Global car production plunged in 2020, say automakers

Published March 26, 2021
Global production of automobiles tumbled by 16 per cent last year to a level last seen in 2010. — AFP/File
Global production of automobiles tumbled by 16 per cent last year to a level last seen in 2010. — AFP/File

PARIS: Global production of automobiles tumbled by 16 per cent last year to a level last seen in 2010 as the industry was pummelled by the coronavirus pandemic, an international carmaker association said Thursday.

With a drop to less than 78 million units sold, the auto sector faced “its worst crisis ever,” the president of the International Organization of Motor Vehicle Manufacturers (OICA), Fu Bingfeng, said in a statement.

A breakdown of the organisation’s data showed that in Europe, the drop in output was 21 per cent, while in North America it fell by 20 per cent and in South America by 30 per cent.

In Asia however, which accounts for half of all vehicles produced worldwide, the decline was more modest, at 10 per cent.

Chinese production “which was hit hard in 2020’s first months, recovered very quickly; all in all, the Chinese reduction in production has been limited to only two per cent,” the OICA statement noted.

The full-year figure was “equivalent to 2010’s sales levels,” it added while Fu said: “The 2020 results wipes off all the growth made over the last 10 years.”

Published in Dawn, March 26th, 2021

Opinion

Editorial

Beyond the pale
Updated 09 Aug, 2022

Beyond the pale

When such ugliness is unleashed, everyone at some point suffers the fallout.
Burying Gaza
Updated 10 Aug, 2022

Burying Gaza

One fails to understand how the senseless killing of a child can be brushed so coldly under the carpet.
Celebrate the athlete
09 Aug, 2022

Celebrate the athlete

TALK about delivering on your promise: javelin thrower Arshad Nadeem did that in the grandest style at the...
An unseemly dispute
08 Aug, 2022

An unseemly dispute

THERE is clarity, but perhaps not of the kind that Chief Justice of Pakistan Umar Ata Bandial hoped to achieve when...
Unfair on taxpayers
Updated 08 Aug, 2022

Unfair on taxpayers

Unfair move has drawn valid criticism as it coincides with drastic increase in income tax on salaried people and corporates.
Polio nightmare
08 Aug, 2022

Polio nightmare

AS if the resurgence of polio in southern KP were not enough, officials and international monitoring bodies must now...