General Motors Company

There’s a direct correlation between the size of a country’s GDP and its automotive industry. The auto industry has been expanding at a fast pace over the past several years.

Lear (LEA) is one of the largest automotive parts suppliers with FY14 revenues of $17.7 billion.

There are higher maintenance and repair costs as a car gets older. This supports the option of leasing a vehicle.

The automotive industry is one of the biggest spenders when it comes to advertising. General Motors (GM) paid out $928 million during the first half of 2014.

The automotive sector plays a crucial role in job creation. Car manufacturing activity has an employment multiplier value of five.

German automakers lead the luxury space in the US. Daimler AG had an 18.4% share. It was followed by BMW. It had a 16.8% share.

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We’ll take a brief look at industry sales to assess Toyota Motor Company’s (TM) position in the global industry. First, we’ll look at industry sales, and second, we’ll assess Toyota’s ability to capture its share of the market.

Ford is behind the industry trends with its 2013 units’ sales. Ford’s units in Latin America are roughly in line with industry sales at 8%.

Global market share is dominated by the top ten original equipment manufacturers (or OEM), which account for 81% of the global automotive industry’s annual sales.

The global automobile market is impacted by global GDP, consumer confidence, employment, the availability of credit, the price of fuel, and consumer confidence.