Mar
10

SC Living Up to Expectations as Auto Hub

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South Carolina (SC) is now the leading US state for both vehicles and tyres, bolstering BMI’s view that its business environment is supportive of the state becoming a major hub, especially for tyres ( see ‘Business Environment Makes South Carolina A Tyre Hub’, October 7 2011 on our online service). Moreover, we believe the addition of a brand new plant for German tyre producer Continental, as well as a new model for BMW’s local production line, will contribute to the state’s efforts to cement this position in future.

In 2011, exports of vehicles from SC rose 52% year-on-year (y-o-y), the highest increase of any product shipped from the state. As a result, it overtook Michigan as the country’s leading state for vehicle exports – a position last held in 2009 on the back of BMW’s expanding production and export facility. The German carmaker’s plant in Spartanburg is its global base for SUV production and the state’s export performance and that of BMW have been closely tied. In 2011, the plant’s output rose 73% y-o-y, of which around 70% is exported.

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