Global auto production volume fell 3.8% in 2019
- The volume of worldwide production followed the 2019 curve of sales. It decreased by 3.8% in 2019 (-4.2% for world sales).
- Only one region, South America, saw its production increase slightly, thanks to Brazil which was able to offset the drop recorded in Argentina.
- All other regions are felt down, especially Asia, due to the significant drop in production in China (-7.5%) which accounts for almost 30% of worldwide automobile production. The decreases recorded in the other regions are much smaller (between -1.5% and -2%) but the important fact is that these regions are all decreasing together (except South America), which didn’t happened since 2009.
- 2020 was first expected to be stable compared to 2019, however the effects of the Covid-19 will be felt both on sales volumes (demand) and on automobile production by itself (parts supply chain disturbed and availability of production human resources).
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