Robust U.S. market spurs investment by Japanese suppliers
Several suppliers announce plans to expand production capabilities
The production volume of Japanese OEMs in the U.S. increased by 38.8% y/y to 3.315 million units in 2012, a one-million unit increase from the volume in 2011. This steady increase continued in 2013 accomplishing a local production rate of 71% (local production volume/local sales volume) in the U.S. for the January to April period. Expecting the market to expand even further in the medium term, the Japanese suppliers are aggressively enhancing their production capabilities to cope with the OEM movement to increase production volume in North America.
Japanese Suppliers Related Reports: