The US automotive industry has been aided by a highly incentivizing ‘cash for clunkers’ programme, by a level of household consumption which has recovered over the last few years thanks, amongst other things, to the drop in unemployment, as well as by tempting consumer finance arrangements. Employment in this sector has started to rise again, as has investment and expenditure on research & development (R&D). But this recovery is not without danger. Amongst these risks are a median salary that is still below its pre-crisis level, consumer loans granted to risky borrowers, the significant increase in payment defaults and the probable end of cheap loans. Discover in this document the trends and the main figures of the US automotive industry.
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