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WORLD
AID EXCLUSIVE
Striking differences in global car production fortunes
last year

Striking differences in global car production fortunes were spotted last year, and the contrast between growth and contraction in the world’s various car production regions could barely be sharper

Published: Wed, 30 January 2013 15:44:01 GMT
 

Hyundai's new Brazilian production facility
Hyundai's new Brazilian production facility

Despite a mixed bag of fortunes, AID’s provisional set of full year 2012 figures suggests that growth in last year’s global car production reached just under 7 per cent, fuelled in the main by North America, where last year’s light vehicle output soared 17.4 per cent from a year earlier on the coattails of a double-digit expansion in last year’s US sales.

There was more help from Japan, where output rocketed ahead by almost a quarter.

But that compares to the low levels seen only the year before, when the earthquake in Japan and floods in Thailand caused unprecedented disruption to car production.

Another disappointment for market observers was India, where last year’s passenger car production remained largely unchanged, thanks to a meagre 3.8 per cent rise in last year’s domestic sales.


17.4%
Last year's North American light vehicle output expansion on the previous year


Apart from a few isolated bright spots such as the UK, car plants in Western Europe felt the brunt of the lingering eurozone crisis.

Based chiefly on last year’s known car production in most major markets, last year’s car production in Western Europe is estimated to have slipped by close on 9 per cent, according to provisional AID estimates.

There was better news from Eastern Europe. Both Russia and Slovakia in particular stand out as relative bright spots in Europe’s otherwise gloomy car production scene.

Provisional indications are that last year’s healthy expansion in both Russia and Slovakia was sufficient to make up at least some of the slack from the region’s otherwise faltering car production.

But last year’s trendbucking car output gains in Russia and Slovakia, where according to provisional AID estimates output grew by a respective 13 and a striking 40 per cent, the sudden bounce in car output seen there was almost entirely due to special factors
...more 


DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

WORLD PROVISIONAL CAR PRODUCTION by REGION:
WORLD new PASSENGER car PRODUCTION: by REGION 2012 VS 2011

 

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