Impact of the Big Three on the automobile market
This is about a study conducted in the major cities of the country between 2008 and 2009. The study shows overall increase in the vehicles with respect to various categories and the overall impact of the vehicle growth on human life. As the average age of the vehicles increases along with the services such as sales, support and maintenance, it has also increased the dependency on the vehicles. Most of the vehicles have become a part of the human life, making it more luxurious.
According to the reports from the car dealers, more than three million cars have been sold during 2002 and 2003. Even during the economic slowdown in the year 2009, the number of vehicles sold had crossed about 2.5 million. The vehicles imported from Japan during the crisis were about 950,000. Japan has become the largest exporter to the US with millions of cars sold since the last 25 years and the other exporter is Germany. It has sold many branded vehicles to the US in the last few years. Japan has become one of the top-most exporters in the vehicles, producing high quality vehicles which give excellent performance. The Japanese vehicles are considered to be the most reliable vehicles in the country. The Chrysler is also one of the most successful vehicle manufacturing companies which has sold many vehicles in different parts of the world and has generated $59.4 billion of revenue. The sedan cars which the company manufactures are highly popular among the vehicle lovers. The impact of ‘the Big Three’ has always dominated the automobile industry of the US. There are 15,000 car manufacturers working and producing cars in the US but the General Motors, Ford Motor Company, and Chrysler Corporation has complete hold over the automobile market. General Motors Company is considered to be the largest vehicle producer of the US for the past 75 years. The company has sold more than 9.015 million cars all over the world. The Ford Motor Company (FoMoCo) which came into existence in the year 1903. Henry Ford started his company and today it is the second biggest company in the country. It has sold many vehicles across the world and earned more than $150 billion.
The competition in offering the best of the vehicles helps in increasing the quality of the vehicles along with the other related areas of sales, service, and maintenance of the vehicles.
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