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Import Replacements to Boost Production in 2014 in North America

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Import Replacements to Boost Production in 2014 in North America

According to WardsAuto’s North American Light Vehicle Production Forecast for 2014 foreign automakers will increase production in this market by 3.9 percent.

According to the forecast foreign automakers will increase production in North America with 3.9%, surpassing the 15.6 million light vehicles predicted for 2013. It’s been several years since overseas automakers have been increasing this market’s sourcing, but 2014 will see a boost due to the fact that the models which are currently introduced are supplied solely from abroad.

According to WardsAuto, in 2014 Toyota will introduce a new Lexus model at its Georgetown, KY, plant and a Toyota model at Blue Springs, MS, while VW will add a new model at its Puebla, Mexico, plant. Mazda is expected to introduce for the first time a CUV to be manufactured at its greenfield site in Salamanca, Mexico.

In 2014 Mexico will reach almost two-thirds of the first-time import-replacement volume, accounting for 20% of the North American production and surpass 3 million units. Production for 2012 is expected to reach 15.32 million units, up 17.1% from the 2011 level of 13.10 million and the highest level since 15.75 million in 2005.

by Ana Cezara Savin (my Google+) - Monday, December 24th, 2012 - filed under Industry, News, Other. Image credit: .
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