Global automobile production of light vehicles over the first five months of 2021 (1/2)
- The volume of global production of light vehicles (PCs + LUVs) over the first five months of 2021 shows an increase of 35.5% compared to the first five months of 2020 but a decrease of 12% compared to the first five months of 2019. The comparison with 2019 is more significant because the year 2020 was strongly disrupted by the Covid-19 crisis which resulted in the closure of automobile factories and dealerships.
- This drop of 12% compared to 2019 is greater than that for registrations (-5.1%), proving that stocks continue to decrease in 2021, like in 2020. To avoid excessively long delivery times, some carmakers drive part of their customers to recent used vehicles.
- It should be noted that the production of passenger cars (PCs) fell by 14.9% over the first five months of 2021 while the production of light utility vehicles (LUVs) increased by 0.7%, reflecting a clear difference in the demand for these two types of vehicles. LUVs represent 21.7% of global production in 2021, compared to 20.8% in 2020 and 19% in 2019, with SUVs and minivans being integrated into passenger cars.
- China's share of global automotive production continues to increase, rising from 31% over 4 months 2021 to 33% over 5 months 2021. This growth comes at the expense of Europe and Japan.
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