Market trends
Detroit 3 fall behind international automakers in US vehicle production
Detroit 3 fall behind international automakers in US vehicle production
International automakers produced 4.9 million light vehicles in 2023 compared with 4.6 million from the Detroit 3.
Toyota Motor Corp. photo
Toyota is among the manufacturers contributing to international auto makers' producing more light vehicles in the U.S. than the Detroit 3 in 2023.
International automakers produced more light vehicles in the U.S. than the Detroit 3 for the first time in 2023, according to a report from Autos Drive America and the American International Automobile Dealers Association released July 9.
International automakers, including Toyota Motor Corp., Hyundai Motor Corp. and Volkswagen AG, produced 4.9 million light vehicles in 2023. The Detroit 3, in contrast, produced 4.6 million light vehicles during the same period, the groups said.
The groups represent international automakers and dealers doing business in the U.S.
The change underscores major transformations in automotive production as international automakers gain more prominence in the U.S. market. International automakers have increased U.S. production by 85 percent since 1998, while Detroit 3 production fell around 50 percent during the same period.
"I think what the report shows is that (international auto makers) are invested, and they're going to continue to invest here in the U.S.," Jennifer Safavian, CEO of Autos Drive America, told Automotive News. "They are not going anywhere."
U.S. electric vehicle manufacturers Tesla Inc., Rivian Automotive L.L.C. and Lucid Group Inc. produced 754,342 light vehicles in the U.S. in 2023, according to the report.
* Source : https://www.plasticsnews.com/news/global-auto-makers-produce-more-vehicles-us-detroit-3