The Car Industry

The Automotive Industry! (http://www.plunkettre search.com/Industries/AutomobilesTrucks/tabid/76/Default.aspx) In the U.S., the 2007 market was rough 15.9 meg railcars and light trucks sold, down from ab step to the fore 16.5 one million million the antecedent 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 ar from Scotiabank Group. There are approximately 244 million vehicles in exertion in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007. By 2020, that modus operandi will reach 1 jillion. 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 pass $675 billion, according to NADA. The years of 2004 through 2006 will long be remembered as a pivotal period in the auto 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 imbibe 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. duration 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 Toyotas Prius loanblend car. Toyota responded by raising the price and planning... If you want to get a full essay, order it on our website: Orderessay

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