Size- The automobile industry consists of many sections, from production of automobiles to production of parts and components to even the retail aspect of automobiles. Given the nature of the products and the quantity and quality demanded, it should come as no surprise that this industry is one of the largest in the U.S. and world economies. The large number of people the industry employs has made it a key determinant of economic growth (Encarta.com). This industry has a spiral effect on the economy as the finished products are often used as factors of production in other industries. At the same time, in order to produce these vast amounts of automobiles, there is a heavy investment in the steel industry and other industrial products (Klepper, 11).
In recent years (1995-2001) the number of companies in the industry, including all sections, has reduced from about 4100 to around 3100 but yet sales have risen from B$ 33121 to B$41716 over the same time period (table 1). Post World War II, the Big 3: General Motors (GM), Ford and Chrysler have been near the top of the list of industrial firms with the most sales revenue. Given that these three giants account for 66% of the production of cars sold in America, the size of the entire industry is immense (autoindustry.com). .
Table 1: Sales in Billions of Dollars .
1995 1996 1997 1998 1999 2000 2001.
Vehicles and Engines SIC 34.1 23715 27199 28235 28607 29580 28492 27272.
Bodies SIC 34.2 2360 2355 2698 2511 2468 2490 2597.
Parts SIC 34.3 7046 7252 8305 9107 8658 8887 9305.
Tires SIC 25.11 1647 1779 1612 1441 1528.
Vehicle electrical SIC 31.61 1102 1052 1066 1112 1014.
Components sub total 9406 9607 11003 11618 11126 11377 14444.
TOTAL 33121 36806 41987 43056 43382 42434 41716.
Office of National Statistics: Annual Business Inquiry, published December, 12 months in arrears.
Structure- The automobile industry as we know it today, an oligopoly, was not always structured this way.
The airline industry is a service industry. ... In 1978 net profit for the industry was 1,196,537,000. ... Labor costs are the largest cost for the industry. ... The airline industry has seen tremendous growth since the deregulation of the industry starting in 1979. However much of the industry still remains regulated. ...
There is a nearby industry to the automobile industry, which is the manufacturing industry. ... The manufacturing industry seems to be the inputs for the automobile industry. ... The automobile industry combines those input together to build a vehicle, and this is solely from automobile industry. ... The automobile industry is one of the most focused industry in the world because it is the sector that generate the most revenue, and it is a growing industry. The growth of the industry could be affected by many factors, but the industry itself could recover very rapidly. ...
Basic description of Industry Industries such as the US airlines are a very valuable and are used throughout the world as an easier way of transportation. Some would call this industry an oligopoly. ... This event was with out a question, a threat to the industry. ... The U.S. airline industry is based out of the U.S. ... Airline Industry has changed over the years. ...
Money distribution in the music industry, however, is very controversial and doesn't occur how most people expect. ... The music industry obtains numbers far worse. ... In the music industry, the bands are the employees and the record companies are the CEOs. ... Yet, this is not the oil industry and it is not the education work force. ... Record companies began as a great mechanism in the industry; they gave musi...
Towards the end of the last century, it can be argued that no industry redefined and reshaped the world more than the computer industry. ... CONDUCT In focusing on the conduct of the computer industry, one simply has to look at the industry leaders of the past and present. ... Whereas these strategies worked early in the industry when IBM had a virtual monopoly in the computer hardware industry, many of these strategies are weak in today's more competitive computer industry. ... Regarding IBM, the conduct of the industry during its reign was due mainly to IBM's monopolistic cont...
Today, the issue of women being inferior to their male counterpart in the music industry is still there. ... For now, society will be blinded by these problems faced in the music industry until change arises. ... The music industry has completely exploited her in her new music and videos. ... By wanting more of these artists, it feeds into norms of the modern record industry. ... In a society where sex sells, the music industry takes advantage of women and makes their profit. ...
With reference to Hunter (2008), "traditional industry " indicates the type of industry in which production methods is usually in form of handicraft, become known in both pre-industrial time and even after as a continuation during the development of capital-intensive industrialisation. ... From there, in case the retention of traditional industries is necessary, this essay will delve into the cultural and sustainable aspects of maintaining traditional industries. ... Supposedly, traditional industry as industry 1 of which the assumed output is indispensable good (food, clothing) whilst indust...
The automobile industry has found many successful ways to advertise its new cars, trucks and minivans while making a profit. ... The automobile industry does research to find what works best for any specific car, truck or minivan. ... First, the automobile industry showcases the car in their advertisements. The industry demonstrates how the car can be driven. ... Second, when the automobile industry makes a commercial they use specific drivers. ...
How much did the airline industry recover since September 11, 2001?... But how much decrease in the number of flights has occurred and to what extent the industry is recovering, if at all? ... The analysis of the trend in the number of flights since September 2001 is also to be placed in the context of the airline industry coming into September 2001. The impact of terrorist acts of September 11 cannot be analyzed separately, isolated from the other factors affecting the airline industry in the years preceding the tragic events. ...