May 1, 2011
Before the Great Recession, the auto industry in Indiana, Michigan and Ohio was in the throes of restructuring—applying new technologies and production efficiencies, reducing costs, and modifying product lines to equal or beat global competitors —accompanied by an extended period of downsizing. Overlaying the recession on the restructuring compounded the challenges the industry was already facing.
Mar 1, 2011
This study seeks to estimate the economic impact in 2010 of Toyota’s U.S. operations on the U.S. economy and 16 individual state economies. It finds that Toyota’s employment in the U.S. contributes to the support of more than 365,000 jobs nationally, and compensation of over $20 billion.
Jan 1, 2011
The purpose of this study is not to forecast sales of electric vehicles; rather, this study‘s aim is to estimate electric vehicle deployment by state. In order to create these estimates, CAR examined forecasts of total electric vehicle sales in the U.S. to generate a reasonable approximation of what electric vehicle sales might look like for the period 2012 to 2015. The national estimates used in this paper do not constitute a CAR forecast and only reflect projections that were available at the time of this study. In the study, Table 6 denotes the percentages used by CAR to divide national electric vehicle sales among states. With the state percentages, one could select any forecast and generate state-by-state results for that forecast.
Nov 1, 2010
In late 2008 and throughout much of 2009, the global economy was in recession and the world’s automotive industry was in crisis. In the United States, automotive sales plummeted to historically low levels, both automotive commercial and consumer credit availability contracted sharply, and critically, two major automotive manufacturers—General Motors and Chrysler—were on the brink of collapse.
Jan 1, 2010
The Consumer Assistance to Recycle and Save (C.A.R.S.) Program, commonly called “Cash for Clunkers” (C4C), was a $3 billion government incentive to boost automotive industry sales that was in place July 24, 2009 through August 24, 2009. The program was widely hailed as a success since 677,081 individuals traded in their older and less fuel efficient vehicles for new vehicles. During this 32-day period, 2009 new vehicle sales peaked and, for the first time in a long time, the industry experienced the first signs of recovery. Aside from the potential environmental benefits associated with the program, the major purpose was to create jobs in the devastated automotive sector of the U.S. economy.
Aug 1, 2009
The Specialty Equipment Market Association (SEMA) and the Center for Automotive Research (CAR) have engaged in a multi-phased project to create business strategy guideposts for SEMA members.
May 1, 2009
The automotive industry has long been, and continues to be, one of the most important sectors in the U.S. economy. The motor vehicle and parts manufacturing industries employed 597,000 workers directly, as of March 2009, and the Detroit 3 employed 202,8002 hourly and salary workers in the United States, as of February 2009. The international producers employed 107,5003people in the United States in January 2009. The auto industry has one of the largest economic multipliers of any sector of the U.S. economy, and is sufficiently large that its growth or contraction can be detected in changes in the U.S. Gross Domestic Product. In many states, employment in automotive and automotive parts manufacturing ranks among the top three manufacturing industries.
