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Car & Automobile Manufacturing in the US - Industry Market Research Report

  • July 2017
  • 42 pages
  • Ibisworld
Report ID: 198799

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High-speed collision: Production has slowed in response to depressed vehicle sales

Abstract
Car & Automobile Manufacturing in the US

Over the five years to 2017, revenue for the Car and Automobile Manufacturing industry is anticipated to experience volatility, which will ultimately contribute to an overall revenue decline. As the economy rebounded, consumer confidence has improved and financing options have become more widely available. This has released pent-up consumer demand for new vehicle purchases in the first half of the five-year period. In addition, interest rates fell, which reduced the cost to finance a vehicle purchase, and sales across the automotive sector recovered healthily. However, in the latter half of the past five years, production slowed in response to depressed vehicle sales. Despite declining revenue, the industry has expanded due to increasing product innovation. In turn, operators have increased capital investment to modernized equipment. The industry is expected to continue decreasing over the five years to 2022; however, declines are projected to be softer than the previous five-year period.

Companies in this industry manufacture cars and automobile chassis. These operators, which are referred to as automakers, typically produce cars, including electric cars, in assembly plants. The manufacturing of light trucks (e.g. vans, pickups and SUVs), heavy trucks and motorcycles is excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- Nissan Motor Co. Ltd.
- Honda Motor Co. Ltd.
- General Motors Company
- Toyota Motor Corporation
- Ford Motor Company

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