American-Made Index by Cars.com
The origins of consumer products are often anything but straightforward, and few get as complicated as the two-ton set of wheels in your driveway. Supply chains for the automotive industry span the planet, and the results can make for a car assembled in one country with parts from dozens of others, plus a badge on the hood from an automaker an ocean away. For shoppers who want to buy American-made products, Cars.com’s American-Made Index delves into such complexities by analyzing a range of factors to determine just how American your prospective car or truck might be.
MAKE AND MODEL
Tesla Model S
Tesla Model 3
Bowling Green, Ky.
Tesla Model X
And article on this list by Marketwatch.
Michigan-assembled Ford Ranger named ‘most American-made car’ in annual list that includes Tesla for first time
Cars.com reports 70% of shoppers consider a car’s U.S. economic impact a deciding factor and COVID-19 boosted that sentiment
The Michigan-built Ford Motor Co. Ranger pickup, resurrected for the U.S. market in 2019, ranks No. 1 among the most-American-made vehicles, a 15-year-old list for which high-ranking Tesla, which assembles its luxury electric cars in Fremont, Calif., participated for the first time.
Behind the Ford F, -1.35% , No. 2 is claimed by Fiat Chrysler Automobiles’ FCAU, 6.01% Jeep Cherokee, assembled in northern Illinois. Tesla, meanwhile, took three spots among the top 10 on the 2020 American Made Index (AMI), for which Cars.com, the index creator, relies both on company data and its own research.
This is the first year Tesla TSLA, 1.07% has willingly participated in the AMI, shaking up the results. It likely would have ranked high in other recent years as well. Honda Motor Co. HMC, 0.69% and General Motors GM, -0.11% also hold top spots on the index this year.
The AMI ranks cars based on five factors: assembly location, parts sourcing as determined by the American Automobile Labeling Act that dates to the 1990s, U.S. factory employment relative to vehicle production, engine and transmission sourcing. In total, the 2020 AMI ranked cars from 13 automakers built in 14 states.
“Of some 350 cars on the market for 2020, 91 models qualified for our index,” said Kelsey Mays, Cars.com’s CARS, -0.61% senior consumer affairs and vehicle evaluations editor. “The auto industry is highly globalized, but these 91 models bring jobs to America and investments to our local communities — a growing concern for Americans in the current climate.”
“Many consumers presume that today cars are predominantly not built here,” said Mays. “That’s not the case.”
Asked if newly rewritten trade agreements, particularly the U.S.-Mexico-Canada (USMCA) agreement, were expected to change the list of the future, Mays said it’s too soon to tell, but added “the super-home-grown car decline has been a pretty nonpartisan thing.”
The impact of the COVID-19 pandemic on the economy and, in turn, on consumer decisions has impacted car-buying, according to separate research from Cars.com.
It found that 70% of shoppers consider a car’s U.S. economic impact a significant or deciding factor in their vehicle purchase; that’s up from 66% who indicated the same in 2019. The COVID-19 pandemic has further impacted Americans’ desire to “buy local.” The survey found that 37% of consumers indicated they are more likely to buy an American-made car due to the current health and economic crisis, while just 4% said they were less likely.
Tesla CEO Elon Musk controversially defied coronavirus shutdown orders in May to keep his Fremont, Calif., production line rolling. Musk had criticised stay-at-home measures, calling them “fascist” and dared officials to arrest him at one point. His plant was reopened later in the month, with Alameda County approval, after employees were reportedly told the county health department had approved its health and safety plans.
Tesla shares are up 137% in the year to date and up more than 350% over the past year. The S&P 500 SPX, 0.61% is down 3.5% in the year so far, up 5.8% from one year earlier. Ford’s stock performance reveals a 32% drop in the year to date. GM is off 27% over the same span.
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