European production fell by 2.1% in 2018
- European automotive production (PC+LCV) fell by 2.1% in 2018 to 18.4 million units from 18.8 million in 2017. This drop in production, which even reached 2.9% for passenger cars alone (15.99 million units compared to 16.46 million in 2017), is explained by the decline in registrations in many markets.
- Exports to regions outside Europe (29 countries) thus lost 200,000 units in 2018 compared to 2017, i.e. half of the 400,000 units lost in total European production. The second half (200,000 units) was lost within the European Union itself, where some markets were in decline, and where markets in general showed more demand for imported vehicles (+300,000 units), particularly from Turkey, Japan and Korea.
- Despite a sharp drop in its production in 2018 (-9%), Germany remains by far the leading European producer with 5.54 million PC+LCVs, ahead of Spain (2.80 million units; +2%), France (2.31 million units; +4%) and Great Britain (1.61 million units; -9%), where production fell even before the introduction of Brexit.
- Among the smaller producing countries, there was strong growth in Romania, which benefited from the introduction of Ford Ecosport (+44%), Portugal (+68%), which benefited from the introduction of VW T-Roc, and Austria (+68%), which benefited from the introduction of Jaguar E-Pace and I-Pace.
Contact us: info@inovev.com