FACTS AND FIGURES ABOUT THE US MARKET FOR GERMAN CARS
Submitted by christian on Tue, 06/05/2018 - 15:16
- The U.S. market represents the first destination market for European exports of cars. This trade totaled € 38 billion in 2016. The value of German car exports to the US amounted to € 22 billion in 2016.
- Of the 1.3 million German cars sold in the US, more than 800,000 were made on American soil. German carmakers — including BMW and Daimler made some 854,000 vehicles in the U.S. in 2016, That marks a four-fold increase on the 214,000 produced in the country in 2009
- 38% of cars produced in the US by German companies are sold in the US, with the rest exported to mostly Asian and European markets.
- 265 plants are owned by German carmakers and automotive parts manufacturers and they have created 110,000 jobs. Half of those jobs depend on the export business.
- BMW: BMW’s largest plant in the world is based in Spartanburg, South Carolina, and export cars from the US to other countries. The plant produces about 34,000 cars a month, 26,000 of which are sold in the United States. The upshot: By exporting more finished vehicles from the United States than it imports to the United States, BMW may be helping to lower America’s trade deficit. BMW produces 19 put of 28 models outside the US.
- Daimler: Daimler makes Mercedes-Benz cars and vans in Tuscaloosa, Alabama and Charleston, South Carolina. Daimler’s passenger cars are shipped from the US around the globe. Daimler also produces trucks in several US locations and sells them under the brands Freightliner, Western Star and Thomas Built Buses. At the Mercedes-Benz plant in Tuscaloosa, Alabama, American workers produced more than 300,000 vehicles in 2016, around 25,000 per month. Daimler completed a $ 1.3 billion expansion of the plant, adding 300 jobs to the 3,800 full-time positions already here. Mercedes-Benz produces 16 out of 20 models outside the US.
- VW operates a factory in Chattanooga, Tennessee which makes the Passat and Atlas SUV. VW sells around 27,000 cars per month in the US. It employs 12,500 workers at the Chattanooga plant, providing $ 12 billion in income growth and $ 1.4 billion in tax revenue to Tennessee. VW’s luxury subsidiaries Audi and Porsche do not produce cars in the US. VW produces 19 out of 22 models outside the US.
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