This past year, $179 Billion worth of cars were imported into the United States.Presently American automobile companies have plants across the world, in the U.S. Despite international events, car imports recovered and quickly bounced back after 2010.As seen in the graphic below, the automotive crisis hit the industry hard during these years. Toyota experienced its first loss in over 70 years of operation. Additionally, manufacturers in Asia were forced to cut production due to falling demand. needed government assistance to stay in business. The three biggest auto manufacturers in the U.S. automobile crisis happened in 2008 and the demand for cars dropped drastically, major auto companies posted massive losses. Imports of automobiles increased consistently for many years until a sharp drop in the mid to late 2000s.Throughout these years, the vehicles became necessary for business and pleasure. and in 1980 Japan became the world’s leading auto producer, this spot would later be taken back by the U.S. Quickly, the imported car industry captured a large market share in the U.S. Spending on car imports grew consistently every year during the ’80s and ’90s.Eventually, the foreign competition led American producers to catch up with technology to remain competitive with foreign producers. These cars became more popular when the price of gas in the U.S.
Companies such as Toyota engineered higher quality cars which could be sold at a low cost.
During the ’50s and ’60s the first cars were imported into the U.S.Car owners could now drive cross-country in their own personal vehicles. With the creation of the highway system and a boom in the economy, Americans had the funds and a reason to purchase automobiles. automobile industry exploded after the end of the Second World War in 1945. So if we compare the monetary amount spent on importing cars into the United States with a timeline of important developments in the auto industry, we can begin to see the correlation between the two.īelow details some of the important events that have had an effect on the number of United States car imports. The History of the Automobile Industry in the United StatesĪn increase in spending on car imports is directly linked to the development of the auto manufacturing industry and to the U.S. Because of this, cars have become one of the most imported items into the United States. Since the initial mass production of the automobile, the United States auto industry has grown to be a vital part of the economy. The number of United States car imports has exponentially increased since the late 1950’s when cars first came across the ocean to the U.S.Īmericans love and need their motor vehicles.
0 kommentar(er)
