ACEA report says EU vehicle production is recovering

ERJ staff report (DS)

Brussels -- ACEA, the federation of EU vehicle producers has issued its economic report for 2010.

The report said, "With the phasing out of stimulus measures, new passenger car registrations fell by 5.6 percent in 2010, compared to 2009. The demand for vehicles emitting less than 120 g CO₂/km rose by 20 percent, up to a total of 3.9 million cars. This is 29 percent of the total demand for new cars."

Globally, car production increased by 22.4 percent in 2010, after a 9.6 percent downturn in 2009. In total, 58.3 million cars were manufactured in 2010. The EU was the biggest producer, accounting for 26 percent of world car production. China, at 13.9 million units produced , saw its output growth four times higher than production growth in Europe, expanding by 33.8 percent compared to 8.3 percent growth in Europe in 2010. Japan, the world's third largest producer, manufactured 21.1 percent more cars than in 2009, followed by South Korea (+22.4 percent), Brazil (+9.8 percent), India (+29.4 percent) and the US (+24.4 percent).

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2010 Economic report from ACEA