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The Influence Of Financial Crises On The American Auto Industry

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  • Anamaria-Geanina Macovei

    (Stefan cel Mare University, Suceava, Romania)

Abstract

The automotive industry has historically faced new challenges and technological changes that will continue to shape its evolution in the future. Annual sales of traditional automobiles in the US have had a significant impact on the American economy, but also on the global economy and numerous changes due to government policies and economic improvements. The purpose of this paper is to analyze the evolution of annual car sales in the US after World War II. The proposed objectives to achieve this goal are: O1: Analysis of the impact of crises on the auto industry, O2: Analysis of the impact of crises on annual car sales from 1951 to 2022, and O3: Evolution over time of annual car sales after World War II in the US. To achieve the proposed goal, analytical and forecasting methods are applied using statistical data on annual car sales in the US for the period 1951-2022. The results of the study consist of a microeconometric model for the analysis of the evolution over time of annual car sales after World War II in the US, with a focus on the economic crises that occurred during the period under analysis.

Suggested Citation

  • Anamaria-Geanina Macovei, 2023. "The Influence Of Financial Crises On The American Auto Industry," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 11(2), pages 160-165, June.
    • Handle: RePEc:scm:ejafbu:v:11:y:2023:i:2:p:160-165
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