Even though the Japanese Voluntary Restraint Agreement (VRA) was supposed to be "voluntary" (U.S. trade officials pressured) and temporary (originally designed to give domestics five years to "catch up") when announced in May 1981, it still stands today.
While the automotive fleet and leasing industries seem to be enjoying good health in the midst of the resurging economy, a relapse could be in store if the federal government continues to neglect the mounting budget and trade deficits.
For the 1984 model year, Automotive Fleet statistics show that import manufacturers registered(52,087 new cars in the U.S. fleet segment, or just two percent of total import registrations. Most of those manufacturers, of course, had been operating in a restricted marketplace. But now that market place has begun to undergo some important changes.
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