Steel Markets
July 24, 2017
Auto Assembly Moves to Mexico, Vehicle Sales Slow
Written by Peter Wright
Light vehicle sales are slowing and Mexico continues to take production share from the U.S.
Vehicle sales in the U.S. averaged 17.0 million units at a seasonally adjusted annual rate (SAAR) in the first six months of 2017, down from 18.1 million in Q4 2016. March through June monthly sales were each below 17.0 million units SAAR for the first time since June last year. In June, light truck sales increased from 10.46 million in May to 10.59 million units, but autos declined from 6.20 to 5.91 million.
