Photo: Ford
Exports of vehicles built in the United States of America are expected to hit a record high of two million units this year, Detroit News reports, adding that more than half of them are produced by Ford, General Motors and Chrysler.
Last year’s exports numbered about 1.8 million cars and trucks and brought back $132.7 billion. Most exports go to Mexico and Canada (about 49 percent), while one in nine vehicles exported from the United States go to China, where the market has expanded nearly six times compared to 2009.
“The growing number of exports has everything to do with plant retooling and this new product onslaught, with an eye toward meeting global demand,” Mike Jackson, manager at IHS Automotive, told Detroit News.
Recent export growth is expected to drop, however, as US automakers continue to build assembly plants in Asia and South America.
“The growing number of exports has everything to do with plant retooling and this new product onslaught, with an eye toward meeting global demand,” Mike Jackson, manager at IHS Automotive, told Detroit News.
Recent export growth is expected to drop, however, as US automakers continue to build assembly plants in Asia and South America.
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