Autos Drive America and the American International Automobile Dealers Association (AIADA) today released their 2024 Economic Impact Report underscoring the financial commitment and contributions made by international automakers and nameplate dealers across the U.S.
This year’s report shows that in 2023, for the first time, international automakers in the United States out-produced the Detroit-3 automakers. Last year, Autos Drive America’s members produced 4.9 million light vehicles in the U.S., compared to 4.6 million produced by the Detroit-3 in the same time period.
“International automakers have made the United States their home, with $109 billion invested in U.S. operations,” says Jennifer Safavian, President and CEO of Autos Drive America. “Because of their quality vehicles, the support of their communities, and the dedication of their talented workforce, they now produce more cars than the Detroit automakers: a testament to their commitment to their U.S. operations. This year’s report makes clear that international automakers are driving economic growth throughout the country and helping to usher in a new chapter of U.S. manufacturing.”
More findings in the 2024 report include:
According to the 2024 Economic Impact Report, international automakers contributed $328 billion to the U.S. gross domestic product in 2023.
In 2023, international automakers directly employed 156,000 Americans, of which 102,600 jobs were in manufacturing. Autos Drive America’s member companies continue to invest in their talented and dedicated workforce: last year, they offered 337 workforce development programs, with more than three-quarters of those programs aimed at reskilling or upskilling their workforce. In 2023, total employee compensation reached $191 billion.
“At AIADA, we publish this report annually as an important reminder that America’s more than 9,400 so-called “foreign” dealerships are vital contributors to our nation’s economic health and development,” said Cody Lusk, AIADA President and CEO. “Every day, I see firsthand the many ways in which international nameplate dealers serve their customers, create jobs, and establish themselves as economic engines for their communities. The continued growth and success of these dealerships, as detailed within this report, is a reminder that with a level playing field, superior products, pricing, and service will always rise to the top.
About the Economic Impact Report
The annual Economic Impact Report aims to educate policymakers and the public on today’s U.S. auto industry and the growing economic footprint international automakers and dealers have across the country. The automobile manufacturers participating in the 2024 Autos Drive America and AIADA Economic Impact Survey were BMW Group, Honda, Hyundai, KIA, Mazda, Mercedes-Benz, Mitsubishi Motors, Nissan, Subaru, Toyota, Volkswagen Group of America, and Volvo Cars. Sales data represents new vehicle registrations in the United States in 2022 for Acura, Alfa Romeo, Aston Martin, Audi, Bentley, BMW, Bugatti, Ferrari, Fiat, Honda, Hyundai, Genesis, Infiniti, Jaguar, KIA, Karma, Lamborghini, Land Rover, Lexus, Lotus, Maserati, Mazda, McLaren, Mercedes-Benz, MINI, Mitsubishi Motors, Nissan, Polestar, Porsche, Rolls-Royce, Subaru, Toyota, Volkswagen, and Volvo Cars.
About Autos Drive America
Autos Drive America represents the U.S. operations of international motor vehicle manufacturers integral to America’s workforce, communities, and economy. As the voice of international automakers in the United States, Autos Drive America works closely with policymakers at all levels of government to advance policies that promote jobs, trade, and growth in the U.S. automotive industry. Learn more at www.autosdriveamerica.org.
