Made in the USA: Weak Dollar Boosts Local Production

The US dollar has been dropping relative to other currencies including the Euro and the Yen, hitting a historically low level compared to the last 30 years. This means that imported goods of all kinds, including automobiles, are now more expensive in the States. However, on the other hand, the weak dollar has made US exports cheaper and therefore more competitive in the rest of the world.

This is especially good news for US car manufactures notes Edmunds.com analyst Michelle Krebs: “The weak dollar is good for manufacturers in the US, whether they're the Big Three of German or whatever, because they can export at an advantage”.

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