North American light-vehicle output seen to reach 17.24 million units this year thanks to Mexico

Article by Christian Andrei, on December 30, 2014

Light-vehicle production in North America this year is expected to surge 7 percent to 17.24 million units, according to estimates from the Automotive News Data Center. That will be around 53,000 vehicles below the record set in 2000 at 17,297,498 units, which means that production in the United States, Mexico and Canada could be on the highest next year.

LMC Automotive expects light-vehicle production in North America to reach 17.4 million light vehicles next year, as low fuel prices and robust job growth is seen to boost auto demand. Carmakers are producing an average of 352,000 vehicles weekly in over 49 working weeks – a reflection of five consecutive years of solid sales surges in North America.

Likewise, Mexico has free-trade agreements with a number of countries, thus making it a viable base for exports. But such increase in production poses a problem with some suppliers. According to a study by consulting firm IRN, 42 percent of surveyed parts makers would have some difficulty keeping with demand as vehicle production are expected to further surge in 2015.

In fact, some suppliers are not so keen on making investments amid worries that the growth curve may soon flatten. IHS Automotive forecaster Mike Jackson remarked that growth is “all in light trucks, especially pickups and crossovers."

Leading that growth are Nissan North America (up 19 percent) and Fiat Chrysler Automobiles (up 16 percent). Nissan and FCA added almost 700,000 vehicles in additional output in North America. Mexico, meanwhile, saw auto production grew 12 percent to over 3 million. Production in the US and Canada, meanwhile, surged 5 percent. [source: automotive news - sub. required]

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016