Global automotive production rose 2.3% in 2017
- Global car production (PC + LCV) increased by 2.3% in 2017 compared to 2016, with an estimated volume of 97 million vehicles (compared to 94.77 million units in 2016).
- This growth is two times lower than in 2016 compared to 2015 (+ 4.5%), as the top three car markets, China (+ 3%), the United States (-2%) and Europe (+ 3%) slowed in 2017, which had a direct influence on overall production. The top 20 producing countries maintain their 2016 ranking, except for Brazil and Russia, which each moved up one step in the ranking, thanks to their strong domestic market. On the other hand, Iran and Canada moved down a step due to the stop of production of certain models.
- In 2017, China (+ 2.9%) increased its lead over the other producing countries, in terms of volume, since it exceeds 29 million units, while the second largest producer, the USA (-7, 7%), does not exceed 12 million units. All the countries of the European Union (+ 0.7%) came close to 19 million units. One should note that the fall in the UK market last year impacted German (-0.5%), Spanish (-4.1%) and British (-1.7%) production.
- Among the top 20 producing countries, the strongest growth was registered in Brazil (+ 30%) and Russia (+ 20%).
- For 2018, Inovev expects a growth of 2% in global automotive production.
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