For example, policies on trade can limit industry performance and the company’s revenues. Influences of political factors on car industry… Factors affecting the Automotive Industry (PEST Analysis) 1) Political factors Political factors may also include goods and services which the government wants to provide or be provided and those that the government does not want to be provided. Industry Environment PEST analysis of any industry sector investigates the important factors that are affecting the industry and influencing the companies operating in that sector. Economic Factor Affecting Automobile Sector. When governments raise taxes of automobiles, fewer consumers are willing to spend on them. There are also many research and development centers where new technologically savvy innovations are designed. Automobiles have been around for more than 150 years, but it’s only within recent years that we’ve noticed the scary Environmental ramifications of the automotive industry. Trust us, we will not disappoint! Law and legal factors are now also as relevant as political factors for automobile businesses. There are countries which restrict automobile importation. This type of analysis is used to determine the major gaps and weaknesses that a particular industry may have and how companies can deal with these challenges. Other Environment factors include Political, Legal, Economic, Socio culture factors etc. According to CSM Worldwide, an automotive research firm, in 2004 the estimated automotive industry global production capacity for light vehicles (about 74 million units) significantly exceeded global production of cars and trucks (about 60 million units). The probable factors that affect the automobile industry are: Laws and regulations had affected the automobile industry since its … Some clients prefer vehicles which are cheaper and consume less fuel while others look at the speed of a vehicle. After Saudi Arabia, UAE is the second largest automobile Industry in the GCC. The Political Climate of the U.S. Auto Industry 2016 was a great year for the U.S. auto industry. Almost all cars, motorcycles, and buses are powered by fossil fuels such as petroleum and diesel, which produce a number of environmental pollutants when burnt. A PESTEL analysis. The team comprises of essay writers who can handle any type of assignment that you are in need of. Having freelanced for years, Thomas has appeared on various online publications numerous times, but recently set up his own website 'TalkSupplement' about the world of sports nutrition. Why Choose Us. So, do not be anxious about asking for assistance with your homework. It’s uncommon to hear about legal showdowns in the automotive space, but they do happen. This means that we understand and are professionals at academic writing help. It was only in the 1980s that wearing seat belts became a requirement; similarly, it took lower-end automotive brands until the early 2000s to begin rolling out airbags across their models. Economic Factor Affecting Automobile Sector. Another global issue affecting GM and the entire automobile industry is the increased concerns of global warming. This is especially true in developing regions — such as some African states — where recent economic developments have only now made it possible for poorer households to afford their own car. It’s becoming commonplace for families around the world to own one or more motor vehicles; in fact, owning one or more motor vehicles is already the norm in developed countries such as the United States, Canada, and much of the European Union. In this model we analyze the impact of Political , Economical, Social, Technological,Environmental,Legal factors on UK automobile industry. PEST is an acronym for political, economic, social and technological analysis. The probable factors that affect the automobile industry are: Laws and regulations had affected the automobile industry since its outburst. You’ve got to wonder: will the market for motor vehicles survive with all this tension? We have Nano to the world it got discontinued due to low sales!!! In the automobile industry, economic growth in any automobile producing country is perceived as a plus for the industry. Economic Factors Affecting Automobile Sector. For example, Chinese brand Geely has created some oddly similar copies of the Rolls Royce Phantom, resulting in some conflict. This makes it more difficult to launch a new business in the automotive space, helping existing brands to maintain their place in the market. Macroenvironmental Factors Affecting Automobile Industry - Presentation Transcript 1. Here’s the pestle analysis of banking industry; Political Factors Affecting the Banking Sector Govt. 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