From Tail Fins to Hybrids: How Detroit Lost its Dominance of the U.S. Auto Market

16 Pages Posted: 21 May 2009

See all articles by Thomas Klier

Thomas Klier

Federal Reserve Bank of Chicago

Date Written: May 18, 2009

Abstract

This article explores the decline of the Detroit Three (Chrysler, Ford, and General Motors). The author identifies three distinct phases of the decline—the mid-1950s to 1980, 1980 to 1996, and 1996 to 2008—culminating in the bankruptcy of Chrysler in early 2009. In showing how the U.S. auto industry has evolved since the mid-1950s, this article provides a historical frame of reference for the ongoing debate about the future of this industry.

Keywords: auto industry, Detroit Three, market share decline, Market Structure, Firm Strategy, and Market Performance, Automobiles, Other Transportation Equipment

Suggested Citation

Klier, Thomas, From Tail Fins to Hybrids: How Detroit Lost its Dominance of the U.S. Auto Market (May 18, 2009). Economic Perspectives, Vol. 33, No. 2, 2009. Available at SSRN: https://ssrn.com/abstract=1406550

Thomas Klier (Contact Author)

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604-1413
United States

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