There have many industry trends in the automotive industry. Well there has definitely been a switch of roles. Cars used to mainly focus on luxury. So they put their money into manufacturing vehicles that were luxurious. Cars that looked good and made the driver feel powerful, were the cars that were being produced. Today, manufacturers are more focused on saving the earth. Money is being invested more so in cars that are fuel efficient and also cars that are more safe. The auto industry is an industry that has to meet the needs of the consumers. Consumers want to feel safe when driving. They also don't want to have to spend a lot of money on gas.
Recently we have seen poor judgement in the US auto industry with the government having to bailout Ford, Chrysler and GM. I feel like sometimes these companies do not make smart decisions or good judgement when predicting future sales.
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