The Journal Of Commerce has just reported that more containers of auto parts were imported into the U.S. in the second quarter of this year than at any other time since JOC began tracking this data back in the first month of 2007. The import of auto parts has increased for 15 straight quarters showing that the U.S. auto industry’s recovery is not a mirage.
In the recently completed quarter, 220,366 twenty-foot containers made their ways to American ports. This is a 5.1 percent jump from the 209,644 twenty-foot containers that did the same in the second quarter of last year.
However, not all is puppies and sunshine. The rate of increase is slowing. After 12 straight quarters of double-digit increases, the last three quarters have seen just single-digit growth.