Steel Markets
May 16, 2022
April North American Auto Assemblies
Written by David Schollaert
North American auto assemblies shrank by 15.8% in April, falling for the first time in 2022 as ongoing supply hurdles mount. Despite the recent decline, North American production has improved since bottoming out last December. April’s results are just 4.6% higher year-on-year (YoY), and still 14.4% below the pre-pandemic period of April 2019.
North American automotive manufacturers have endured major supply chain disruptions for two years now. The lack of semiconductor chips and other components has wreaked havoc on the sector, leading to production halts, delays, and inventory shortages.
