A Crucial Component of the US Economy
The US motor vehicle industry directly and indirectly accounts for a major component of the US economy. Besides the large number of people directly employed in car manufacturing and car spare part manufacturing, production of motor vehicles has a large-scale impact on revenue and employment in a number of other sectors, including the aluminum, chemical, glass, paint, petroleum, plastic, robotics, rubber, steel and tire industries. Trends in motor vehicle demand also impact numerous sectors of the service economy, ranging from auto insurance to car repair shops to towing companies. Government revenues (from car registrations, e-checks, license issuances, sales taxes, tolls, traffic tickets and more) are also impacted by changes in motor vehicle demand and in driving habits.