Global Light Vehicle Assembly of 79.1 Million Units in 2012
The PricewaterhouseCoopers’ Autofacts Global Light Vehicle Assembly forecast says there will be 79.1 million units sold in 2012; with an estimated increase to 83.9 million units in 2013. The European debt crisis, as well as the struggles in key Asian markets, continues to prevent true global recovery within the sector. A strong rebound has taken place in the North American automotive industry.
The Autofact’s forecast says North America is on track to sell 15.3 million units for 2012. The region will also benefit as a result of increased assembly localization from Europe and Japan as automakers look to minimize risk by expanding their global footprint.
“We expect assembly to stabilize within the [European] region over the next year with growth returning mid-2013,” says Michael Gartside, senior automotive analyst, PwC’s Autofacts. “This is on par for an overall recovery in the second half of the year and into 2014.”
Japan is experiencing a significant assembly boost to recover lost inventory during the natural disasters of 2011, but the long-term assembly outlook remains bleak. Autofacts forecasts 9.1 million units of assembly in the country for 2012, which represents peak volumes during the forecast window through 2018.
To download the Autofacts report on Global Light Vehicle Assembly, visit www.autofacts.com.