Foreign Competition in the Automobile Industry

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Foreign Competition: Freedom in a Market or Distress From Abroad? In a capitalistic country with a free market, foreign competition is expected. This is no exception for the automobile industry where America competes with its various rivals. Competition from elsewhere encompasses that from Italy, Germany, and of course, the renowned Japan. The Japanese vehicle industry is especially competitive; according to the Automotive News Data Center, five out of the ten best selling vehicles of the year are Japanese vehicles. This data applies to the U.S. market over the first 9 months of the year. Expectedly, the automobile industry is an important and significant market. Motor vehicles are a major form of transportation as many people in the U.S. own at least one car. “Best Selling Car in America”: this is the claim Toyota has made regarding its popular model, the Camry. Indeed, “The Toyota Camry remains the top-selling passenger car in America” (Stern et al., par. 2). This has remained true during the last 4 years and throughout the last 8 of 9 years. It has sold 340,905 units during the initial 9 months. Of the above images, the car on the left would be the Camry. We see it resting on pavement while vegetation grows in the background. Overall, it comes in at no. 3 on the top ten list. The image on the right is the Toyota Corolla. The automobile sits on an elevated, mountainous region. “The Corolla is Toyota’s compact sedan that has been sold in the U.S. since 1969 and is consistently one of the best-selling cars in the world” (Stern et al., par. 1). The Corolla ranks in at no. 8 with 216,934 units sold. Although not no. 1 as the best selling passenger car, the Honda Accord still comes in at a creditable no. 2. ... ... middle of paper ... ... Stern, Perry, et al. “2007 Toyota Camry.” MSN.com. 2006. MSN Autos. 11 Nov. 2006 . Stern, Perry, et al. “2007 Toyota Corolla.” MSN.com. 2006. MSN Autos. 11 Nov. 2006 . “Top 10 Best-Selling Hybrids of 2006.” Edmund’s.com. 2006. Edmunds.com. 12 Nov. 2006 . Toyota Camry. Advertisement. MSN Autos. 2006. 12 Nov. 2006 . Toyota Corolla. Advertisement. MSN Autos. 2006. 12 Nov. 2006 .

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