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    Market Segment

    March 22, 2023

    North American Auto Assemblies Up Again in February

    Written by David Schollaert

    North American auto assemblies rose 1.3%% in February, expanding for a second straight month after declining repeatedly to close out 2022. Last month’s assemblies are 8.4% higher year-on-year (YoY), according to LMC Automotive data.

    Despite the repeated increases through February, production hasn’t topped the 1.2-million-unit mark since November. And while inventories have improved, the market remains supply-constrained, working itself out of the deficit levied by parts and supply shortages.

    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.

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