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 Ford F150 13.3% 69.9% 16.8% $36,809 $600 Honda Accord 36.5% 53.0% 10.5% $25,152 $448 Toyota Camry 32.3% 53.7% 14.0% $25,261 $422 Nissan Altima 32.6% 62.4% 5.0% $26,463 $441 Ford Explorer 34.9% 49.7% 15.4% $37,368 $606
For more information regarding this analysis or Experian Automotive’s other research, visit http://www.experian.com/automotive.
Thank you for reading the Springfield News-Sun and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Springfield News-Sun. Get more news when you want it with email newsletters just for subscribers. Sign up here.