Global automotive production rose 2.7% in the first 10 months of 2017
- Global automotive production (PC + LCV) increased by 2.7% over the first 10 months of 2017, to more than 76 million units, a figure that follows the growth in global automotive sales (+ 2.8% on the same period). From these figures, it can be deduced that in general, vehicle stocks are tending to decrease. At the current pace, global production (PC + LCV) could reach 92 million units over the whole of 2017.
- It is surprising to note that the top five producing countries are also, and in the same order, the top five countries consuming vehicles: China, USA, Japan, Germany, and India. China accounts for 31% of world production and 29% of registrations, the USA 13% of world production and 19% of registrations, Japan 11% of world production and 6% of registrations, Germany 7% of global production and 4% of registrations and India 5% of world production and 4% of registrations.
- After these first five countries, the ranking differs between producing countries and countries of registration, because some countries export more than they import (like Korea, Spain or Mexico) while others import more than they export (like England, Italy or Russia). In an up-coming analysis, Inovev will review those countries where the production is greater than the number of registrations and those where the production is lower than the number of registrations.
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