Europe: 2021 market and production forecasts
- The European light vehicles market - Passenger Cars (PC) + Light Utility Vehicles (LUV) - reached 13.85 million units in 2020 (provisional data awaiting final data at the end of January), down around 23.5% compared to 2019. This is a fairly weak performance as most of the big global markets recorded much better figures last year such as China (-1.9%), Japan (-11.5%) or even USA (-14.5%). The worldwide market being around -14.2%.
- The European market for light vehicles returns in 2020 to the level of 1994. At the time, the volume of European registrations had not exceeded 14 million units.
- In 2020, for the passenger car market, the Volkswagen group remains largely the European market leader with a 24.8% market share, far ahead of the PSA (15.1%) and Renault-Nissan (13.2%) groups. Next are the groups BMW (7.5%), Hyundai-Kia (6.8%), Daimler (6.7%), Ford (5.9%) and FCA (5.9%).
- 2021 should be a year of transition in Europe, with a slow and gradual exit from the situation known in 2020. This will a priori induce a moderate recovery in sales. The European light vehicles market could therefore represent 15 million units, up 9% compared to 2020.
- For the production forecast in 2021, Europe would increase from 14.02 million in 2020 to 15.88 million in 2021, which represents an increase of 13.2% in one year. This increase is primarily due to the recovery of European markets and also exports, particularly to the USA and China.
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