Federal Register - November 8, 2021
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Source: Federal Register
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Federal Register / Vol. 86, No. 213 / Monday, November 8, 2021 / Notices
Figure 15: Increase of U.S. Producer Price of Automobiles Compared to the Price of Imported Automobiles NAICS 33611
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-Domestic PPI 100= Dec 200S
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-Import Price 100= Dec 200S
Source: Bureau of Labor Statistics, PPI Database, adjusted by Department of Commerce. Data adjusted to rebase the index period to December 2005.
When this analysis is disaggregated by passenger vehicles and light trucks for a more recent comparison period, TEXT REDACTED, as shown in Figures 16 and 17 below. With respect to passenger vehicles, TEXT
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Figure 16: AUVs of Passenger Vehicles:
Domestic Production vs. Imports TEXT REDACTED
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Figure 17: AUVs of Light Trucks:
Domestic Production vs. Imports TEXT REDACTED
A more detailed examination of import prices reveals that differences in prices have been most significant with respect to imports from TEXT
REDACTED. TEXT REDACTED.96
95 U.S. Producers Survey Responses, Questions 2b; Department of Commerce, Census Bureau.
96 U.S. Producers Survey Responses, Question 2b; see also Mike Monticello, Are Pickup Trucks Becoming the New Family Cars?, Consumer Reports, Feb. 22, 2013, https www.consumer reports.org/pickup-trucks/are-pickup-trucksbecoming-the-new-family-car/.
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Figure 18: AUVs of Passenger Vehicles:
Domestic Production vs. Imports TEXT REDACTED
Figure 19: AUVs of Light Trucks:
Domestic Production vs. Imports TEXT REDACTED
Low-priced imports have placed significant competitive pressure on U.S.
producers throughout the market by preventing the price increases that would otherwise have occurred. As explained below, from 2013 to 2017, TEXT REDACTED, while during this period, the industrys total cost of goods sold COGS TEXT REDACTED
from TEXT REDACTED.97
Accordingly, the TEXT REDACTED.98
In short, imported automobiles have prevented American-owned automobile producers from increasing sales prices TEXT REDACTED in producers costs for producing vehicles in the United States. As explained in Section VI.B and VI.C, this has negatively impacted 97 U.S. Producers Survey Responses, Questions 2b and 3.
98 U.S. Producers Survey Responses, Question 3.
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American-owned producers ability to invest in technological advancements that are critical to U.S. national security needs.
B. Imports of Automobile Parts in Such Quantities as Are Presently Found Threaten the Viability of the U.S.
Automobile Parts Industry The automobile parts industry is experiencing a significant revolution in technological advancements. In the area of intelligent mobility technology, over the past decade, the electrical components industry has made significant strides in advanced sensor systems, vehicle automation, and vehicle connectivity. All major international automobile producers are heavily investing in technology, and advancements in electronic components are expected to accelerate over the course of the next decade as automobiles transition to full automation capabilities. In the area of light duty vehicle propulsion, automobile engine and transmission technologies have rapidly progressed because manufacturers, in response to
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