Production forecasts in Europe in 2016 (PC + LCV)
- European automotive production (29 countries) of PC + LCV in 2016 shall depend primarily by the level of sales in the area,of which a small percentage of growth is expected (around 3%) compared to the strong growth in 2015 (over 9%), the largest since fifteen years. European automotive production should therefore show small growth, which Inovev expects to be of around 2%.
- The production volume in Europe should therefore just pass the threshold of 18 million vehicles in 2016(against 17.9 million in 2015, 16.9 million in 2014 and 16.2 million in 2013), still a distant figure from 20 million reached in 2007.
- The slowdown in exports (mainly to China and North America) is expected to affect the level of European production, especially as the transfer of production to China and North America will add to the growth slowdown of these markets.
- The transfer of models from the Audi, BMW and Mercedes brands in particular will create a shortfall in European plants.However, as the level of production in 2016 will remain close to that of 2015, and no plant closure or opening is scheduled for that date in Europe, the plant utilization rates in the region will remain high (around 82%). This will be the second highest rate for 10 years behind that of 2007 (85%).
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