Upcoming Trade Shows in USA for Automobile - Automotive Industry

The American automotive industry is not just a national pride; it’s an economic powerhouse that keeps millions of Americans employed and plays a pivotal role in the nation's GDP. With a workforce nearly 2% of the working-age population strong, this industry is a true driver of the US economy. When it comes to employment, Michigan stands as the undisputed leader. It's the chief production center for the automotive sector, employing the highest number of people both in vehicle manufacturing (43,800 people) and parts manufacturing (123,000 people). California and Kentucky follow closely, with 32,300 and 23,300 people, respectively. In parts manufacturing, Ohio and Indiana claim the second- and third-highest numbers of employees in the industry, boasting 64,900 and 56,800 people, respectively. The American automotive industry fuels a substantial portion of the country's gross domestic product. It's a standout contributor to the nation's economic prosperity, capturing the attention of investors, politicians and economists alike. The trio of General Motors, Ford, and Fiat Chrysler, often referred to as the ‘big three,’ are the true backbone of the industry. Ford, in particular, has always driven innovation and change in the industry, having pioneered both the first automobile and the revolutionary assembly line manufacturing process. In 2018, motor vehicles and parts accounted for a staggering $521.5 billion of the total US GDP, which stood at $20.58 trillion. This translates to a remarkable 2.5% of the country's entire economic output. The Organisation Internationale des Constructeurs d’Automobiles (OICA) places the United States second on the global stage, right behind China, in terms of the number of motor vehicles produced annually. In 2019 alone, the US produced 10.88 million passenger and commercial vehicles, while China led the pack with 25.72 million. Further data from OICA shows the US ranking sixth in 2019 for total passenger car production with 2.5 million cars rolling off the assembly lines.