Global Top 10 OEMs Production Forecast (Q2 2020)
2020 global production forecast is 71.04 million units, major OEM groups down 20% across the board
2020/07/22
- Summary
- Commentary
Summary
⋆An updated version of this forecast report will be released every quarter
- According to LMC Automotive's forecast (as of the 2nd quarter of 2020), the global production of light vehicles in 2020 is expected to decline by 20% compared to a year earlier, to 71.04 million units. Against the backdrop of many vehicle assembly plants suspending operations in the second quarter of this year (April through June) due to severe COVID-19 lockdown measures undertaken worldwide, the second quarter forecast has been reduced from the first quarter forecast (76.89 million units).
- By group, the top three (VW Group, Toyota Group, Renault-Nissan Group) have maintained annual production levels of 10 million units for several years, but in 2020, achievement of this level has been interrupted on a grand scale. The forecast predicts that these Groups will reach 8.77 million, 8.48 million and 7.22 million units, respectively.
Free membership registration allows you to read the rest of the article for a limited time.