US Auto Exports Hit Record High 2M Units
U.S. vehicle exports are expected to hit a record high two-million units this year, with half of them produced by the Detroit 3.
The remainder of the exports come from German, Japanese and Korean automakers with plants in the U.S., with total automotive exports expected to exceed last year’s $132.7 billion that came from approximately 1.8 million vehicles. About half of the vehicles exported are to Canada and Mexico, but the biggest growth is coming from outside the U.S. Since 2009, exports to China have grown nearly 600 percent and one in nine vehicles exported from America now goes to China.
SEE ALSO: 2015 Mustang Fully Revealed
Export growth is expected to be limited over the next few years as automakers continue to build assembly plants in countries where sales continue to grow such as Brazil, Russia, India and China. Meanwhile, Japanese automakers such as Honda hopes to export more cars from the U.S. than it imports from Japan.
The all-new 2015 Ford Mustang will join the list of vehicles being built in America and exported to other global markets. The assembly plant in Flat Rock, Michigan will be producing right-hand drive versions for the UK, Australia and Japan.
GALLERY: 2015 Ford Mustang Live Photos
GALLERY: 2015 Ford Mustang
[Source: The Detroit News]
Discuss this story at our Ford forum.
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
More by Jason Siu
Comments
Join the conversation