North American Auto Assemblies Improve in May

North American auto assemblies improved by 5.9% in May, after shrinking by 15.8% the month prior – the first decline all year. And though ongoing supply hurdles continue, North American production has improved since bottoming out last December. May’s results are 14.4% higher year-on-year (YoY), but still 17.5% below the pre-pandemic period of May 2019.

North American automotive manufacturers have endured major supply chain disruptions for two years now. The lack of semiconductor chips and other components has hammered the sector, leading to production halts, delays, and inventory shortages.

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.

David Schollaert

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