U.S. Automobile Exports Soar, Business and Industry Trends Analysis

America’s car manufacturers have enjoyed strong sales in recent years, with 17.1 million sold during 2019, roughly the same as 2018’s amount, and down from 2016’s 17.6 million.  At the same time, automobile exports have been very strong.  For 2019, exports rose to $133.6 billion, up from $130.7 billion in 2018 and $130.4 billion in 2017.  The Coronavirus pandemic of 2020 shut down auto plants temporarily, but they quickly reopened with enhanced safety measures in place.  Special factory incentives and extremely low interest rates supported new car and truck sales at a relatively high level during the pandemic. This growth…

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