Steel Markets
September 20, 2017
Auto’s Shift South is Accelerating
Written by Peter Wright
The Mexican share of light truck assemblies in NAFTA is expanding rapidly at the expense of the United States.
Economy.com reported that U.S. new-vehicle sales dropped nearly 6.3 percent in August, reaching their lowest level at a seasonally-adjusted annualized rate since February 2014. August marks the eighth consecutive month in which sales were lower on a year-ago basis. Both light-truck and car sales fell.
