In The Past 30 Years, The United States Auto Industry Has Gone Through Many Chan

Below is a free term papers summary of the paper "In The Past 30 Years, The United States Auto Industry Has Gone Through Many Chan." If you sign up, you can be reading the rest of this term papers in under two minutes. Registered users should login to view this term paper.

Term Paper Title	In The Past 30 Years, The United States Auto Industry Has Gone Through Many Chan
# of Words	2190
# of Pages (250 words per page double spaced)	8.76

In the past 30 years, the United States auto industry has gone through many changes.  In order to stay competitive with a foreign market, constantly threatening to eat away at profits, the American auto industry has had to respond by being flexible and adapt itself to this new situation.  Although, in the past, they were slow to get the message sent out by the consumers, the domestic auto industry now seems to be more than willing to analyze, and answer, the demands of a smarter, savior consumer.  The growth of the used car field has been a result of these demands.
Rising, higher prices for new cars have caused the typical American consumer to examine alternate solutions for their transpiration needs.  As the average car on the road is 8 years old, compared to 5.8 years in 1970, the signal to the auto industry has been that cars are being built better and consumers are not afraid to buy them.
Of course, this choice does not come without an opportunity cost for the consumer.  A used car will generally be bought on the condition "as is" or, at best, with a very limited warranty.  If a buyer of a used car drives off the lot and finds they have purchased a vehicle that needs lots of money spent on it for repairs, they may possibly find themselves out of luck.  Another downside may come as more people continue to saturate the market, looking for used cars to buy, the resources available will become scarce.  An increase in used car prices may gradually start to rise. As the figures indicate, for now consumers seem to be content with taking this risk.  Sales for used cars and trucks last year totaled at 15.1 million(going on your article’s figures).
The auto industry has been busy changing and evolving to answer consumer demands.  One of these signs has been the growth of large auction houses that are appearing all over the country.  Big investors are attracted by the potential  profits, which are an average of 1.5% of the wholesale price. The auctioneers make their money by auctioning off used cars and trucks mainly to dealers only, and are supplied with vehicles that come from trade-ins, repossessions, leased vehicles, and smaller used car lots.  With this reallocation of resources many of the smaller mom and pop used car lots have been bought out, or forced out of business.
Competition is heating up with the rise in the number of auction houses.  This has forced the auctions to be more selective in the kinds of vehicles they offer.  More care is being spent ...

This is not the end of the termpaper! Register below to see the complete version of this term paper.

Membership Plans	Credit Card	Check

1 month membership

3 month membership (You Save 50%)

6 month membership (You Save 67%)

Copyright © 2002-2007 Mid Term Papers. All rights reserved. This term papers website is used for research purposes only.
If you have forgotten your username or password, please click here.
If you like to cancel your account, please click here.

1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 - 12 - 13 - 14 - 15 - 16 - 17 - 18 - 19 - 20 - 21 - 22