More than 5,000 credentialed journalists from 60+ countries will come to Metro Detroit and attend the North American International Auto Show (NAIAS) this year, exposing our automakers and suppliers at the NAIAS to greater global visibility.
Macomb County has established itself as a premier location for the resurgence of the U.S. automotive industry. Last year, the county ranked third in the nation for manufacturing job growth. As the NAIAS is set to take place this month at the freshly renovated Cobo Convention Center, there is reason to celebrate.
Since 2010, through 109 separate investments greater than $1 million, the auto industry has invested more than $5.3 billion in Macomb County. These investments and commitments made in Macomb County are paying dividends for the automakers. U.S. new-car sales continued showing growth December resulting in automakers reporting their highest annual sales ever, speeding past the previous record that was set before the recession began back in 2000.
These refinements in facilities and operations have led to substantial gains in new car sales. This past year, U.S. automakers reported their highest annual sales ever, speeding past previous records that were set back in 2000. Industry analysts estimate 17.5 million vehicles were sold in 2015, surpassing the 2000 record of 17.4 million. General Motors sold 3,082,366 vehicles, for a 5 percent gain. Fiat Chrysler posted a 12.6 percent annual gain to 2,200,834, pushing their sales gain streak to 69 straight months. Ford Motor Co. also reported their best December and sold 2,603,062 vehicles in 2015.
The “Big Three” (Ford, GM, Chrysler) employ more than 35,000 individuals within Macomb County, operating 10 facilities totaling more than 25 million square feet. Overall, in Macomb County the automotive industry is made up of nearly 500 companies that employ more than 44,000 individuals.
Not only are volumes increasing, but so are car prices. According to Kelley Blue Book, estimates for the average transaction climbed $297 (0.9%) from 2014 values to $34,428.
It’s not just the “Big Three” that are on display. Many of Macomb County’s automotive companies are celebrating the event. Axalta Coating Systems of Mount Clemens, a leading global supplier of liquid and powder coatings, is the presenting sponsor of the NAIAS Charity Preview, which is consistently the largest single-night fundraiser in the United States.
At the 2015 show, 55 vehicles made their worldwide debut, bringing the total to 1,467 premieres since the show began back in 1984. As show attendance continues to grow and U.S. auto sales are expected to break their all-time annual record, the 2016 event is expected to be a massive celebration of the automotive industry.
If you have never been, this is a great year to check it out. Even the Detroit Tigers will be on hand to marvel at our region’s innovation!
Nick Posavetz is a Senior Planner for Macomb County, often providing content for the Macomb Business & Make Macomb Your Home websites and associated social media accounts. If you have something you’d like to feature, reach out to him at email@example.com.