A Comprehensive Review of Economic Indicators and the Auto Industry Free Essay, Term Paper and Book Report
A Comprehensive Review of Economic Indicators and the Auto Industry
The goal of this paper is to provide a comprehensive discussion of six economic indicators and their impact on the automobile industry. The indicators that will be discussed are personal income, unemployment, retail sales, auto sales, the inflation rate, and Gross Domestic Product. A brief history of the auto industry, an industry overview, and a SWOTT analysis will be presented. In addition, each indicator will be defined along with the status of each. Forecasts of each indicator will also be given. Lastly, strategic initiatives will be afforded based on how the forecasts will impact the auto industry.
Industry Overview
History
Around the world, more than 100 years ago, numerous men were working on motorized vehicles, unbeknownst to each other. When Nikolous Otto patented the four-stroke gasoline engine in 1876, the automotive industry began. This type of engine is still used today. The United States industry, which began in 1896, gave the automobile a Midwestern American flavor (Wright, 1996). The maj......
Word Count: 5584
Page Count: 22.3 (250 words a page / double spaced)
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