A REVIEW OF RECENT DEVELOPMENTS IN THE U.S. AUTOMOBILE INDUSTRY INCLUDING AN ASSESSMENT OF THE JAPANESE VOLUNTARY RESTRAINT AGREEMENTS
Many developments influenced the U.S. automobile industry during 1981-84, including changes in consumer demand, fluctuations in gasoline prices, and increasing development of joint venture arrangements between U.S. and foreign auto companies. The effect on the domestic auto industry of any one of these developments is not easily isolated. However, of the factors influencing the industry during this period, the principal events were the initiation of the voluntary restraint agreement (VRA) with Japan, that became effective on April 1, 1981, and the development of smaller automobiles (downsizing) by U.S. manufacturers that were designed to compete with such cars imported from Japan. This paper reviews developments in the U.S. automobile industry in recent years and attempts to quantify the effects of the VRA on the U.S. automobile industry, employment, and consumers during 1981-84. The analysis by the staff of the U.S. International Trade Commission for this paper drew on the results of recent economic research by Data Resources, Inc. (DRI) and other independent economic analyses.
- Preliminary Report to the Subcommittee on Trade, Committee on Ways and Means, of the U.S. House of Representatives in connection with Investigation No. 332-188.
United States International Trade CommissionOffice of the Secretary
Washington, DC United States 20436
- Publication Date: 1985-2
- Features: Appendices; Figures; Tables;
- Pagination: 50 p.
- TRT Terms: Automobile industry; Compact automobiles; Competition; Consumers; Demand; Economic analysis; Employment; Federal government; Foreign automobiles; Imports
- Geographic Terms: Japan; United States
- Old TRIS Terms: Foreign vehicles; Small car; Voluntary restraint agreement
- Subject Areas: Economics; Safety and Human Factors; Vehicles and Equipment;
- Accession Number: 00399347
- Record Type: Publication
- Source Agency: National Highway Traffic Safety Administration
- Report/Paper Numbers: USITC 1648, HS-038 320
- Files: HSL, USDOT
- Created Date: Sep 30 1985 12:00AM