By one estimate, the US Auto Industry contributes 500 billion dollars to US GDP. The US GDP is 13 trillion dollars so the auto industry makes up about 4% of the US economy. That's huge! It is clear that if we all got together to buy a US car we could seriously impact the US economy in a positive way and generate jobs.
"Some private industries are integral to long-term national financial viability. The Detroit car industry—like our aircraft manufacturing capacity—falls into this category," says Bloomberg Business Week.
Some facts about the US auto industry....
- The American auto industry supports 3 million jobs including auto dealers, parts suppliers and of course assemblers.
- American car manufacturers spend billions of dollars on plant equipment and research and development every year directly contributing to jobs in other industries.
- Car manufacturers are important to national security.
- Manufacturing is the single biggest contributor to national economic activity and auto manufacturing is the biggest part of US manufacturing.
Ford on the other hand, never took a dime from the government and is positioned better than ever to succeed. They renegotiated the contracts with their unions and will be solidly profitable even in hard times. They have great new small fuel efficient cars like the Focus and they still make the #1 selling pickup in the United States the F150. Their quality has improved greatly and is even better than Toyota's now in some surveys.
The best way to support the US Auto industry is to buy an American car made in the USA. You might ask, "wait aren't all American cars made in the USA?" Surprisingly, the answer is no, there are many American cars made in Canada and Mexico. Car companies moved some of their manufacturing there because wages are lower and unions are weaker. In order to support the American worker, it is best to buy an American car assembled in America and avoid those cars assembled in Mexico, Canada and elsewhere.
Here are all the American cars assembled in the USA according to www.howtobuyamerican.com
Chrysler- Chrysler Sebring, Dodge Avenger, Dodge Calibur, Dodge Dakota, Dodge Nitro, Jeep Compass, Jeep Grand Cherokee, Jeep Liberty, Jeep Patriot, Jeep Wrangler, Dodge Ram
GM- Cadillac CTS, DTS, STS, Escalade, Chevy Corvette, Cruze, Colorado, Express, Malibu, Silverado, Suburban, Tahoe, Tahoe hybrid, Traverse, GMC Acadia, Canyon, Savana, Sierra, Yukon.
Ford- Ford Econoline, Escape, Escape Hybrid, Expedition, Explorer, F150, F250, Focus, Mustang, Ranger, Shelby GT500, Taurus, Lincoln MKS and Navigator.
Even some foreign cars are assembled here in USA however, they generally do not use too many American parts.
BMW- X3, X5, X5M, X6, X6 M, X6 hybrid
Honda- Acura RDX, Acura TL, Honda Accord, Accord (Crosstour), Civic Sedans, CR-V, Element, Odyssey, Pilot and Ridgeline
Hyundai- Hyundai Santa Fe and Sonata
Kia- Kia Sorrento
Mazda- Mazda 6, Mazda Tribute, Mazda Tribute hybrid
Mercedes-Benz- Mercedes GL-class, M-class, R-class
Mitsubishi- Eclipse, Eclipse Spyder, Edeavour, Galant
Nissan- Altima, Armada, Frontier, Maxima, Pathfinder, Titan, Xterra
Subaru- Legacy, Outback, Tribeca, Equator
Toyota- Avalon, Camry, Camry hybrid, Highlander, Sequoia, Sienna, Tacoma, Tundra and Venza
Here are cars that are not assembled in America and could be avoided(although buying the American ones still support America)
Assembled in Canada- Acura MDX, ZDX, Chevy Camaro, Equinox, Impala, Chrysler 300, Town & Country, Dodge Challenger, Charger, Grand Caravan, Ford Flex, Edge, GMC Terrain, Honda Civic Sedan, Civic Coupe, Civic Coupe Si, Lexus RX 350, Lincoln MKT, MKX, Toyota Corolla, Matrix, Volkswagen Routan
Assembled in Mexico- Cadillac Escalade EXT, SRX, Chevrolet Avalanche, Aveo, HHR, Silverado, Silverado hybrid, Dodge Journey, Ford Fiesta, Fusion, Fusion hybrid, GMC Sierra, Sierra hybrid, Sierra crew cab, Honda CR-V, Lincoln MKZ, MKZ hybrid, Nissan Sentra, Versa, Dodge Ram 2500, 3500, 4500, 5500, Toyota Tacoma(made in USA as well), Volkswagen Jetta, Jetta sportswagon.
While this list is by no means comprehensive, it can give you a reference to go by once you decide to purchase your American car. To get the most bang for your buck when trying to support the US economy it's best to buy American cars assembled in America. Second best would be to buy foreign cars made in America. To fight the war on the Great Recession we need to buy more American made goods and support American manufacturing! More later...