OPPapers.com Essay Index >> Technology >> The Car Industry
We have many free term papers and essays on The Car Industry. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Car Industry Australia Executive Summary Eagle Motors Ltd is a well-established Swedish Car Manufacturing Company trying to set up their firm in Australia. In order
Car Rental Industry & Elasticity The rental car industries as well as other industries within the travel market are challenged with developing a pricing strategy
The Used Car Industry The Used Car Industry In the past 30 years, the United States auto industry has gone through many changes. In order to stay competitive with
Industry analysis of the car industry Overview of Automotive Industry Analysis The development of the automobile came from many different people from different countries.
The car industry The Automotive Industry! (http:/www.plunkettresearch.com/Industries/AutomobilesTrucks/tabid/76/Default.aspx) In the U.S., the 2007 market was approximately
Submitted by CHIBZWILL on March 5, 2008
Category: Technology
Words: 1372 | Pages: 6
Views: 331
Popularity Rank: 40,613
Average Member Grade: N/A (Add a Comment / Grade this Paper)
The Automotive Industry! (http://www.plunkettresearch.com/Industries/AutomobilesTrucks/tabid/76/Default.aspx)
In the U.S., the 2007 market was approximately 15.9 million cars and light trucks sold, down from about 16.5 million the previous year. Production in North America, during 2006, including cars and trucks of all types, totaled 11.8 million produced in America, 2.6 million produced in Canada and 2 million produced in Mexico. Globally, about 53 million new cars were sold in 2007, up from about 49 million the previous year. These estimates are from Scotiabank Group.
There are approximately 244 million vehicles in operation in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007. By 2020, that number will reach 1 billion. Currently, those vehicles burn nearly 260 billion gallons of fuel yearly.
In the U.S., as of 2006, the industry included about 21,200 new-car dealerships, 1.07 million manufacturing employees and 1.12 million retail new and used car dealership employees. Total revenues at new-car and light truck dealers exceed $675 billion, according to NADA.
The years of 2004 through 2006 will long be remembered as a pivotal period in the automobile industry. It was a period during which high gasoline prices started a sea change among U.S. consumers that is finally creating significant demand for fuel-efficient vehicles. Gasoline prices of approximately $2.00 per gallon started taking a huge bite out of family budgets in 2004, and many middle-class consumers who owned fuel guzzling SUVs and pickup trucks began to wish they had vehicles that were much less expensive to operate. By 2005-2006, with gasoline prices in the $3.00 range, the party was over for traditional, large SUVs. While gasoline prices moderated during much of 2007, they were still in the $2.70 range in most markets.
One result was the phenomenal demand for Toyota's Prius hybrid car. Toyota responded by...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!