This assumption was based on the stable underpinnings of auto demand--cheap financing by car companies (and by home equity loans) and a customary replacement cycle of three years.

FORBES: Magazine Article

While the prices they will have to pay may be higher than in 2008 when the U.S. auto industry was in free fall, a more stable industry will enable Chinese companies to overcome their natural fear of venturing abroad.

FORBES: China Shops in the U.S. For Auto Parts Makers