Global automotive production increased by 3.3% in 2014
- According to Inovev estimates, global automotive production (PC + LUV) excluding CKD increased by 3.3% in 2014 compared to 2013, to 87.6 million units (against 84.8 million in 2013 ). Thus the market remains on a stable growth rate, almost identical to last’s years, 2013 having ended at a 3.4% increase in production compared to 2012.
- Taking into account the 40 largest car producing countries, 25 have increased their production volume in 2014, while 15 have reduced their volume of production, which reduced global growth as whole last year .
- Out of these 15 countries, first we have those that have seen their domestic market decline in 2014, such as India, Brazil, Thailand, Russia, Argentina, Venezuela and Ukraine, which had an impact on the production volume of these countries.
- For other countries, the decline in production was due to other factors: the UK lost the production of the Renault Trafic last year (transfer to France), Belgium suffered from the closure of the Ford factory in Genk, Romania suffered from the transfer of the Dacia Sandero to Morocco, Sweden terminated the production of the Volvo XC90 this year, Austria suffered from the end of life of the Mini Countryman / Paceman which will be replaced in 2016.
- It is to noted that the first four automotive countries (China, USA, Japan, Germany) which have increased their production volume last year achieve as a whole 58% of world production in 2014, against 57% in 2013.
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