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    January 18, 2023

    North American Auto Assemblies Fall Further in December

    Written by David Schollaert

    North American auto assemblies declined 13.8% in December, slowing down for the second straight month. Last month’s assembly output was the second-lowest total in 2022 and just 3.4% higher year on year (YoY), according to LMC Automotive data.

    December finished as the third consecutive month at more than one million units. Though inventories have improved, the market remains supply-constrained due to ongoing parts and supply shortages. The trend continues to push new-vehicle transaction prices higher, albeit at a slower pace than earlier this year.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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