{"id":7349,"date":"2015-02-11T13:51:28","date_gmt":"2015-02-11T18:51:28","guid":{"rendered":"https:\/\/www.myparkingsignblog.com\/blog\/?p=7349"},"modified":"2026-02-11T04:02:47","modified_gmt":"2026-02-11T09:02:47","slug":"u-s-car-manufacturing-set-surpass-2000-peak","status":"publish","type":"post","link":"https:\/\/www.myparkingsign.com/blog\/u-s-car-manufacturing-set-surpass-2000-peak\/","title":{"rendered":"U.S. car manufacturing set to surpass 2000 peak"},"content":{"rendered":"

Car production in North America is thriving, with U.S. car exports exceeding a staggering two million. As AutoBlog<\/a> reports, 2014’s numbers are “just shy\u201d of the record set in 2000. Last year, U.S. factories exported 2.1 million cars, the highest number in history, with around 50% of the exports going to Mexico and Canada, and an increasing number shipped to China and the Middle East. That\u2019s an 8% increase since 2013 and a 73% increase since 2004, according to information released last week by the U.S. International Trade Administration<\/a>.<\/p>\n

\"Ford<\/a>

xxx TK TK Image from Nicole Yeary<\/a>.<\/p><\/div>\n

Those 2.1 million vehicle exports equate to around 18% of all new vehicles produced in the U.S., according to the Wall Street Journal<\/a> and WardsAuto.com: \u201cU.S. light-vehicle production was 11.4 million in 2014. And the U.S. is still a big importer of foreign-made cars and SUVs. The U.S. auto trade deficit was about $109.4 billion last year.\u201d In Mexico, auto manufacturers produced around 3.2 million vehicles in 2014, which represents a 10% jump since 2013, and exported around 82%, with the majority of the cars exported to the U.S.<\/p>\n

What\u2019s behind the uptick? Post-recession, it has been cheaper to build vehicles in the U.S. Plus, as AutoBlog explains, “buyers around the world are going crazy for crossovers,” with Mercedes-Benz and BMW, for example, exporting the bulk of their U.S. production of these car models abroad. Honda, too, has been “shipping more models out of the country than it imported here” in the United States.<\/p>\n

\u201cThe U.S. has become one of the low-cost places to build cars,\u201d Ron Harbour, of Oliver Wyman Inc., a management consulting firm, told the Wall Street Journal. Automakers are also broadening the type of vehicles that they export. \u201cWhat\u2019s happening is car makers are exporting out of the U.S. into a broader range of markets,\u201d Mike Jackson, director at IHS Automotive<\/a>, explained to the Journal.<\/p>\n

When the dollar was particularly weak, explains Automotive News<\/a>, German and Japanese auto manufacturers and suppliers broadened their presence here in the U.S. \u201cMore recently, Volkswagen came up with a grand North American strategy. The U.S. share of foreign brands went from 25% in 1995 to 55% today.\u201d While carmakers claim they do not make \u201cshort-term decisions based on currency movements,\u201d the dollar had been weak for long enough that it \u201ceffectively reshaped the global industry.\u201d Yet that may be changing as the dollar continues to strengthen. \u201cNow \u2014 barring a dramatic shift in currencies \u2014 the trend is over.\u201d<\/p>\n

While impact on American manufacturing is yet to be determined, the rise in the dollar\u2019s value will make the U.S. a \u201cmore lucrative place\u201d to sell vehicles that are produced elsewhere, explains the Journal<\/a>. \u201cEverybody outside of the U.S. is going to start looking at [this] country with a more endearing look,\u201d Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said at last month\u2019s North American International Auto Show<\/a>. \u201cAll the Europeans, all the Japanese will start looking at this market in a much more affectionate fashion than they\u2019ve done in the past.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Car production in North America is thriving, with U.S. car exports exceeding a staggering two million. As AutoBlog reports, 2014’s numbers are “just shy\u201d of the record set in 2000. Last year, U.S. factories exported 2.1 million cars, the highest number in history, with around 50% of the exports going to Mexico and Canada, and […]<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[577],"tags":[759,957,954,389,955,956,606],"class_list":["post-7349","post","type-post","status-publish","format-standard","hentry","category-transportation-2","tag-associated-press","tag-auto-manufacturing","tag-auto-show","tag-detroit","tag-ford-gt","tag-north-american-international-auto-show","tag-united-states"],"yoast_head":"\nU.S. car manufacturing set to surpass 2000 peak - MyParkingSign Blog<\/title>\n<meta name=\"description\" content=\"Car production in North America is thriving, with U.S. car exports exceeding a staggering two million. 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