North American Auto Assemblies Expand in February

North American auto assemblies grew by 8.0% in February, expanding for the second straight month despite ongoing supply hurdles. Though last month’s production was 2.2% higher year on year, it was 21.1% below the same pre-pandemic period in 2020.

Despite February’s production gains, the industry was met with strong supply-related headwinds. The ongoing supply-chain and microchip shortages that have hampered the auto industry for nearly two years were exacerbated by a week-long border protest over vaccine mandates that blocked travel across the Ambassador Bridge to Canada, a key supply route for the North American automotive industry.