The automotive trade contains a good vary of corporations and organizations concerned within the style, development, producing, marketing, and merchandising of motorcars. it’s one in all the world’s largest industries by revenue. The automotive trade doesn’t embrace industries dedicated to the upkeep of cars following delivery to the end-user, like automobile repair retailers and motor fuel filling stations.
The word automotive comes from the Greek autos , and Latin motivus, concerning any style of self-powered vehicle.This term, as projected by Elmer artificer, 1st came into use with relation to cars in 1898.
2007, there have been concerning 806 million cars and light-weight trucks on the road, intense over 980 billion litres (980,000,000 m3) of hydrocarbon and diesel oil yearly. the car could be a primary mode of transportation for several developed economies. The Motown branch of capital of Massachusetts Consulting cluster expected that, by 2014, third of world demand would be within the four BRIC markets (Brazil, Russia, Asian nation and China). Meanwhile, within the developed countries, the automotive trade has slowed. it’s additionally expected that this trend can continue, particularly because the younger generations of individuals no longer wish to have a automotive any longer, and like alternative modes of transport. alternative probably powerful automotive markets ar Islamic Republic of Iran and land. rising automobile markets already purchase additional cars than established markets. in keeping with a J.D. Power study, rising markets accounted for fifty one % of the world light-vehicle sales in 2010. The study, performed in 2010 expected this trend to accelerate. However, more moderen reports (2012) confirmed the opposite; particularly that the automotive trade was fastness down even in BRIC countries. within the u. s., vehicle sales peaked in 2000, at 17.8 million units.
|2021||LOGO||NAME||COUNTRY||VALUES USD ($)|