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Carmakers maintain solid output despite slow economy

18/07/2012


Despite slow jobs growth in the United States and a tepid economy, automakers are maintaining solid North American production schedules this summer.
Mike Jackson, IHS Automotive’s director of North American forecasts, says U.S. sales have slowed a bit from the strong monthly rates early this year. But it’s still going to be a good year for the industry.
Jackson predicts the North American auto industry will produce nearly 14.9 million light vehicles this year. That would be up 13 percent over 2011, and it’s slightly higher than IHS’ initial forecast of 14.7 million units in 2012.

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