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    Analysis

    September 20, 2023

    North American Auto Assemblies Surge in August

    Written by David Schollaert

    North American auto assemblies saw their best total year to date in August, and the best mark in nearly five years, according to LMC Automotive data. The result was driven by a 32.8% jump in total assemblies vs. July’s output.

    The month-on-month assembly output surge was impacted by seasonal factors. The typically slower summer ended with a strong recovery from lower monthly outputs in June and July. The production recovery so far has allowed the days’ supply of light vehicles to rise to 38 last month. This is slightly higher than July but still about 40% below the pre-pandemic average.

    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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