The market value of the automobile industry has been increasing over the period of time due to the level of profits being enjoyed by the companies operating in the industry and the expansion of the industry to the regions of Far East Asia,Australia, and regions of Africa as well as the Americas.
The high level of productivity in the Far East Asian companies specifically those of Japanese, Chinese and Korean origin have also greatly contributed to the valuation of the industry on a global scale. In the year 2007 the automobile industry grew by a percentage of 3.5 with a resultant overall value of 1,209.1 billion dollars. The rate of increase on a periodic basis however has decreased from 4.3 percent in 2003 and 4.8 percent on 2005 to 3.5 percent in 2007.
The market volume in terms of produced vehicles and their sale has also increased for the year 2007 by 6.4 percent. This is a significant increase form 5.2 percent as recorded in 2003. The total volume recorded in terms of units stood at 86.2 million units in 2007
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