U.S. vehicle exports have been declining since 2019, with the reduction equivalent to two plants’ worth of volume and 6,000 employees.
The current U.S. trade war with USMCA partners Mexico and Canada is exacerbating that decline.
Any growth in U.S. auto exports in the near term will come from “transplant” plants — German and Japanese automakers increasing exports from their U.S. manufacturing facilities — not the Detroit 3.
Author Warren Browne predicts a U.S. export sales decline of 16% by 2030 and examines the reasons behind that.
Read the article.