North American auto assemblies improve in February

North American auto assemblies grew in February, up 3.8% above January. Still, according to LMC Automotive data, assemblies were 11% lower year on year (y/y).

After slumping in December to the lowest total since July 2021, February assemblies further expanded on January’s growth after production reached a three-year low. Sentiment remains tempered as carmakers continue downgrading and adjusting vehicle output to meet curtailed market demand.

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.

David Schollaert

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