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Research Memo: The Impact of the U.S. Economy of a Major Contraction of the Detroit Three Automakers

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Center for Automotive Research (CAR) – The Impact of the U.S. Economy of a Major Contraction of the Detroit Three Automakers, by David Cole, Ph.D., Chairman, Sean McAlinden, Ph.D., Vice President for Research, Kristin Dziczek, Senior Project Manager, Debra Maranger Menk, Project Manager, November 4, 2008

  • “The automotive industry has long been, and continues to be, one of the most important sectors in the U.S. economy. The motor vehicle and parts industries employed 732,800 workers directly as of September, 2008, and the Detroit Three employed 239,341 hourly
    and salary workers in the United States at the end of 2007. The international producers employed roughly 113,000 people in the United States at that time. The auto industry has one of the largest economic multipliers of any sector of the U.S. economy, and is
    sufficiently large that its growth or contraction can be detected in changes in the U.S. Gross Domestic Product. In many states, employment in automotive and automotive parts manufacturing ranks among the top three manufacturing industries. The purpose of this memo is to estimate the economic impact—in terms of jobs, compensation and tax revenues—of a major contraction involving one or more of the Detroit Three automakers.”

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