ReviewsOnLine is expanding its coverage into the automotive sector to provide our readership additional insights into these two important global industry sectors.
Worldwide, the automotive industry sells about 50 million new vehicles each year. In the United States, vehicle and parts industry revenues are projected to be worth nearly $500 billion in 1998. For comparison, revenues on the rapidly growing technology side amount to: software $21 billion (with huge gross margins), computer peripherals $30 billion, electronics/semiconductors $48 billion, computers and office equipment $230 billion (with thin gross margins).
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The Editors at ReviewsOnLine Auto
Dated: February 1999