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Main Article: Automobiles (Global Market)
2024
Car imports by $205 billion exceed exports
U.S. Auto Trade 2024:
- Exports: $104 billion
- Import: $309 billion
- Deficit: $205 billion
In 2024, the volume of US auto trade amounted to $414 billion, including $104 billion in exports and $309 billion in imports, which led to a trade deficit of $205 billion.
Between 2014 and 2024, imports increased by 41%, which contributed to a 77% increase in the trade deficit, Bloomberg wrote.
15 thousand car dealers in the United States have not been able to work for some day due to a cyber attack. They switched to paper document management
At the end of June 2024, American car dealers faced massive disruptions in the operation of IT systems due to a cyber attack. Some companies had to switch to paper document management, while others had difficulty transferring vehicles to buyers. Read more here
Notes
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