While it’s common knowledge that the Japanese auto companies have been producing parts and vehicles in the United States, it may surprise you to learn just how much of this is really going on.
Last year marked a record year for complete auto production by Japanese car makers in the U.S. – more than three and a half million!
The vast majority of the complete parts that make these vehicles are also made in the U.S. with Honda having the highest percentage at 94%:
Auto production by the Japanese brands in the U.S. topped a record 3.6 million last year, said Ron Bookbinder, general director the Japan Automobile Manufacturers Assn.’s U.S. office. That’s up 10% from 2012.
As production rose, the manufacturers purchased a record number of U.S.-produced auto parts. The companies spent $57 billion with suppliers last year, an 11% increase.
About 94% of the parts that go into Honda cars made in North America are produced in North America, Bookbinder said.
Nissan provides more detail, he noted, and about 76% of the parts that go into its vehicles produced in the U.S. are domestically sourced. That figure is 71% for Toyota, Bookbinder said.
The Japanese car companies also set a record for the percentage of vehicles sold in the U.S. that were built in North America. That figure rose to 71% from 70% a year ago.
“I would expect that to grow with the U.S. market,” Bookbinder said. “It’s been a trend that automakers want to produce cars in the markets where they are sold.”
Automakers are on track to sell about 16.4 million vehicles in the U.S. this year, according to IHS Automotive, the best since 2006, when the industry sold 16.5 million vehicles.
Japanese companies such as Honda and Toyota are reacting to that increase by expanding production in the U.S. and North America. The U.S. production helps the automakers cut back on import duties, shipping expenses and foreign exchange risk. Cars made by Japanese automakers in U.S. hit record level last year
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