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Nissan, GM may face supply chain challenges as U.S. auto sales recover

Cons. Discr. - Autos 935 Coronavirus 408 Mexico 725 U.S. 4555

U.S. auto sales returned to growth in September with a 6.1% year over year expansion, improving from a 19.2% decline in August. Sales of domestic light trucks rose by 12.9% while foreign built light trucks increased by 8.0%. The major U.S.-based automakers face manufacturing bottlenecks including staffing issues in the face of the pandemic as well as the implementation of USMCA. The latter “will be a challenge” for smaller parts makers according to Toyota. Mexican exports of auto parts to the U.S. were 7.9x higher in August than their May lows when factories had pandemic-induced closures...

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