PC Global production is expected to reach 90 million units in 2020
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- PC Global production is expected to reach 90 million units in 2020. Inovev grouped in its calculations PC based on the European car classification and incorporated North American vehicles considered as "light trucks" (minivans SUVs and crossovers), but which are recorded as PC in all other regions of the world. The ranking is thus globally harmonized.
- Since 2005, except for two years of global financial crisis in 2008 and 2009 car production has grown steadily between 3% and 6% per year. Nevertheless two catching ups took place, one in 2010 (+23.6%), which followed two years of decline (-2.6% in 2008 and -10.8% in 2009), the other in 2014 (+7.0% provided by Inovev) following a year 2013 marked by a growth two times lower than in 2012.
- Inovev nevertheless expects a slowdown in global car production starting from 2015 (+4.3%) which should gradually decline to about 2% per year starting from 2018.
- In this context, the automotive industry will continue to move from the West (Europe) to the East (Asia), with China accounting for 25% of world production in 2013 will represent 30% in 2019. Europe (EU) accounted for 20% of world production in 2013 will account for 19% in 2019.
Read more... PC Global production is expected to reach 90 million units in 2020
The production of Europe’s major groups by segment
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Read more... The production of Europe’s major groups by segment
Volvo increases the capacity of its Swedish plant of Gothenburg
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Read more... Volvo increases the capacity of its Swedish plant of Gothenburg
The evolution by body of the European car market (17 countries)
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Read more... The evolution by body of the European car market (17 countries)
The evolution segment by segment of the European car market (17 countries)
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- The European car market 17 countries experienced a decline of 2% in 2013 compared to 2012, a smaller decline in 2012 compared to 2011. Since 2007 this market has decreased by 22%.
- When analysing the evolution of the European market segment by segment between 2000 and 2013, we can see that the volume of each and every segment has declined, but segment D declined more than others (-41.7%). Only segment F maintained its levels between 2000 and 2013 (stable). Segments C and B , however, only declined slightly and remain well ahead of other segments.
- C and B segments have increased their penetration rate between 2000 and 2013 (from 34.7% to 38.8% for segment C and from 25.8% to 30.5% for segment B). Segments D and E saw a decrease in their market share (from 18.9% to 13.3% for segment D and from 10.4% to 7.4% for segment E). The segments A and F remained quite stable (from 9.6% to 9.3% for segment A and from 0.6% to 0.7% for segment F).
- To sum up, the gap between segments B-C and segments A-D-E-F increased significantly between 2000 and 2013. Besides known factors (rate of use, congestion, purchase prices ...), diversification of bodies (essentially MPV and SUV / Crossover) has probably enhanced the attractiveness of vehicles from segments B and C.
Read more... The evolution segment by segment of the European car market (17 countries)