About the Industry
In the United States, the automotive industry and its 350,000 related industries employ approximately 7 million workers. More than 30 percent of all passenger cars in the world are located in the United States.
Approximately 90 percent of Americans own at least one car, and 55 percent own two or more vehicles. Americans drive 2.25 trillion miles per year. Their vehicles consume 140 billion gallons of fuel per year. Annually, motorists in the United States spend $100 billion on vehicle insurance. They also use more than $300 billion of credit in the purchase and maintenance of vehicles.
The automotive industry affects many areas of the economy.
"About the Industry" information was taken from the Automotive Excellence textbook by Glencoe-McGraw Hill.