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PWC: NA Vehicle Production to Increase to Nearly 20 Million by 2024

Source: PWC

 
 

While most automotive industry forecasters agree on a slight recession and a drop in sales in North America over the next several years, the North American supply base as a whole will actually see continued growth. The chart below from PwC shows that due to continued localization from foreign OEMs, vehicle production in North America will actually continue to increase, regardless of sales, to nearly 20 million by 2024 -- and this does not yet include a potential NA plant of Chinese OEMs.

 

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