Operating Costs in 15 Auto Industry Hubs Surveyed in New BizCosts.com Report
A new BizCosts.com report of The Boyd Company, Inc., identifies 15 major hubs of the global automotive industry and charts comparative production costs (labor, real estate and utilities) in those markets. (See Figure 1).
Annual operating costs in Boyd’s new 2021 BizCosts® Benchmark Snapshot range from a high of $46.9 million in Fremont, CA, to a low of $19.0 million in Guanajuato, Mexico – an operating cost differential of 59.4 percent. (See Figure 2).
In addition to Fremont, CA and Guanajuato, MX, other automotive industry hubs surveyed in the comparative operating cost analysis include: Detroit, MI; Chicago, IL; Toledo, OH; Marysville, OH; Louisville, KY; Nashville, TN; Atlanta, GA; Greer, SC; Birmingham, AL; Canton, MS; Wolfsburg, Germany; Takaoka, Japan; Ulsan, Korea.
BizCosts® Reports are comparative cost of doing business studies developed from the proprietary data bank of corporate site selection firm The Boyd Company, Inc. Founded in Princeton, NJ, in 1975, Boyd provides location recommendations and comparative business operating cost data to corporations and institutions like Honda; Boeing; HP; PepsiCo; Dell; JP Morgan Chase; Pratt & Whitney; the World Bank and others.
Additional information on the 2021 auto industry cost survey can be found on the BizCosts.com website.