A Peek at the History and Latest Trends in the American Auto Industry [INFOGRAPHIC]

Last updated 5 months ago

The auto industry has revolutionized the American lifestyle, and modern vehicles provide much more than simple A to B transportation. The number of registered vehicles on the road has multiplied one thousand-fold since the first Model T was developed in 1908, and now vehicles are more efficient, more powerful, and safer than ever.

It’s no secret that a new car is a significant investment, but it may come as a surprise that the average American family spends over 17 percent of their annual budget on new car purchases and maintenance costs. Check out this infographic from Palm Auto Mall of Charlotte County, FL for insight into the American auto industry.