- The European automobile production (including Russia, Turkey and Ukraine) reached a volume of 12,394,016 units (passenger cars – PC and light utility vehicles - LUV) in the first 9 months of 2021. This result represents an increase of 7.3% compared to the first 9 months of 2020, but a decrease of 24.7% compared to the first 9 months of 2019. The production results were very bad in the third quarter of 2021, especially compared to the third quarter of 2020 and even more compared to the third quarter of 2019.
- According to carmakers, this poor performance can be explained by an insufficient supply of semiconductors, which despite everything remains a cyclical event. There is also a structural cause, namely an overall slowdown in demand for new vehicles.
- By country, Germany remains the largest producing country in Europe (2,514,014 PC + LUV) but the gap is narrowing with Spain (1,792,256 PC + LUV), France (1,066,048 PC + LUV) and the Czech Republic (868 351 PC + LUV). Note that Russia produced 1,023,289 PC + LUV, ie a little less than France, and Turkey 773,851 PC + LUV, or a little more than Great Britain (707,697 PC + LUV).
Contact us: info@inovev.com