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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 ...
The ISM's manufacturing Purchasing Managers Index (PMI) has mostly been in contraction territory since November 2022, only rising once above the 50 thresho US manufacturers predict growth in 2025 ...
Tyson Jominy, J.D. Power VP of data and analytics, joins Yahoo Finance to share the company’s outlook on the automotive industry in 2022 and beyond.
An automotive assembly line at Opel Manufacturing Poland in 2015 SEAT, Škoda, and Volkswagen cars being transported by train in Kutná Hora, Czech Republic in 2014. The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles.
The summary chart includes the five largest worldwide automotive manufacturing groups as of 2017 by number of vehicles produced. Those same groups held the top 5 positions 2007 to 2019; Hyundai Motor Group had a lower rank until it took the fifth spot in 2007 from the at that time split German-American auto manufacturer DaimlerChrysler, while Ford became surpassed by Honda in 2020, and even ...
In 2003, the Center for Automotive Research (CAR) was established as an independent non-profit research organization. CAR creates economic and systems modeling research, develops new manufacturing methodologies, forecasts industry futures, advises on public policy, and conducts industry conferences and forums. The institute is sometimes quoted ...
It offers a complete exemption from purchase tax for electric vehicles bought in 2024 and 2025, resulting in potential savings of up to RMB 30,000 (US$4,170) per vehicle. From 2026 to 2027, the exemption will be halved and capped at RMB 15,000 (US$2,078). This initiative aims to stimulate automotive industry growth amidst sluggish auto sales.
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