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Analysis also finds that close to 60 percent of vehicles on U.S. roads were made in America
Schaumburg, Ill., June 28, 2016 — In honor of the Fourth of July, Experian® released findings from an analysis that examined vehicles on U.S. roads to see how many were manufactured in America, or “born in the USA.” 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 others (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, 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. In fact, 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.
|Make/Model||Percent lease||Percent loan||Percent cash||Average loan amount||Average loan payment|
For more information regarding this analysis or Experian Automotive’s other research, visit http://www.experian.com/automotive.
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About Experian Automotive
Experian Automotive provides information services and market intelligence that enables results-driven professionals to gain the fullest possible understanding of the market, the vehicles and the people who buy them. Its North American Vehicle DatabaseSM houses data on nearly 700 million vehicles and, when combined with Experian’s credit, consumer and business information, provides an integrated perspective into the automotive marketplace. Experian Automotive’s AutoCheck® vehicle history reports provide dealers and consumers with in-depth information, allowing them to confidently understand, compare and select the right vehicles. For more information on Experian Automotive and its suite of services, visit our Website at http://www.experian.com/automotive.
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