JUser: :_load: Unable to load user with ID: 573
Friday, 07 February 2014 21:23

North American Car & Truck Production Hits 16.6M Units

North American car and truck production reached an estimated 16.6 million units in 2013, up 4 percent. That would mark the first time since 2005 that production surpassed 16 million units. Mexican plants are expected to have produced a record number of vehicles in 2013, an estimated 3,071,000 units, topping 2012’s record of 3,020,404.

Several manufacturers’ North American totals are expected to surpass records set in 2012. Honda, Hyundai-Kia, Nissan and Toyota all had record producing years in 2013, but BMW, Subaru, Volkswagen and AutoAlliance—the Ford- Mazda joint venture—produced fewer units in 2013 than in 2012.

While Canada built over 2.4 million vehicles in 2012, that number is expected to drop to 1.8 million by 2020. Since 2010, auto makers have invested $42 billion in manufacturing. The biggest declines in Canada are expected to come at GM and Chrysler.

Read 997 times