AutoForecast cuts NorthAm auto rates for 2022
North American automotive production should come in at 2pc lower than previously expected, mirroring other regions, according to consultancy AutoForecast Solutions.
Regional production estimates have fallen by 330,000 vehicles to 14.82mn units in 2022 from estimates laid out in its March outlook.
In western Europe, AutoForecast Solutions cut production estimates by 500,000 vehicles to 11.16mn, while it expects a cut of eastern European production of 810,000 to 6.26mn vehicles.
It reduced the production outlook for the Asia-Pacific region by 2pc to 46.68mn units.
Last week original equipment manufacturer (OEM) Magna International cut its 2022 forecasts for European auto production by 11pc to 16.4mn vehicles and North American production by 500,000 units to 14.7mn.
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