Evolution of plant utilisation rate in Europe (EU + Turkey) in 2014
 

The utilisation rate of European plants declined last year (from 69% in 2012 to 68% in 2013) but is expected to increase in 2014 due to two key factors: the recovery of the European car market (+5.7 % over 8 months) and strong exports. The closure of the PSA plant at Aulnay in late 2013 also impacted the improved utilisation rate in Europe in 2014.


The utilisation rate of European plants in 2014 should be between 70% and 72% depending on the growth rate of the European market that is currently slowing down (up 8% in the first quarter of 2014, up 4% in the second, up 3 % expected in the third) and the effects of falling exports to Russia (after the Ukrainian crisis). English and German factories (major exporters to Russia) could be the most impacted.


Germany and the UK still remain the two countries whose factories have the highest utilisation rate (88% and 85%) whereas Italy is suffering, since it depends on the Fiat group, whose sales are at a low level currently.


It is expected that during the year 2015 the progress of plant utilisation rates observed in 2014 will be consolidated with the expected growth of the European market (up 3% according to Inovev) and the arrival of new models in plants with overcapacity (Renault Twingo / Smart Forfour in Slovenia, Jeep Renegade / Fiat 500X in Italy), which could be exported outside Europe (Jaguar XE, Land Rover Discovery Sport…).


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