Surge in North American light vehicle production continues
September 10, 2012
Light vehicle production in the US surged by almost a third in July 2012 to 650,041 units, bringing the year-to-date total for the country to 6,045,157 units, a rise of some 26.7%.
Canadian light vehicle production also showed a steep rise of 25.4% to 128,448 units in July whilst Mexico was a lower 4.9% increase to 226,381 units. Overall North American vehicle production has increased by 22.6% to 9,176,536 units in the first 7 months of 2012.
European producers, however, have not done as well as their North American counterparts with first half vehicle deliveries totalling 9,592 million units, some 4.8% lower than the same period for 2011 but still better than the first halves of 2011 and 2010.
Key countries posting first half declines in vehicle sales included Portugal, down 44%, Greece, down 41.9%, Italy, down 21.4%, Romania down 15%, France down 13.2% and Spain down 10.4%. Car sales are also down in Turkey by 19.8% in the first half and car output has fallen by 9% to 688,446 according to Turkey’s Automotive Manufacturers Association (OSD).
German car sales and car production figures for the first 7 months of 2012 are flat at 1,882 million and 3,295 million units respectively.
Russia’s car and light vehicle sales grew by 14% year-on-year in July to 255,000 units which was a record for the month. In the first 7 months of 2012 Russian vehicles sales were up 14% to 1.67 million units, and full year sales are expected to reach 2.85 million , an increase of 8% over 2011. AvtoVAZ’s Lada remained Russia’s top selling car brand in July followed by Chevrolet, and the third-ranked Renault. Chinese manufacturers continued to make gains in the Russian market.
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