Spanish automobile production in 2017 returns to its 2005 level
- Spain's car production (PC+ LCV ) returned to its 2005 level in 2017, after falling sharply between 2007 and 2012 (minus one million vehicles in five years), following the financial crisis of 2008-2009 and its impact on the European car market which fell to the lowest levels of the decade.
- Moreover, markets in the South (Spain, Italy, Portugal, Greece) were the most impacted.
- Resurgence of Spanish production materialized as of 2014 and continued until 2016. The year 2017, however, marked a slight decline in Spanish production.
- As to the situation by manufacturer, Opel, now owned by PSA, lost a lot of influence between 2007 and 2012. Its market share went from 8.5% to 6.5% in five years, in a shrinking European market. Ford also lost influence as its market share in Europe decreased from 8.5% to 7.5% in five years. The negative evolution of these two manufacturers explains in part the fall in Spanish production between 2007 and 2012.
- In 2017, only the Renault-Nissan, Volkswagen and Daimler groups have a production volume higher than that of 2005. If Ford managed to maintain a production volume comparable to that of 2005, it was because it had to transfer all its Belgium production to Spain in 2014, resulting in the closure of its Belgian factory.
Contact us: info@inovev.com