North American Light-Vehicle Production Down 3.3% in October
While October was a slow month for automakers in North America, year-to-date totals were still ahead of 10-months 2015.
November 18, 2016
Automakers in North America assembled 1,582,890 light vehicles in October, slipping 3.3% behind 2015’s October record.
Canada production tumbled 6.8% to 194,551 LVs, with only Honda and Toyota posting positive results for the month. Still, year-to-date output was up 6.1% over same-period 2015 with 1,984,728 units, boosted by a 16.6% increase in light-truck production.
Production in the U.S. slowed 3.7% to 1,061,360 units. Car output continued to shrink (-12.0%) while light-truck production inched up 0.7%. Light trucks accounted for 69% of vehicles built in the U.S.
Even after a slow month, the U.S. tally through October was up 0.9% over 10-month 2015 with 10,122,180 LVs.
Mexico production inched up 0.4% with 326,979 units for the month. Improvements mostly came from light-truck output (+3.2%), including Nissan gaining 51.5% over year-ago to 21,491 units. On the other hand, General Motors’ car production soared 83.9% over same-2015 to 22,397 units, while light-truck builds shrank 15.1%.
Gaining 0.5% over like-2015, Mexico’s 10-month total reached 2,882,781 LVs, the highest ever for the country.
Outpacing the region, several automakers posted big production gains over year-ago. Honda improved 2.8%, Toyota was up 6.2% and Volkswagen increased 3.1%. BMW grew 1.8% to reach its highest-ever October total.
The region’s biggest producer, GM, held a 21.8% share of the total with 353,076 LVs. Growing 5.8% over year-ago, it was the automaker’s highest October result since 2007.
North America’s 10-month tally reached 14,989,689 LVs, a 1.5% increase over same-period 2015.
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