Day: December 10, 2020

U.S. Automotive Trade Improving But Damage In Spring Too Deep To Overcome

Exports and imports in the crucial U.S. automotive industry are bouncing back from the bludgeoning they took in late spring, but will not be able to erase their steep losses by year’s end, new government data for October released on Friday shows.

For example, for the year, motor vehicle imports are down 24.36%, which is equal to almost $36 billion. That’s despite the fact that in the month of October, those imports increased 9.96% when compared to the previous October, and 16.27% when compared to the previous month, September.

Motor vehicles, the nation’s most important import, were also the nation’s second most important export in October. Year-to-date, motor vehicle imports still

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