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The return to a near widespread business-as-usual bullishness in many of last year’s economies, boosting last year’s global car sales by some 2.6 per cent, has inevitably left its positive mark on last year’s passenger car production
Judged by VDA (Germany’s autoindustry federation) compiled numbers, last year's rise in global passenger car production reached a modest 2 per cent, with same year output reaching an improved 84.8 million units.
Compared with the 77.3m car built as recently as 2014, last year’s global production was 7.5m higher, thanks in large measure to the near linear car production growth seen in China during these same years and a notable jump in EU car production.
Given last year’s only marginally faster advance in sales suggests that in some regions, particularly in Europe, a fair chunk of last year’s car sales likely came from existing stockpiles of cars rather than new production.
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