International Automakers Now Account for 45% of U.S. Auto Production and 59% of U.S. Vehicle Sales
New Report Highlights How International Automakers are Redefining the American Auto IndustryWASHINGTON, DC--May 8, 2014: The American International Automobile Dealers Association (AIADA) together with the Association of Global Automakers (Global Automakers) today released an economic impact report showcasing the growing impact of the international automakers on the U.S. economy.
The report, Redefining the American Auto Industry, was presented at the AIADA Auto Summit in Washington, DC. With their increasing investment and operations, international manufacturers and dealers are reshaping the global auto industry and redefining the meaning of an American car.
According to the report, international automakers:
Produced1 more than 5 million vehicles in the United States last year, accounting for 45 percent of all vehicles built in America Sold 7.5 million vehicles, which is 59 percent of all U.S. sales Operated 380 U.S. facilities, including 32 manufacturing plants, representing a $64 billion investment Employed 100,000 Americans with a total payroll of more than $9 billion Created 500,000 additional American jobs through 10,000 dealership franchises Exported 800,000 automobiles from the U.S. to more than 60 different countries around the world
“The positive economic ripple effect created by our industry doesn’t end after the vehicles are designed, built, and distributed to dealerships nationwide,” said AIADA President Cody Lusk. “The impact only grows, as thousands of international dealership franchises staffed by hundreds of thousands of Americans then begin the work of selling and servicing some of the most popular vehicles in the United States.”
“For over 50 years, international automakers have invested billions of dollars in the U.S. and have revitalized local economies, created tens of thousands of jobs, and expanded the local tax base,” said Global Automakers CEO John Bozzella. “As the data demonstrates, the old perceptions of foreign versus domestic in the U.S. don’t fit the reality anymore.”
The report is designed to educate policy makers and the public that the U.S. auto industry is comprised of a global array of companies, each of which is deeply invested in growing and thriving in America.