Global automotive production fell by 1.3% in 2018
- Global automotive production (PC+LCV) fell by 1.3% in 2018, for the first time since 2009. The estimated volume is 96 million vehicles, compared to 97 million in 2017 and 95 million in 2016.
- This loss of one million vehicles is mainly attributable to China, which lost one million units in 2018 compared to 2017, due to a domestic market that fell by nearly 3% on a volume of nearly 30 million units. But other countries also experienced production volume decrease, such as Germany (-500,000 units), the United States (-200,000 units), Turkey (-190,000 units), Canada (-125,000 units) or the United Kingdom (-125,000 units).
- The countries with volume increase are mainly India (+334 000 units), Russia (+216 000 units), Thailand (+174 000 units), Romania (+136 000 units), Indonesia (134 000 units), Portugal (+124 000 units) and Brazil (+123 000 units).
- Automotive production (-1.3%) fell more than sales (-0.3%) in 2018 as automakers anticipated a decline in sales in 2019 and therefore slowed the pace of their production at the end of 2018. In addition, the destocking of vehicles to NEDC standards also contributed to the decline in production in Europe, as it took until all these models were sold before production of models to the new WLTP standards began.
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