Auto assemblies remain flat in September   

Annualized U.S. assemblies of autos and light trucks remained unchanged at 8.5 million in September (seasonally adjusted). Assemblies have been relatively flat for the last 17 months ranging between 7.5 and 8.6 million units annualized (seasonally adjusted). Our graph is a 3-month moving average of the seasonally adjusted annualized assemblies. Year over year percentage growth using the three-month moving average is low single digits. Average monthly seasonally adjusted assemblies were 11.4 million from January of 2001 through December of 2007 indicating that auto assemblies are still at depressed levels.