Vroom…Auto Industry Shows Growth

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By: Terri Long

Icon showing growth of the auto industryOn October 4, 2011, the Full Report on Manufacturer’s Shipments, Inventories and Orders for August 2011 was released. Preliminary estimates show January – August 2011 shipments of transportation equipment were $365.8 billion, up 4.1% over the $351.3 billion from January – August 2010. (All data are not seasonally adjusted.)

  • Automobile and light truck shipments were up 13.6% ($102.6 billion, January – August 2011 up from $90.3 billion over the same time period in 2010)
  • Heavy duty truck shipments grew 15.5% ($12.2 billion, January – August 2010 to $14.1 billion over the same time period in 2011)

Using USA Trade Online, we can see that U.S. exports of transportation equipment also increased. Exports were up 12.3% from January – August 2010 ($124.2 billion) to January – August 2011 ($139.5 billion).

  • Automobile and light truck exports jumped 24.9% ($30.2 billion, January – August 2011 up from $24.2 billion over the same time period in 2010)
  • Heavy duty truck exports increased 14.5% ($9.1 billion, January – August 2010 to $10.4 billion over the same time period in 2011)

The chart below takes a deeper look into the January – August Year-to-Date (YTD) export figures beginning in 2006 through 2011. Between August 2006 YTD and August 2008 YTD, exports of transportation equipment grew 22.5%. Automobiles and light truck exports alone increased 51.8%, while heavy duty truck exports rose 6.1%. However, over the next year (August 2008 YTD to August 2009 YTD), the industry sharply declined 28.0%. Heavy duty truck exports dropped 29.2%. Automobiles and light trucks declined 53.2%.

From August 2009 YTD through the current period of August 2011, transportation equipment exports rebounded significantly, up 35.8%. Automobiles and light truck exports surged an astounding 92.4% and heavy duty truck exports jumped 70.7%.

USAutoExports
Download Data on U.S. Exports of Automobiles and Trucks

To obtain more information about U.S. exports of automobiles and other goods, you may register for a free 7-day trial to USA Trade Online.

 

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6 Responses to Vroom…Auto Industry Shows Growth

  1. Californiality says:

    Great news for the nation at a time when auto sales are on the rise in the state of California. We need more of this kind of positive news in every sector of the economy.

  2. Car Insurance Orlando says:

    Hopefully this is a good indication of how the economy will grow in the coming years. I would be interested to see the how each individual car company is doing as well.

  3. Alex Keates says:

    Very fascinating work. We need the economy to pick up and I believe the automobile industry and its growth is highly reflective to where our economy will be heading in the future.
    This is positive.

  4. Mia Napper says:

    Mia Napper

    Fantastic post. Much obliged.

  5. Noelle Faith says:

    Noelle Faith

    Very good article.Really thank you!

  6. todd owner says:

    Definately Great news.
    Now Jobs can be created.
    And Business Owners can start living a decent life again.

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