Due to the Covid-19 pandemic economic global car production fall down about 20%. it has downturn had a devastating effect on the global car industry in 2020.
The target for total car production in the world in the outgoing year was 89 million units. But 71 million units of cars have been produced, which is about 18 million units or 20% less than the target. LMC Automotive a car review company has released this information.
Car production in Europe and North America has been off for a long time since April last year. Ford’s electric car model, the Mustang Mach-E and the Tesla Y model disrupted the production of various models of cars from various companies.
On the other hand, China has already resumed the production of most of its automobiles. Others are trying. LMC says the European-American car industry will also turn around. But their recovery will be slower than in China. Car production in China fell 12% in 2020.
Meanwhile, in the outgoing UK, the production of new cars has come down by about one-third to 921,000 in 2020. This is the lowest number of cars produced in the country in the 36 years since 1984.
He said the main reason for the low number of cars produced in this generation was the closure of factories due to the Coronavirus epidemic and declining customer demand.
He also said that the introduction of the vaccine as well as the European Union (EU) trade agreement has given hope for the current 2021.
The UK’s largest car market is the EU, where 53.8% of the country’s cars are exported.
The United States, Japan and Australia — the UK’s car exports to these three countries fell by 33.7%, 21.6% and 21.8% respectively. However, exports to China rose 2.3%. South Korea grew by 3.6% and Taiwan by 16.7%.