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A Breakdown of the U.S. Auto Industry: History, Economics ...
The automobile industry makes up a substantial portion of U.S. gross domestic product each quarter. As such it captures a great deal of attention from investors, politicians, and economists for ...
U.S. Automotive Industry - Statistics & Facts | Statista
The automotive industry in the United States experienced a sharp drop in demand in March 2020: vehicle sales were down 38 percent year-on-year. 2020 light vehicle sales are expected to be between ...
Automobile industry | Article about automobile industry by ...
The U.S. auto industry dominated the global market with 83% of all sales, but as Europe and Japan rebuilt their economies, their auto industries grew and the U.S. share dropped to about 25%. Following the OPEC oil embargo in 1973, smaller, fuel-efficient imports increased their share of the U.S. market to 26% by 1980.
How The U.S. Automobile Industry Has Changed
The steel industry and machine tool makers also flourished as the automotive industry required ever-increasing supplies and components for the engines, chassis and other metal fixtures of the cars.
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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