AUTOMOTIVE

The automotive industry encompasses diverse businesses involved in designing, developing, manufacturing, marketing, and selling automobiles, ranking among the world's most profitable sectors.

The term "automotive" originates from the Greek "autos" (self) and the Latin "motivus" (of motion), referring to any self-powered vehicle. In the 1860s, the horseless carriage pioneers led the way, marking the inception of the automobile industry.

The United States dominated global vehicle production before the Great Depression, accounting for over 90% of the 32,028,500 cars in use worldwide. Post-1945, the U.S. contributed over 75% of the world's vehicle output. Japan surpassed the U.S. in 1980 but reclaimed the lead in 1994. China took the lead in 2009, producing 13.8 million units.

In 2012, China produced 19.3 million units, nearly quadrupling the U.S. output, while Japan ranked third with 9.9 million units. The U.S. witnessed a surge in vehicle models from 140 in 1970 to 684 in 2012.

Explore the dynamic landscape of the automotive industry, its historical shifts, and current global leaders. Discover more about the evolution of vehicles and industry dynamics.

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