Many of the changes occurring in the automotive market at this time, including tightened credit markets in a capital-intensive industry and elevated government involvement are the newest world challenges. Many small enterprise owners work in the automobile trade. Some homeowners open up their own used automobile dealership. Others work with dealerships to maintain autos reminiscent of dent repair, interior restore, and custom physique paint. Some business house owners work with automobile equipment. Accessories can also be a giant industry because it includes automotive stereos, customized components, and designer seats.
The period from 1919 to 1939 additionally brought vital growth in automobile manufacturing in Europe, although on a significantly smaller scale than within the United States. The European industry was shifting in the same directions because the American business, toward a mass marketplace for motor automobiles, however it made slower progress for a variety of causes: decrease living standards with much … Read More