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S&P Global Mobility projects US sales will hit a seasonally adjusted annual rate (SAAR) of 16.2 million units in 2025, an estimated increase of 1.2% from a projected 16.0 million units in 2024 ...
They predicted that capital expenditures would increase 5.2% year-on-year, compared to a 5.6% rise reported for 2024. Factory employment was expected to increase by 0.8 percentage point in 2025 ...
(COLORADO SPRINGS) — In this week’s economic update, interest rates dropped again this week, but how will this impact our economy in 2025? Director of Data-Driven Economic Strategies (DDES ...
The United States was the first country in the world to have a mass market for vehicle production and sales and is a pioneer of the automotive industry [1] and mass market production process. [ 2 ] [ 3 ] During the 20th century, global competitors emerged, especially in the second half of the century primarily across European and Asian markets ...
The United States Department of Transportation's Federal Highway Administration as well as the National Automobile Dealers Association have published data in regard to the total number of vehicles, growth trends, and ratios between licensed drivers, the general population, and the increasing number of vehicles on American roads.
Model year followed with calendar year until the mid 1930s until then president Franklin D. Roosevelt signed an executive order to release vehicle model years in the fall of the preceding year in order to standardize employment in the automotive industry. [6]
The report indicated that California was the US leader in EV with nearly 40% of US purchases, followed by Florida – 6%, Texas – 5% and New York 4.4%. [ 36 ] In August 2021, the Biden administration issued an executive order that called for half of new vehicles sold in 2030 in the US—including battery electric vehicles , gasoline-electric ...
The auto industry could undergo another makeover if former President Donald Trump wins a second term to the White House this year. While President Joe Biden has made the transition to electric ...