The study claims 60 percent of the vehicles on the road in the U.S are American made.
Given this weekend's Fourth of July holiday, many researchers have recently attempted to figure out the most "American-made" vehicle in the United States. A study from Cars.com gave the title to the Toyota Camry, and the Kogod School of Business awarded a three-way tie to the Chevrolet Traverse, Buick Enclave, and GMC Acadia. Now, an investigation from Experian is taking a slightly broader view and asserts that Jeep is the most American-made brand people can buy.
Experian took a holistic view for its research and examined all of the vehicles on American roads. This approach came up with some rather odd results, though. Jeep lead the pack with 93.3 percent of its registered models built in the U.S. However, the long-dead companies Oldsmobile and Saturn came in second and third at 93.3 percent and 92.4 percent, respectively. New cars from these brands haven't been available for years, but there were still enough of them driving around to put the pair near the top of the list. Ignoring them, Ford at 83.1 percent and Cadillac at 80.6 percent are the next still-viable marques in the ranking.
Experian also looked at the general makeup of American roads, and almost 60 percent of vehicles are made in the country. Canada was a distant second at 12.6 percent, and Japan rounded out the top three at 11.1 percent.
This study is a further indication that it's quite hard to pin down what American-made” really means in the modern world. For example, no Jeeps were eligible for Cars.com’s list because the models didn’t meet those researchers’ threshold of using at least 75 percent domestically sourced components. The Kogod School of Business emphasized where the profits went after a sale, and two Jeeps made it into the top ten – the Wrangler Unlimited in sixth and Cherokee in eighth.
JEEP MOST AMERICAN-MADE BRAND WITH NEARLY 97 PERCENT OF ITS VEHICLES BORN IN THE USA
Analysis also finds that close to 60 percent of vehicles on U.S. roads were made in America
Schaumburg, Ill., June 28, 2016 — 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|
For more information regarding this analysis or Experian Automotive’s other research, visit http://www.experian.com/automotive.