European exports to the USA and China reached a plateau in 2016
European exports of vehicles to the United States and China reached a plateau in 2016. Indeed:
1/ in the USA, the volume of European exports of vehicles, which had fallen to 650 000 units at the height of the economic and financial crisis of 2009, had increased steadily since then, reaching 1 000 000 units in 2014 and nearly 1,100,000 units in 2015, following the evolution of the US market as a whole. The year 2016 marks a stagnation of these exports, in line with a sluggish US market. According to Inovev, exports are forecast to decline in 2017, for the first time since 2009, due to the US market decline (-3% in the first 7 months of the year) and the transfer of production of the Audi Q5 and VW Tiguan from Germany to Mexico.
2/ In China, the volume of European exports of vehicles increased significantly between 2005 and 2015, from less than 100 000 units to 600 000 units, but the year 2016 marked a halt in this increase, due to the less dynamic Chinese market in which independent Chinese manufacturers are increasing their market share, and the gradually shifting production of German models from Germany to China (Audi, BMW, Mercedes). According to Inovev, these exports are expected to decline in 2017 for the first time since 2005, due to a Chinese market expected to continue to slow and a market share of independent manufacturers expected to continue to rise.
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