Trains Planes and Automobiles

The Covid19 cumulative case and death percentages have stabilized and vaccinations are proceeding. The US %Deaths/Cases has been 1.7% for the last 42 days. The World %Deaths/Cases has been 2.2% for the last 11 days. 

We should see a gradual return to “normal” as lockdowns are ended and businesses recover over the next few months.

There are 7.6 billion people on the planet. 18% have cars.

There are 1.4 billion cars on the road. There are 6.2 billion people who don’t have cars.

Toyota has sold 20 million Hybrid Prius cars since 2000.

There are 10 million plug-in electric cars on the road.

Electric cars need to be charged every 100 to 300 miles

and cost from $25,000 to $100,000, so this is a limited market. US Regular gasoline prices averaged $2.43 on 2/3/21.

US Mass Transit ridership in 2020 dropped by 65%.

US Airline ridership in 2020 dropped by 62%.

Hotel occupancy is down 70%.

US Retail and Office vacancies average 20%.

Unoccupied Office space is 33.5M square feet.

Commercial Real Estate is down 48%.

Leasing activity is down 39%.

Large cities have 17% vacant lots.

US working from home is 42% and is expected to be 27% in 2021 and 22% to 2025.  37% of jobs can be home-based.

17% of US restaurants have closed. Restaurant transactions are down by 42%. Consumer spending is down by 20%.

Those employees who can work from home will continue to save gas and food money. Hotels and Airlines will recover slowly as consumer demand adjusts.

Norb Leahy, Dunwoody GA Tea Party Leader