Automotive Industry
Automotive Industry The Automotive Industry is one of the largest industries in the world. Transportation needs is something that effects all of us. In the automative industry there are several production types, parts, accessories, vans, mini vans, trucks, SUV's, compacts, sedans, sports and luxuries. There is over 30 different manufacturing automotive companies. Many of these companies have merged and have part ownership of each other. The two largest companies today are GMC #1 and Ford Motor Company #2. Ford and GMC both consist of about ten companies each. Sales of these cars is done form companies to dealers and dealers to consumers. Consumers can do this over the Internet or at a dealer. In 1998 Internet sales were 80 billion and expected to be 726 billion by 2003. The Internet seems to be a convenience because you don't have to find your vehicle and deal with sales men. You can even have it delivered at your door for a similar cost. The Internet decreases incremental marketing, advertising, and personal cost per sale. Prices range from lowest around ten thousand and highest around one hundred thousand. The average car today runs about twenty-five thousand
about 370,000 people and pays its CEO 6 million a year. Financially they are doing well. It is going minimum wage to $6 dollars a day in 1935. 1946 Ford takes a hit and has losses at a rate of 10 million a affects both companies greatly and make them look bad. Stocks have dropped and the problem still
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Approximate Word count = 1758
Approximate Pages = 7 (250 words per page double spaced)
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