Q4 vehicle production to hit 14-year high

Booming auto demand will push North American light vehicle production to a 14-year high during the fourth quarter, a new forecast predicts.

Many automakers are still struggling with capacity constraints, but a new forecasts from Wards Auto projects North American auto output will hit 4.02 million units during the October-December period. If true, that would be the highest fourth quarter tally since 4.28 million vehicles were built during the period in 1999.

According to Wards‘ estimates, Honda, Nissan and Toyota will all break North American production record for the period. The domestics are also projected to have a banner quarter, with Ford, Chrysler and GM expected to have their best production figures in over six years.

Light vehicle production for the year will likely total 16.1 million vehicles, good enough for an 11-year high. However, NA production remains well off from the 17.16 million unit high recorded in 2000.

Wards predicts North American auto production will continue to grow for at least the next two years as an improving economy spurs the new vehicle market. North American output could come close to a record high with 17 million vehicles in 2015.

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