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    Analysis

    May 30, 2023

    North American Auto Assemblies Edge Down in April

    Written by David Schollaert

    North American auto assemblies declined by 15.5% in April, edging down for the first time year-to-date, and for the first time since last November. Last month’s assemblies, however, were still 7.8% higher year-on-year (YoY), according to LMC Automotive data.

    While supply levels began to rebound in the second half of last year, inventories fell modestly in April for the first time in nine months, in part due to seasonal factors. The dynamic is expected to be a short stall as auto production props up over the coming months on improved supply chain pressures.

    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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