auto industry deregulation

Auto industry deregulation involves reducing government rules and restrictions on how car manufacturers and dealerships operate. This process aims to increase competition, lower costs, and foster innovation by allowing companies more freedom in pricing, production, and marketing. Deregulation can lead to a broader selection of vehicles and potentially better prices for consumers. However, it also shifts some oversight from government to the market, which might impact safety standards, quality, or consumer protections. Overall, deregulation seeks to make the auto industry more flexible and competitive while balancing regulatory oversight.