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Automotive MMI: Index Rises & Outlook for 2024
While the index remained sideways for most of 2023, the automotive industry itself witnessed its fair share of shifts. For instance, the UAW strike forced numerous changes on the automotive industry while impacting automobile sales and production to varying degrees. Meanwhile, steel price hikes also caused the overall index to fluctuate and shift. All in all, the U.S. automotive industry witnessed numerous obstacles throughout 2023. By the end of the year, the Automotive MMI (Monthly Metals Index) rose 3.33%. A Turbulent Year for Automotive Sales: Significant transformations transpired within the U.S. automotive ... (full story)