Compliance Assured Through ISNetworld, PEC Premier, PICS & BROWZ
Since its inception, the automotive industry has produced approximately 806 million cars world wide, most of which are still operating on the road today. Of those 800 million, 250 million are currently operating in the United States. Unfortunately, during the first ten years of the 21st century, the automotive industry fell into financial decline. When the economy went downhill during 2008 and 2009, the industry was even worse off. Many people think of the automotive industry as simply the production of cars and trucks. However, jobs within this industry range from the conceptual stage of designing a car from scratch to sales and service for several years after the car is made and sold.
The auto industry in the United States provides a large contribution to the national economy. Between job creation, domestic production, exportation, research and development, the American Auto Industry is prevalent in several markets both in the U.S. and globally. According to the Center for Automotive Research, the industry, specifically equipment manufacturers, suppliers and dealers, provide 8 million jobs. The industry also spends billions of dollars on making sure cars are safe, have good air quality and are fuel-efficient. 2011 marked the year of the safest roads ever recorded.
As long as the automotive industry stays on top and automobile production continues to rise, the market will be in good shape. Plus, a better automotive industry branches out to benefit other areas of our lives. More auto production equals more jobs available in the U.S. Chrysler, Ford and GM are well known for employing people in the U.S. As autos are produced, new plants have to open, which means an even greater impact on the economy. It seems that so long as people need cars and transportation, the U.S. automotive industry will continue to be a leader.