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Vroom…Auto Industry Shows Growth

Posted By rosannatorres On October 18, 2011 @ 6:26 am In Foreign Trade Data | 6 Comments

By: Terri Long

Icon showing growth of the auto industryOn October 4, 2011, the Full Report on Manufacturer’s Shipments, Inventories and Orders [1] 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 [2], 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 [3]
Download Data on U.S. Exports of Automobiles and Trucks [4]

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 [2].

 

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6 Comments (Open | Close)

6 Comments To "Vroom…Auto Industry Shows Growth"

#1 Comment By Californiality On October 26, 2011 @ 1:18 am

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 Comment By Car Insurance Orlando On October 27, 2011 @ 11:04 am

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 Comment By Alex Keates On November 1, 2011 @ 6:16 am

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 Comment By Mia Napper On December 2, 2011 @ 12:54 am

Mia Napper

Fantastic post. Much obliged.

#5 Comment By Noelle Faith On December 23, 2011 @ 1:05 am

Noelle Faith

Very good article.Really thank you!

#6 Comment By todd owner On December 23, 2011 @ 6:16 am

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


Article printed from Global Reach Blog: http://globalreach.blogs.census.gov

URL to article: http://globalreach.blogs.census.gov/2011/10/18/vroomauto-industry-shows-growth/

URLs in this post:

[1] Full Report on Manufacturer’s Shipments, Inventories and Orders: http://www.census.gov/manufacturing/m3/index.html

[2] USA Trade Online: http://usatrade.census.gov/

[3] Image: http://globalreach.blogs.census.gov/files/2012/04/6a0120a61b56ed970c0162fbb97f42970d-pi.png

[4] Download Data on U.S. Exports of Automobiles and Trucks: http://blogs.census.gov/files/data-on-u.s.-exports-of-automobiles-and-trucks.xls

[5] Tweet: https://twitter.com/share