Automobile Industry Introduction, Business and Industry Trends Analysis

¹ Video Tip For our brief video introduction to the Automobile industry, see www.plunkettresearch.com/video/automobile.      The automobile industry surged ahead worldwide in recent years, with particularly sharp growth in the U.S. and China.  Analysts at JD Power forecast the global market at 73 million units for 2020.  This would represent more than a 20% decrease from the previous year, due to the Coronavirus pandemic. Prior to the 2020 Coronavirus pandemic, sales within the U.S. were running at very high rates.  However, total U.S. car and light truck sales for 2020 were down about 17% during the first seven months…

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