Forecast: European automotive production to hit pre-recession highs by 2014
13 May 2010
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路听听听听听听听 2010 expected to see year-on-year rise from 16.1 million units to 17.2 million units.
路听听听听听听听 Production volumes expected to reach 20.4 million by 2014, back to 2007 levels.
路听听听听听听听 SMMTlaunches range of new interactive products to improve access to European automotive production intelligence.
Forecasters are predicting a more positive outlook than first expected for European automotive production during the next four years, with a strong indication that output will return to the pre-recession highs of 2007 by 2014.聽
According to the latest 鈥European Car and LCV Production Outlook Report鈥, commissioned by the Society of Motor Manufacturers and Traders, the recovery in production volumes has been underpinned by better than expected performances from several vehicle manufacturers and specific models. 聽It is expected that European volumes in 2010 will reach 17.2 million units compared to 16.1 million in 2009.聽By 2014, production volumes are expected to grow to reach 20.4 million, back to the levels achieved in 2007.
鈥淎lthough vehicle production volumes across Europe fell by more than 2.8 million units in 2009, there is increasing confidence regarding 2010 and beyond, thanks to the acceleration of new model programmes and the strong performance by many vehicle manufacturers over the first quarter of 2010,鈥 comments Paul Everitt, SMMTchief executive. 聽
An executive summary of the report is available as part of a new online package launched by SMMTto help increase access to crucial automotive production intelligence.聽The new package, called the 鈥European Production Outlook Suite鈥, is an interactive tool kit which will help interested companies track vehicle production trends across Europe.聽
As part of the new range of tools, SMMThas launched:
–听听听听听 An Executive Summary highlighting the key points made in the full report.
–听听听听听 A new 鈥楽MMTmember services鈥 channel on YouTube, home to ten minute analyst briefing videos, delivered by the author of the report summarising the key trends.
–听听听听听 A free interactive European production outlook map, available via the SMMTwebsite, which is continually updated to show detailed information covering all the major production plants across Europe.聽The map provides production figures by model, units produced, plant names, locations, group names and marques.
听听听
To mark the launch of the suite, SMMTis providing free copies of the 鈥楨uropean Car and LCV Production Outlook: Executive Summary鈥 to non-members for a limited time only.聽The new interactive map and briefing videos are free to members and non-members.
To view the analyst briefing videos click .
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