Industry Analysis & Industry Trends
The recession significantly altered the state of the Car and Automobile Manufacturing industry, with vehicle sales falling to historic lows and industry revenue plummeting. The future of the industry over the next five years is much brighter. Industry profit margins will be relatively healthy as companies benefit from a combination of operational efficiency at manufacturing plants and rising vehicle sales. Moving forward, automakers will focus production on smaller, lighter and more fuel-efficient vehicles to become more competitive in the wake of rising gas prices... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Having endured the tumultuous recession era and now recovering in the aftermath, the Car and Automobile Manufacturing industry is in the mature stage of its life cycle. Industry value added (IVA), or the measure of the industry's contribution to the overall economy, is growing at an average annual rate of 3.2% over the 10 years to 2018. Comparatively, US GDP is growing at an estimated 2.1% average annual rate over the same period. The industry's faster growth rate than US GDP can be attributed to the large decrease in revenue during the recession and the subsequent recovery bolstered by low interest rates and rising consumer confidence.
Industry output has skyrocketed in the wake of an improved economy and increased consumer sentiment... purchase to read more