North American Auto Production Estimated Down 1% in June image

Analysts estimate auto production in North America dropped 1% in June to 1, 388, 516 units.

In June car production in the US increased 2%, but dropped 7% in Canada and 9% in Mexico. Car output in North America fell 2%. Truck output in the US rose 3% in June, but fell 9% in Mexico and Canada. Truck production in North America fell 1%. Vehicle output jumped 2% in the US, but fell 8% in Canada and 9% in Mexico.

Analysts predict that automakers will manufacture more than 16 million light vehicles this year in North America, the highest level since 2002. IHS Automotive and LMC Automotive forecast that production will increase from the 15.5 million units manufactured last year as economy in the US continues to improve.

“We’re getting close to the point where all factories are hitting full speed,” said Jeff Schuster, LMC’s executive director of automotive forecasting. “We could hit a wall if this keeps up.”

Analysts predict that Ford will build 717,000 vehicles, up 8% on strong demand for pickups, Chrysler and Fiat will increase output by 6% to 581,000 units, as Chrysler increases production for the new Cherokee pickup and the Jeep Grand Cherokee. Toyota is seen manufacturing 466,000 units, up 13%, as its ramps up production for the RAV4 and Avalon, while Honda will go up 17% to 444,000 units, on the redesigned Accord. Nissan is expected to increase 20% to 377,000 units thanks to the Versa Note and the Altima.

Source: Autonews