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Spot delivery (or spot financing) is a term used in the automobile industry that means delivery a vehicle to a buyer prior to financing on the vehicle being completed. [6] Spot delivery is used by dealerships on the weekend or after bank hours to be able to deliver a vehicle when a final approval cannot be received from a bank. [6]
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. [ 1 ] [ 2 ] It is one of the world's largest industries by revenue (from 16% such as in France up to 40% to countries such as Slovakia).
The United States was the first country in the world to have a mass market for vehicle production and sales and is a pioneer of the automotive industry [1] and mass market production process. [ 2 ] [ 3 ] During the 20th century, global competitors emerged, especially in the second half of the century primarily across European and Asian markets ...
The means of production is as a " ... For example, an automobile is a consumer good when purchased as a private car. ... In an industry where production equipment and ...
The 2008–2010 automotive industry crisis formed part of the 2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade ...
The auto industry is a key component of the U.S. economy. Economists used 2007–2008 data to build estimates of what a shutdown would cost in summer 2008, in order to set benchmarks to help policy makers understand the impact of bankruptcies. Such estimates were widely discussed among policy makers in late 2008. [40]
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The automobile industry in the Philippines has struggled due to the COVID-19 pandemic. Even before the pandemic, sales were greatly affected due to the 2020 Taal Volcano eruption. Although sales are recovering, the local automobile industry's monthly average sales performance is still way below the figures.