Global production of vehicles fell by 16,1% in 2020
- According to Inovev's calculations, global production of vehicles (passenger cars - PC and light, medium and heavy utility vehicles - UV) would have fallen by 16,1% in 2020, following the coronavirus crisis. Quantified volumes are not final because some countries have not yet communicated their figures, but the sample on which Inovev is working is sufficiently representative.
- The most critical period was spring 2020 (from mid-March to mid-June) when many plants closed between one to two months depending on the country and the carmakers. The level of production in the second half of 2020 returns to the level of 2019, but it should be remembered that the second half of 2019 was less good than the second half of 2018, 2017 and 2016. In addition, the production did not follow the market, as more vehicles were sold for several months than were produced, resulting in reduced stocks. In conclusion, the production decline has been stronger than the market decline, globally, and the year 2021 should be among other things the year of restocking.
- China having suffered less from the coronavirus crisis than most other countries, this country has consolidated its lead in 2020 in terms of volume produced. From 31% of world automobile production (PC+UV) in 2019, China rose to 36% in 2020. The other countries have reduced their influence: Europe has fallen from 19% of world production in 2019 to 15 % in 2020, the United States from 14% to 13%. Japan has managed to maintain its share of 11% of world production. South Korea has also managed to maintain its share, at 5% of world production, as Asian countries have been less affected by the crisis than other countries.
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