The chart compares the average number of hours needed to manufacture a vehicle by four companies which are General Motor, Ford, Toyota and Honda from 1998 to 2005.
Over the whole time period, the duration to produce a vehicle at General Motors and Ford witnessed a significant reduction in 2005 while Toyota and Honda, on the other hand, experienced minor changes and rather remained stable throughout the years. Furthermore, General Motor and Ford spent more time creating cars than Toyota and Honda throughout the whole period.
To begin with, General Motors took 32 hours to make a car in 1998 then decreased gradually to only requiring 24 hours seven years later. Ford also illustrated a downward trend, rising from 28 hours needed up to 31 hours between 1998 and 2001 before dropping dramatically to 23 hours in 2005.
In the meantime, Toyota observed a fluctuation from 1998 to three years later then rose slightly to 24 hours after a year. Afterward, it continued to drop stability at 20 hours in 2005. Likewise, Honda’s production time fluctuated before reaching the same record as Toyota in the final year.