American Auto Industry

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Recommended: Birth of the automotive industry

The automotive sector is a major industry in America. The invention of the automobile in the late 1800’s revolutionized transportation. It wasn’t till Henry Ford in 1903 with his Ford Motor company, was the automobile made available to everyday Americans. Ford’s invention of the assembly line brought the automobile sector into a large industry in America’s economy. According to Veronica Franco of Market Research stated that in 2010 the auto industry had a global value of $728.3 billion. He projects that at the average growth rate of 24.1%, like what we saw from 2009 to 2010, by 2015 the value of the industry will be at $904 billion. So what does this mean for the future of this industry? It is going to continue growing. To see where the industry is going, one must look at the past, present, both the American and global sector, and the future projections.
To look at the industry’s past in America we have to narrow down the 16 major auto makers. Three of these businesses are centered in America. Ford, General Motors, and Chrysler are known as Detroit’s Big Three. Four out of every ten employees of these three companies work here in America. The other 13 auto makers average about 5 out of every 100 employees work in America. These numbers come from the American Automotive Policy Council. One can see that these Big Three have a big influence in America. The automobile has been an icon in America for over a century. Following the creation of the auto industry, was the creation of multiple car brands owned by one corporation. This lead to the form of automotive giants, ultimately leading to what we know today has the Big Three.
In 1910 there was about 500,000 automobiles on the road. When Ford started producing Mo...

... middle of paper ...

...where but up. All markets have high and low points but the demand for the automobile will always be there. With advancements car may be different from what we know them to be but that do not mean they will dissolve. I believe that the auto industry will continue to revolutionize the way we transport and will continue to grow for many years to come. The United States has a great market and setting for this growth and I believe it will continue to dominate the auto industry.

Works Cited

"Auto Industry Navigates '80s, Revs Up For '90s." Orlando Sentinel. N.p., n.d. Web. 10 Dec. 2013.
"Car Industry Will Grow to $904 Billion by 2014." Yahoo Finance. N.p., n.d. Web. 09 Dec. 2013.
"Google." Google. N.p., n.d. Web. 09 Dec. 2013.
"Industry Facts." AAPC. N.p., n.d. Web. 09 Dec. 2013.
"The Auto Industry Since 1960." The Auto Industry Since 1960. N.p., n.d. Web. 10 Dec.

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