Steel Markets
January 22, 2017
NAFTA Vehicle Production through December 2016
Written by Peter Wright
Total light vehicle (LV) auto production in NAFTA in December was at an annual rate, of 15.171 million units, down from 17.921 million in November. In cases where seasonality is more than a weather effect, we like to compare the monthly result with the monthly norm over a number of years. On average since 2004, December’s production has been 16.4 percent lower than November. This year production declined by 15.3 percent, therefore, we see December’s report as normal in the long term context (Figure 1). We can expect January and February’s production to bounce back by 10 percent and 13 percent, respectively.
