Global automotive production (VP + LCV) fell 4.9% in 2019
- World car production (VP + LCV) decreased by 4.9% in 2019, after a drop of 1.3% in 2018. The volume of production VP + LCV (including heavy goods vehicles) is according to Inovev of 91,870 000 units, against 96,583,000 units in 2018 (a loss of 4,713,000 units) and 97,843,000 units in 2017. These figures are the result of calculations made by Inovev because a number of manufacturers no longer communicate their figures for production for ten years.
- The decline in world production is mainly due to China, which manufactured 25,720,000 vehicles in 2019, compared to 27,809,000 in 2018 (representing a loss of 2,089,000 units) and 29,026,000 in 2017.
- But other countries have also seen their production decrease significantly, such as India (-670,000 units), Iran (-500,000 units), Germany (-480,000 units), the United States (-345,000 units), Great Britain (-222,000 units), Mexico (-185,000 units), Argentina (-156,000 units), Thailand (-150,000 units), Turkey (- 118,000 units) and Canada (-100,000 units). Other countries experienced declines of less than 100,000 units.
- We observe that the drop in automobile production is general in 2019, but we must qualify this poor result by noting that the figures forecast for 2020 will be much worse still, due to the coronavirus crisis which will spread in the whole world. The drop in the volume of automobile production (-25% approximately) will be the most significant since the Second World War, and it will be necessary to wait until 2021 to witness a real rebound.
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