Automotive

Automotive

Car and automobile manufacturing in the U.S. is a $100 billion dollar industry highly dependent on consumer confidence and oil and steel prices. This industry experienced significant downturns in 2009, but continues to recover due to pent up demand and low interest rates. Over the next five years, we expect continued recovery and growth stemming from an increase in auto sales and the results of cost-cutting strategies implemented during the recession. Generally, automakers are focused on smaller, more fuel-efficient vehicles due to rising gas prices.  

Source: IBISWorld Industry Reports