ The Best Man\] was written a long time ago, the characters seem modern and their struggles to make ends… ](https://sms4smile.com/quotes/chris-hart/even-though-the-play-the-best-man-was-written-a-long-time-ago-the/) [Chris Hart](https://sms4smile.com/quotes/author/chris-hart/) > [Most of the gains in the last years since the Great Recession have gone to the very top. So we are going to have…](https://sms4smile.com/quotes/hillary-clinton/most-of-the-gains-in-the-last-years-since-the-great-recession-have/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [I'm astonished at how quickly the Great Recession came and went.](https://sms4smile.com/quotes/mary-pilon/i-m-astonished-at-how-quickly-the-great-recession-came-and-went/) [Mary Pilon](https://sms4smile.com/quotes/author/mary-pilon/) > [Women in finance bore the brunt of layoffs more than their male counterparts during the Great Recession in 2008 and were also more likely…](https://sms4smile.com/quotes/mary-pilon/women-in-finance-bore-the-brunt-of-layoffs-more-than-their-male/) [Mary Pilon](https://sms4smile.com/quotes/author/mary-pilon/) > [I promised to bring change to Washington. The underlying reason for the economic mess we're in has been building for years. It's a fundamental…](https://sms4smile.com/quotes/barack-obama/i-promised-to-bring-change-to-washington-the-underlying-reason-for/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families…](https://sms4smile.com/quotes/janet-yellen/the-financial-crisis-and-the-great-recession-demonstrated-in-a/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most…](https://sms4smile.com/quotes/janet-yellen/in-the-five-years-since-the-end-of-the-great-recession-the-economy/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Browse all 44 Great recession quotes ](https://sms4smile.com/quotes/about/great-recession/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“The 2008–2009 Great Recession also sent U.S. auto sales plunging from nearly 17 million in 2005 to 10.4 million in 2009, helping push the U.S. industry to the brink of collapse.”", "creator": { "@type": "Person", "name": "Amory Lovins" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/amory-lovins/the-2008-2009-great-recession-also-sent-u-s-auto-sales-plunging-from/", "about": { "@type": "Thing", "name": "Great recession" }, "@id": "https://sms4smile.com/quotes/amory-lovins/the-2008-2009-great-recession-also-sent-u-s-auto-sales-plunging-from/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ffb/amory-lovins-15083_great-recession_the-2008-2009-great-recession-also-sent_2079989.png", "contentUrl": "https://sms4smile.com/quotes/i/ffb/amory-lovins-15083_great-recession_the-2008-2009-great-recession-also-sent_2079989.png", "url": "https://sms4smile.com/quotes/i/ffb/amory-lovins-15083_great-recession_the-2008-2009-great-recession-also-sent_2079989.png", "width": 1080, "height": 1080, "caption": "“The 2008–2009 Great Recession also sent U.S. auto sales plunging from nearly 17 million in 2005 to 10.4…” — Amory Lovins", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Amory Lovins", "item": "https://sms4smile.com/quotes/author/amory-lovins/" }, { "@type": "ListItem", "position": 4, "name": "“The 2008–2009 Great Recession also sent...", "item": "https://sms4smile.com/quotes/amory-lovins/the-2008-2009-great-recession-also-sent-u-s-auto-sales-plunging-from/" } ], "@id": "https://sms4smile.com/quotes/amory-lovins/the-2008-2009-great-recession-also-sent-u-s-auto-sales-plunging-from/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```