Auto Parts Industry

29258 Words Jan 3rd, 2013 118 Pages
On the Road: U.S. Automotive Parts Industry Annual Assessment

Office of Transportation and Machinery U.S. Department of Commerce 2011

Table of Contents Tables and Charts Index Executive Summary Introduction Automotive Parts Sector Definitions Overview of Market Conditions
Economic Indicators

2 3 4 4 5 8 9 9 11 13 15 17 17 18 18 19 22 26 28 29 30 32 33 35

Automotive Parts Markets
Original Equipment Aftermarket Remanufacturing

Employment Trends Leading Industry Stories
Visteon Bankruptcy Comes to an End

Other Industry Developments
Counterfeiting Alternative Fuels Advanced Technologies In-Vehicle Electronics, Engineering, Safety, and New Technologies

International Developments and Trade
China Japan South Korea
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Still, automotive parts suppliers and automakers face another couple difficult years and most analysts don’t see the automotive market improving significantly until 2012. International U.S. automotive parts exports increased 36.2 percent to $58.1 billion in 2010 compared to $42.7 billion in 2009. Most of the exports (84 percent) went to Canada, Mexico, European Union 151 (EU-15), and Japan in 2010. Automotive parts imports were $90.9 billion in 2010, up 44.3 percent from $63 billion in 2009. Mexico, Canada, Japan, Germany, and China combined accounted for $71 billion, or 78 percent of total U.S. imports of automotive parts. Specifically, imports from China increased 35 percent from 2009 to $10 billion in 2010. The overall U.S. automotive parts trade deficit in 2010 was $32.8 billion, up 61.3 percent from 2009 levels.

The European Union 15 countries are Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, the United Kingdom, Austria, Finland, and Sweden.

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International Trade Administration/Manufacturing and Services/Office of Transportation and Machinery

Introduction Automotive parts consumption is linked to the demand for new vehicles, since roughly 70 percent of U.S. automotive parts production is for Original Equipment (OE) products. The remaining
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