PricingPricing in the Automotive IndustryIndustries

Marc Helmold
Additional contact information
Marc Helmold: IUBH International University

Chapter 11 in Total Revenue Management (TRM), 2020, pp 107-113 from Springer

Abstract: Abstract The automotive industry is one of the most important industries in the Europe Union. This industry sector provides direct and indirect jobs to 13.8 million Europeans, representing 6.1 percent of the total EU employment. 2.6 million people work in direct manufacturing of motor vehicles, representing 8.5 percent of EU employment in manufacturing. The EU is among the world’s biggest producers of motor vehicles, and the sector represents the largest private investor in research and development (R&D). To strengthen the competitiveness of the EU automotive industry and preserve its global technological leadership, the European Commission supports global technological harmonization and provides funding for research and development (R&D). The automotive industry has an important multiplier effect in the economy. It is important for upstream industries such as steel, chemicals and textiles, as well as downstream industries such as information and communications technology (ICT), repair and mobility services. Around 13.8 million people work in the EU automotive sector. Manufacturing (direct and indirect) accounts for 3.5 million jobs, sales and maintenance for 4.5 million and transport for 5.1 million. The turnover generated by the automotive industry represents over 7 percent of EU GDP. Eighty percent of the growth in the sector is expected to occur outside the EU. The EU’s efforts should focus on concluding and enforcing preferential trade and investment agreements. These will make it easier for European companies to access third markets and continue benefiting from economies of scale (European Commission 2020). Figure 11.1 displays the largest car makers in the industry in Europe. The Volkswagen Group is the largest maker, followed by the PSA and Renault groups.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-46985-6_11

Ordering information: This item can be ordered from
http://www.springer.com/9783030469856

DOI: 10.1007/978-3-030-46985-6_11

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().