Due to the size of the commodities sold
by an automobile business and the high price tags of the cars, the numbers
thrown around when auto salesmen discuss profit and loss are large numbers.
Because of the strength of the auto industry, sales are remaining strong even
in the face of a potential U.S. recession.
Enormous sums go into the marketing of
cars. The auto industry generates enough wealth that when it has a good year,
the U.S. economy also has a good year regardless of what else happens.
Despite enforced environmental standards
that have forced the auto industry to make costly modifications to cars and
their fuel consumption and emissions, the auto industry as a whole is still
able to realize a healthy profit off of consumers. While the U.S. government
has made life difficult for auto companies, they are still operating in the
black with slightly smaller profit margins and the Tesla stock price is evident on this.
Automobile
industry stock is still performing well and is providing a good yield for
stockowners. As cars become more efficient to operate and are safer to drive,
the industry stands to enjoy a bright future.
0 comments:
Post a Comment