North American auto assemblies tumble in July

North American auto assemblies declined in July, down 16.4% vs. June. But, according to GlobalData, assemblies were 2.4% up year on year (y/y).

After a hard drop in December — the worst since July 2021 — assembly numbers rallied in Q1 but were inconsistent throughout the second quarter. Now, third-quarter seasonality is in full swing, and sentiment remains tempered.

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.