Global automotive production fell by 5.5% in the first quarter of 2019
- After falling by 1.3% in 2018, for the first time since 2009, global automotive production amplified this trend in the first quarter of 2019, as over this period it fell by 5.5%, including passenger cars and commercial vehicles, to 31.33 million vehicles, a loss of 1.8 million vehicles compared to the first quarter of 2018.
- It should be noted, however, that the production of commercial vehicles remains stable, with the decline in production being attributable solely to the passenger car category. This decline is caused by a drop in car registrations in most countries, particularly China, the world's largest market.
- China alone has a production loss of 950,000 vehicles in the first quarter of 2019 compared to the first quarter of 2018, more than half of the vehicles lost worldwide.
- Regulation of registrations in China, coupled with declining global economic growth and trade tensions between the United States and China, economic sanctions imposed on Iran and Russia, increasingly stringent regulations for motorists, particularly those driving diesel cars, all caused a sharp slowdown in passenger car sales in 2019. And the coming months do not herald any real signs of improvement. The whole of 2019 should therefore end with a further decline in production volume compared to 2018.
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