Industry Analysis & Industry Trends
The Car and Automobile Manufacturing industry endured weak sales during the recession but has since recovered in the five years to 2014, due to rising consumer confidence and low interest rates. In addition, more Americans returned to work and consumer sentiment began to recover, making customers more likely to purchase big-ticket items, such as new vehicles. Over the five years to 2019, the strengthening economic conditions and returning consumer confidence will continue to fuel the industry. Automakers will also seek growth potential in the hybrid and fuel-efficient car market, as they focus on developing gas-electric hybrid vehicles to increase fuel efficiency and cut exhaust emissions... 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 expected to grow at an average annual rate of 7.8% over the 10 years to 2019. Comparatively, US GDP is growing at an estimated annualized rate of 2.5% during the same period. The large decrease in revenue during the recession and the subsequent recovery, bolstered by low interest rates and rising consumer confidence, can be attributed to the industry growing at a faster rate than US GDP.
Industry output has skyrocketed from the improved economy and increased consumer sentiment... purchase to read more