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The auto industry is shrinking as the world reaches 'peak ...
The automotive industry is slowing faster than expected, and bringing massive economic threats with it. The sector experienced a "sharp downturn" in production and sales through 2018, and ...
20 Crucial US Auto Industry Statistics and Trends This 2020
What is the worth of the automotive industry in the USA? According to the American Automotive Policy Council, the automotive industry is the largest manufacturing sector in the United States. The organization’s 2018 report says that the automakers in the country have exported vehicles and parts worth over $692 billion over the past five years.
Auto Industry: Statistics, Trends, Economic Impact
In 2018, the U.S. automotive industry contributed 2.7% to U.S. gross domestic product. That's $545.4 billion out of the total $20.5 trillion produced. Of that, $327.1 billion was auto manufacturing and $218.3 billion was vehicle retail sales. On average, the industry employs 17.9 million people.
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