- Given a growing European market in 2014 (+ 5.5% for passenger cars and + 6.1% for PC + LUV) and ever growing exports, plant utilisation rate in Europe rose from 68% in 2013 to 73% in 2014.
- We are still far from the 85% which was the utilisation rate of European plants back in 2007, but it is gradually getting closer, especially that 2015 should be marked by a domestic market increase (of about 2% according to Inovev) and by the removal of excess production capacity at the beginning of the year, such as Genk and Bochum plants, accountable for a potential 500 000 vehicles produced each year.
- With the termination of excess capacity and a (slight) increase of the internal market along side rising exports (particularly Jeep Renegade, Fiat 500 X, Jaguar XE, Land Rover Discovery Sport), the utilisation rate of European plants could raise to 76% or even 77% in 2015 and even more if more plants were closed.
- By manufacturer, the BMW group, Tata, Hyundai-Kia and Volkswagen are those who have the best utilisation rate of their European plants, while Fiat-Chrysler and Suzuki have a very poor utilisation rate of their plants. Other carmakers are between these two extremes.
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