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October BLOOMINGTON, Ill., Oct 2 /PRNewswire/ -- State Farm Mutual Automobile Insurance Company is the new national weekly sponsor of Sabadoand more than 1.7 million bank accounts. State Farm Mutual Automobile Insurance Company is the ...more
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Automobile industry is advancing rapidly on a worldwide basis. The growth of automobile industry is directly related to the growth of automobile accessories industry and automotive parts industry. Studies have shown that in the recent past, the growth rate of automobile accessories industry has been four times higher as compared to automobile industry. This has resulted in a tremendous growth in the sale of automotive accessories throughout the globe.
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According to the National Automobile Dealers Association, new vehicle sales account for more than half of total sales revenue at franchised new car and new truck dealers. But more importantly, these sales generate additional revenue in other departments of new car dealers, which are more profitable to the dealer. By putting new vehicles on the road, dealers can count on new repair and service customers and future trade-ins of used vehicles.
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Automobile manufacturing began in earnest in Europe by the late 1880s. German engineer Gottlieb Daimler and German inventor Wilhelm Maybach mounted a gasoline-powered engine onto a bicycle, creating a motorcycle, in 1885. In 1887 they manufactured their first car, which included a steering tiller and a four-speed gearbox. Another German engineer, Karl Benz, produced his first gasoline car in 1886. In 1890 Daimler and Maybach started a successful car manufacturing company, The Daimler Motor Company, which eventually merged with Benz’s manufacturing firm in 1926 to create Daimler-Benz. The joint company makes cars today under the Mercedes-Benz nameplate (see DaimlerChrysler AG).
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Automobile insurance policies offer numerous types and amounts of coverage, depending upon an individual’s needs. Although there are numerous variations of automobile insurance coverage and amounts, automobile policies generally offer four areas of coverage: Liability, Medical Payments, Uninsured and/or Underinsured Motorists, and Coverage for Physical Damage to Your Vehicle.
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Automobile accidents are almost as old as automobiles themselves. Early examples include Mary Ward, who became one of the first documented automobile fatalities in 1869 in Parsonstown, Ireland,[23] and Henry Bliss, one of the United State's first pedestrian automobile casualties in 1899 in New York.[24]
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