Overall, it’s because the U.S. auto industry is more competitive.
Keep in mind, we’re talking about all U.S. auto plants.
The ones run by the Big 3 are more competitive because labor costs dropped and efficiency increased due to changes implemented after the auto industry collapsed.
For foreign automakers, the weaker dollar means exporting from the U.S. is more cost effective.
U.S. built cars and trucks are in demand around the world because we’ve long excelled at building trucks, SUV’s and large sedans. This is why BMW exported more than 87,000 X3 SUV’s from its South Carolina plant last year.
Where are most of the cars/trucks being exported to? According to the Commerce Department, here are the top five countries by value of the vehicles shipped:
- Saudi Arabia
Those countries shouldn’t come as a surprise.