Tuesday, July 9, 2013

Autos Picking Up Speed

The American auto industry has been making a very nice comeback in recent years. In 2012, the U.S. produced 10.3 million vehicles, which was an increase of 19.4 percent over the previous year. We're far from the world leader in that category, though: China produced 19.2 million vehicles last year.

The next big automaker, though, might be Mexico. Mexico manufactured just 3.0 million vehicles last year, placing it eighth in the world, but that is expected to grow strongly in the next three years. Germany and South Korea, meanwhile, seem to be on the decline, with their production numbers dropping by 10.5 percent and 2.1 percent respectively last year.

The biggest gainer last year: Thailand. Thailand produced 2.8 million automotive vehicles in 2012, which constitutes a staggering 90.9 percent increase over 2011.

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