Final answer:
By 1995, the U.S. had experienced a significant reduction in its percentage of worldwide automobile production, influenced by the rise of Japanese automakers and changes in consumer preferences. Exact figures for 1995 are not provided, but a decline from previous decades is clear.
Step-by-step explanation:
By 1995, the United States no longer maintained the dominance it once had in the automotive industry. In the 1970s, led by Detroit, the automotive industry in the U.S. became complacent with an oligopoly consisting of three major companies. This complacency resulted in the production of vehicles that were not competitive with the small, fuel-efficient cars being produced by Japanese automakers like Honda and Toyota. The shift in consumer preferences towards these more economical vehicles, compounded by superior manufacturing techniques and strategies, significantly diminished the U.S. market share of automobile production.
Although the exact percentage of the world's automobiles the U.S. was making by 1995 is not provided in the information given, it is clear from the context that there was a decline from the period when the United States produced 40 percent of the world's goods and services in the 1950s. By the 1970s that number had dropped to 25 percent, indicating a trend of decreased manufacturing dominance by the U.S., which likely extended to the automobile industry as well.