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    Analysis

    June 19, 2023

    North American Auto Assemblies Recover in May

    Written by David Schollaert

    North American auto assemblies saw nearly an 11% boost in May, posting the second-best monthly total year to date. The month’s assemblies were also nearly 18% higher year-on-year (YoY), according to LMC Automotive data.

    A modest decline was seen in supply levels in April, but that easing was in part due to seasonal factors and was not expected to last. The dynamic indeed was a short stall as auto production rose in May and is seen likely gaining more ground in the coming months on improved supply chains.

    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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