Global automotive production down 4.8% year-on-year in 2019
- Global automotive production (PC+UV) is down 4.8% year-to-date in the first nine months of 2019, compared to the first nine months of 2018, and it is likely that over the year as a whole, the decline will be close to 5% because there is no real sign of improvement on the horizon.
- The automotive markets are almost all down, pulled by the first of them, China, and the volume of the automotive production only reflects what is really happening on all markets.
- Passenger car production declined by 6.2% while commercial vehicle production fell by 0.9%. Compared to the world car market, the difference is due to the storage or the destocking of this type of vehicle.
- By manufacturer, we saw recently that the world ranking of the first 12 groups had been totally turned upside down by the significant decline of the Chinese market, Volkswagen, GM and Ford having each lost a place.
- By country, China sees its production decline by 11.4%, while that of the United States loses 2.1% and Europe 1% only. Turkey loses 9.4% of its production, India -13.7%, Argentina -33.8% (because of its depressed market), Canada -4.5%, Mexico -1, 2%, Russia -2.2%.
- Remaining up, Brazil (+ 1.7%), Japan (+ 3.0%) and South Korea (+ 0.8%). Among the small producing countries, Morocco impresses with an increase of 8% of its production.
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