WASHINGTON, D.C. — The American International Automobile Dealers Association (AIADA) together with the Association of Global Automakers (Global Automakers) have released an economic impact report showcasing the growing impact of the international automakers on the U.S. economy.
The report, Redefining the American Auto Industry, was recently presented at the AIADA Auto Summit in Washington, D.C. With their increasing investment and operations, international manufacturers and dealers are reshaping the global auto industry and redefining the meaning of an American car, the two organizations say.
According to the report, international automakers:
* Produced more than 5 million vehicles in the United States last year, accounting for 45 percent of all vehicles built in America
* Sold 7.5 million vehicles, which is 59 percent of all U.S. sales
* Operated 380 U.S. facilities, including 32 manufacturing plants, representing a $64 billion investment
* Employed 100,000 Americans with a total payroll of more than $9 billion
* Created 500,000 additional American jobs through 10,000 dealership franchises
* Exported 800,000 automobiles from the U.S. to more than 60 different countries around the world
“The positive economic ripple effect created by our industry doesn’t end after the vehicles are designed, built and distributed to dealerships nationwide,” said AIADA President Cody Lusk. “The impact only grows, as thousands of international dealership franchises staffed by hundreds of thousands of Americans then begin the work of selling and servicing some of the most popular vehicles in the United States.”
“For over 50 years, international automakers have invested billions of dollars in the U.S. and have revitalized local economies, created tens of thousands of jobs, and expanded the local tax base,” added Global Automakers CEO John Bozzella. “As the data demonstrates, the old perceptions of foreign versus domestic in the U.S. don’t fit the reality anymore.”
The report is designed to educate policy makers and the public that the U.S. auto industry is comprised of a global array of companies, each of which is deeply invested in growing and thriving in America. Click here to view the report.
Manufacturers participating in the 2013 Global Automakers and AIADA Economic Impact Survey included BMW, Honda, Hyundai, Kia, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru, Toyota, Volkswagen, and Volvo.
