• In order to make affordable automobiles for general buyers despite the increasing cost of manufacturing, the automobile industry is continuously under pressure of the Government. As a big revenue generator of the Government, it is hard for automobile manufactures to remain competitive globally. Trading cars in different countries of the world, Automobile companies have to be aware of the distinctive political patters to maintain a healthy and safe business operations. Also, the climate change agenda, such as the Environment Protection laws, made strict emission levels for manufactures when producing vehicles, which forced the whole automobile industry to pay attention on “Go Green.”
Economic:
• Automobile companies is highly depended on …show more content…
Also, the culture of automobile changed greatly, from the production for upper class to the daily essentials for everybody in the society, and thousands of people in the world are related to automobile business. Moreover, with the rapid aging populations, consumers with large number of savings turned to spend money on purchasing fancy cars. Instead associating the product with environmental concerns, some consumers these days use vehicles to judge other people’s social …show more content…
Without the government’s approval, manufactures could not control the price themselves, which increased the difficulty of operating the business in different countries. Other regulations about environmental, product standard (For example, the U.S. National Institute of Standards and Technology and the Federal Energy Regulatory Commission on future smart-grid standards.) and design, and manufacture challenged the automobile industry all the times as well.
After finished PESTEL analysis, I consider Economic, Social Culture and Ecological forces as the most relevant for a manufacturer of alternative fuel vehicles. Without careful planning or strategies toward these three forces, it is hard for a automobile company to maintain its competitive advantage and survive in the
Economic:
• Automobile companies is highly depended on …show more content…
Also, the culture of automobile changed greatly, from the production for upper class to the daily essentials for everybody in the society, and thousands of people in the world are related to automobile business. Moreover, with the rapid aging populations, consumers with large number of savings turned to spend money on purchasing fancy cars. Instead associating the product with environmental concerns, some consumers these days use vehicles to judge other people’s social …show more content…
Without the government’s approval, manufactures could not control the price themselves, which increased the difficulty of operating the business in different countries. Other regulations about environmental, product standard (For example, the U.S. National Institute of Standards and Technology and the Federal Energy Regulatory Commission on future smart-grid standards.) and design, and manufacture challenged the automobile industry all the times as well.
After finished PESTEL analysis, I consider Economic, Social Culture and Ecological forces as the most relevant for a manufacturer of alternative fuel vehicles. Without careful planning or strategies toward these three forces, it is hard for a automobile company to maintain its competitive advantage and survive in the