Business, Legal & Accounting Glossary
Autonomics refers to the economic conditions currently surrounding the automobile industry, mainly in the United States, but also worldwide.
The economics of the automotive industry in the US is starting to change with the current manufacturers in financial turmoil. GM is on the brink of failure, and Chrysler and Ford are struggling.
The US automotive industry is highly consolidated, with just a few (4-5) manufacturers controlling the majority of the market. This can be contrasted with the fact that at one time, in the US, there were more than 1,800 manufacturers.
Some of the macroeconomic drivers behind autonomics are:
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This glossary post was last updated: 29th March, 2020 | 2 Views.