US production down 23.2% over 9 months 2020
- While European production shows a decrease of 30.1% over the nine months of 2020 (compared to the same period of 2019), automobile production (passenger and light utility vehicles) in the United States has suffered less from the coronavirus crisis and the decline in international markets (the United States exports fewer vehicles than Europe), since it only fell by 23.2%, which is certainly considerable, but less than what could be expected initially. The United States has lost two million vehicles in production while Europe has lost four million.
- September 2020 has returned to the level of 2019 and 2018, which let us think that the American production will stabilise in the last three months of the year. At this rate, 2020 could end with a decline of 17.5%.
- Which carmakers have managed better? Tesla is the US-based carmaker which declined the less in 2020, with a drop limited to 7% in the nine months of the year. The GM group is only down 14% and this is a surprise, as the Ford group is down 25%, but remaining the largest producer in the United States (1.26 million vehicles produced over nine months 2020) ahead of GM and FCA. The FCA group limits the loss with a drop of 16%, like BMW, while Japanese and Korean carmakers are down 25% to 27%. Finally, the Renault-Nissan group is down 49%, the worst performance recorded in the country.
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