The share of seaborne auto imports will decline this year and for the next two years before leveling off at slightly above 20 percent, according to forecasts by IHS Automotive.
Ever more autos are being made in plants foreign automakers have set up in the U.S. and its North American Free Trade Agreement neighbors. As a result, the share of the U.S. market controlled by auto imports is on the wane after years of growth, while the share of the market controlled by “foreign-badged” cars made in the U.S. is rising.