The Ford F-Series features a rich history. Debuted, the vehicle was the best-selling car in the usa. As an element of its launch associated with brand new F-150 (the 14th version regarding the iconic vehicle), Ford commissioned BCG to guage the importance of the F-Series and Ford towards the United States economy. Especially, BCG attempted to respond to the after concerns:
- How exactly does the F-Series compare in dimensions and effect to its competitors as well as other consumer that is recognizable?
- Exactly exactly just How have actually the F-Series and Ford contributed to US work and GDP?
- What’s the present and historical US manufacturing existence of Ford as well as the F-Series?
Appeal
The F-Series could be the vehicle that is best-selling the usa together with best-selling vehicle globally. As the utmost commonly utilized automobile in 39 of 50 states, the F-Series has 16.6 million vehicles on the highway, representing about 6% of most cars in procedure in the usa. The F-Series can be the essential popular vehicle in 75% of commercial vocations.
Whenever comes up the essential consumer that is popular in america, a truck might not spring to mind, however the F-Series ranks included in this. Its income is higher than numerous familiar services and products and brands, all customer devices, and Disney’s entire international experiences section. The F-Series yields more income compared to the major recreations leagues in the usa combined and surpasses compared to numerous Fortune 100 organizations, including Nike, Coca-Cola, Netflix, and Tesla.
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Our report additionally details the significance of the F-Series into the United States workforce. According to our analysis, F-Series vehicles are employed by and help as much as 13 million Americans — representing 8% associated with United States work force — within their day-to-day work.
ECONOMIC INFLUENCE
Our methodology evaluates direct effect through US-based work figures being owing to the F-Series and Ford, as well as through business expenses. we’ve analyzed the indirect effect of Ford as well as its F-Series through US supplier expenditures, dealer presence, and downstream ripple effects, including jobs caused by Ford employee investing in neighborhood communities. In the greatest degree, we’ve identified the after key metrics:
- F-Series. F-Series production contributes roughly $49 billion to US GDP. In addition, F-Series production is in charge of around 500,000 US jobs. Each f-Series that are direct supports yet another 13 to 14 US jobs, like those present in dealerships and regional communities around Ford and provider facilities.
- Ford. Ford’s US activities contribute roughly $100 billion to United States GDP through companies, dealers, and different community industries.
Approximately 1 million jobs are owing to the ongoing company’s US operations, meaning 11 to 12 jobs are fast payday loan Virginia supported for virtually any Ford worker.
PRODUCTION PRESENCE
Ford has a bigger production impact in america than other automaker. The business is in charge of one out of five cars put together domestically as well as for a lot more than two times as numerous pickups that are full-size any one of its rivals.
These effects and many other things are detailed inside our report that is full on F-Series.
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