Automobile Industries And The Automobile Industry Essay example
• Automobile companies is highly depended on economic conditions. Changes in disposable income, oil prices, exchanges rates, taxation and the overall economic growth around the world would make great impaction on the automobile industries. Economic crises dramatically affected the sales of automobiles, especially in the developed countries. In the case, it demonstrated that the decrease in the oil (gas) prices would lead less people buy electric cars, which the demand of different types of automobiles are closed related to the economic factors.
• Social factors in the automobile industry usually are related to the efficiency of traveling, increasing the environmental concerns, and having an attitude toward eco-friendly. Also, the culture of automobile changed greatly,…