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Chicago Fed Letter, No. 159, November 2000
Structural Change and Cyclicality of the Auto Industry

The auto industry is quite concentrated geographically, with the Seventh District being home to about 37% of the industry’s light vehicle output. The industry is also known for being highly cyclical, a characteristic it shares with most other durable goods industries. However, during the last decade or so, the auto sector has undergone a number of structural changes. This Chicago Fed Letter identifies these changes and discusses how they might affect the industry’s and possibly the region’s response to a slowdown in economic activity.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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