Global automotive production increased by 3.5% in 2021
- According to Inovev's calculations, global vehicle production (PC+LCV) increased by 3.5% in 2021, which is less than expected in 2020. According to manufacturers, the semiconductor crisis would be responsible for this situation (after a year 2020 marked by the coronavirus crisis), but it is possible that the sharp increase in the average price of cars will slow down purchases and encourage potential customers to keep their vehicle longer. Compared to 2019, global production (PC+LCV) is down 13%. The second half of 2021 was significantly worse than the first half of 2021, as the gap between sales volumes then increased compared to 2019 and even compared to 2020, but the month of December returned to the level of previous years, which bodes well for a gradual improvement in the situation.
- China, which is one of the few countries to see its production increase in 2021 (+3.3%), represents 33% of global automotive production, ahead of Europe 29 countries (17%), the United States (12%) and Japan (10%). These four markets represent 72% of global automotive production, with disparities in flows, since China imports and exports few vehicles, compared to the volume of its production, while Europe exports and imports a significant amount. of vehicles, that the United States imports far more than it exports (despite the performance of Tesla, which exported 92,000 vehicles last year) and that Japan exports far more than it imports (this country exports half of its production while Japanese manufacturers already have many factories transplanted abroad).
- For 2022, Inovev expects a 5% increase in global production.
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