Vehicle production back on the rise

Automakers increased production 2.6 percent in North America this week, presumably because sales have no where to go but up. WardsAuto.com reports that automakers have produced 352,720 vehicles this week, up from 343,925 last week. Compared to last year, automakers building in North America are only building about .1 percent more vehicles than last year; however, it is interesting to note that the number of passenger cars being produced by automakers this year to date has gone up, while the number of trucks produced in North America has gone down. Also interesting is that vehicle production in Mexico has gone up by almost 4 percent, while U.S. production has stayed stagnant and production in Canada has dropped three percent.