Cars and trucks are making for a record output in North America for the past months.
In July, the car production went up 6.9% to a record of 1,382,380 vehicles and it also represented the, wait for it, 48th consecutive month in North America when the car production went over 1 million units.
The former car output record was set in 2002 and 2003 with 24 straight months of car production reaching more than 1 million units.
In the first six months of this year, the light-car production in the U.S. Canada and Mexico saw a big increase, from 8,696,162 in the first half of 2014 to 8,840,116. And even if this is not a record as 9.3 million cars were built in the first half of 2000, it is though the highest output ever since.
Another milestone was set by the Mexican production in July, which stood for 20% of the North American total output. The country’s assembly plants managed to produce 3,350,655 in 2014 and are planning to churn out even more cars in the fourth quarter of this year.
One of the reasons why North America is set to produce so many cars even in the future could be explained by the auto sales results shown for the past months in America.
The U.S. auto sales surpassed estimates released by analysts for July as more car buyers went on to invest in pickups and SUVs due to cheap financing. Drivers take advantage of inexpensive lending terms and also gasoline prices, leading to an increase in demand and to profitable light trucks, and carmakers take advantage in people’s will to buy more and more cars.