Jeep, Camry top lists of most ‘American’ vehicles
Experian has released findings from an analysis that examined vehicles on U.S. roads to see how many were manufactured in America.
According to the analysis, nearly 60 percent of all light-duty vehicles on the road were assembled domestically, while the rest were built in Canada (12.6 percent), Japan (11.1 percent), Mexico (7.4 percent), Germany (4.3 percent), South Korea (3.4 percent) and elsewhere (2 percent.
From a brand perspective, Jeep is the most “American” brand, with 96.7 percent of Jeeps on U.S. roads assembled in the country, followed by Oldsmobile (93.3 percent), Saturn (92.4 percent), Ford (83.1 percent) and Cadillac (80.6 percent).
“With the number of vehicles on the road rising steadily, it’s a pleasant sign that a good majority are still being built in the United States,” said Marty Miller, senior manager at Experian Automotive. “While we continuously keep an eye on the economy, as well as the automotive industry, the fact that vehicles are being assembled in the country means that jobs are also being created and maintained domestically.”
Not surprisingly, the manufacturers with the highest percentage of U.S.-made vehicles currently on the road were Ford, General Motors and Fiat Chrysler Automobiles, at 81.2 percent, 70.1 percent and 63.1 percent, respectively. However, Honda (61.9 percent) and Nissan (54.7 percent) round out the top five. Many of the top import manufacturers hover around the 50 percent mark, including Mitsubishi (49.9 percent), Toyota (48.2 percent) and Subaru (47 percent).
In addition, a significant majority of the top five vehicle models currently on the road were assembled in the U.S. Nearly 93 percent of Ford F150s, the most popular model on the road, were built domestically. The remainder of the top five vehicle models on the road that were assembled domestically are Honda Accord (88.3 percent), Toyota Camry (86.9 percent), Nissan Altima (100 percent) and Ford Explorer (100 percent).
From a financial perspective, these domestically assembled models were most often financed with a loan, rather than leased or paid for with cash. For example, 69.9 percent of F-150 dirvers financed the vehicle with a loan, with an average loan amount of $36,809.
For more information regarding this analysis, click here.
Camry again tops Cars.com’s American-Made Index
Cars.com has released its annual American-Made Index, and for the sixth time, Toyota Camry has come out on top.
The index takes into account three key factors to determine how “American” cars are, including domestic-parts content (percentage of a vehicle’s parts considered to be domestic, meaning from the U.S. or Canada), final assembly point and overall vehicle sales.
The Camry also ranked No. 1 last year. Another Toyota model, the Sienna, made this year’s list at No. 3, down from the No. 2 spot last year. The Honda Accord, Odyssey and Pilot came in at Nos. 2, 4 and 5, respectively. Rounding out the top eight were the Chevrolet Traverse at No. 6, GMC Acadia at No. 7 and Buick Enclave at No. 8.
“After reaching an all-time low of just seven cars on the 2015 American-Made Index, this year's list is up one car, but still remains much smaller than earlier indexes, when the list included nearly 30 eligible cars," said Patrick Olsen, Cars.com editor-in-chief.
“The reason for the shrinking list continues to be the globalization of today's automakers. While building the same car for all markets is better for an automaker's bottom line, tracking just how American a car is has become more difficult because so few meet the criteria for our index.”
In a consumer survey recently conducted by Cars.com, when asked about reasons for they prefer to purchase from an American manufacturer, 53 percent of respondents indicated it was because they wanted to support the local economy. However, only 13 percent of consumers base their purchase decision on whether a vehicle is from an American manufacturer; that's down from 28 percent just one year ago.
“These cars have a significant impact on U.S. auto sales,” Olsen said. “The eight cars on this year’s list accounted for about 1.5 million U.S. sales in 2015, or about 8 percent of total U.S. car sales.”
For more information on the 2016 Cars.com American-Made Index, click here.