Global automobile production (passenger cars and utility vehicles) remained stable in 2024
- According to Inovev estimates, the volume of global automotive production (PC+UV) remained stable in 2024 compared to 2023, with a production volume of 91.5 million vehicles (passenger cars, light utility vehicles, heavy and medium utility vehicles and buses), which tends to demonstrate that carmakers continued to destock last year, but less than the previous year, the global automotive market having grown by 1.7% last year.
- Europe and Asia produced fewer vehicles than the previous year. In Asia, the increase recorded in China (+1,115,000 units) could not offset the decline recorded in Japan (-685,000 units), Thailand (-375,000 units), Indonesia (-205,000 units), and Korea (-145,000 units). The two Americas recorded a slight increase (around +1.5%). Finally, the most dynamic region is Russia, which increases from 615,000 units in 2023
to 756,000 in 2024, thereby compensating for the temporary halt in production in Serbia, Ukraine, and Belarus.
But we are still far from returning to the levels reached before 2022.
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年度分析报告
