Auto assemblies decline in November   

Annualized U.S. assemblies of autos and light trucks fell back to 8.4 million in November (seasonally adjusted). October assemblies were revised below the 9 million mark. Assemblies have been relatively flat for the previous 19 months ranging between 7.5 and 8.9 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 strong at 11.0%, reflecting weak 2010 assemblies. 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.