In 2019, U.S. motor vehicles and parts manufacturing generated a gross output of rougly 787 billion U.S. dollars. Growth in the global automotive industry slowed down between 2017 and 2019; sales of new light vehicles decreased and production output dipped to 92 million vehicles in 2019. U.S. domestic auto production dipped to its lowest point since 2010.
Manufacturing output
Gross output is measured as the value of sales generated by an industry. Motor vehicles and parts manufacturing gross output represented 12.6 percent of the U.S. manufacturing sector's gross output in 2019. On the whole, U.S manufacturing output fell 6.3 percent in March 2020. The future of the U.S. manufacturing industry will depend on economic recovery from the coronavirus pandemic and the result of President Trump’s negotiations with China and other nations. Manufacturing jobs are some of the most likely to be lost as a result of steel and aluminum tariffs.
U.S. motor vehicle and parts manufacturing gross output from 2012 to 2019
(in billion U.S. dollars)
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BEA. (September 6, 2020). U.S. motor vehicle and parts manufacturing gross output from 2012 to 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 18, 2022, from https://www.statista.com/statistics/258075/us-motor-vehicle-and-parts-manufacturing-gross-output/
BEA. "U.S. motor vehicle and parts manufacturing gross output from 2012 to 2019 (in billion U.S. dollars)." Chart. September 6, 2020. Statista. Accessed May 18, 2022. https://www.statista.com/statistics/258075/us-motor-vehicle-and-parts-manufacturing-gross-output/
BEA. (2020). U.S. motor vehicle and parts manufacturing gross output from 2012 to 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 18, 2022. https://www.statista.com/statistics/258075/us-motor-vehicle-and-parts-manufacturing-gross-output/
BEA. "U.S. Motor Vehicle and Parts Manufacturing Gross Output from 2012 to 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Sep 2020, https://www.statista.com/statistics/258075/us-motor-vehicle-and-parts-manufacturing-gross-output/
BEA, U.S. motor vehicle and parts manufacturing gross output from 2012 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/258075/us-motor-vehicle-and-parts-manufacturing-gross-output/ (last visited May 18, 2022)
