MenuMENU
SearchSEARCH

Worldwide Auto Production Outlook Up

One forecast puts output up about 200,000 units in the first quarter.

May 6, 2024
Worldwide Auto Production Outlook Up

The AutoForecast Solutions projection has production up in all regions except western Europe.

Credit:

Pexels/Charles Parker

1 min to read


A global light-vehicle production outlook is up this month by about 180,000 units to 91.5 million for the year.

The AutoForecast Solutions projection has production up in all regions except western Europe, which it revised down about 20,000 units, largely due to a reduced estimate for Germany.

North American production was stable in the quarter, according to the forecast, up 2% year-over-year to 16 million for the year.

It estimated Jeep maker Stellantis’ North American production is down 22,000 units due to reduced full-size Ram truck and Jeep Wrangler production that has been partly balanced by more Jeep Compass output.

The forecast puts Asia-Pacific production up 70,000 units to 52.24 million on the strength of output in India, whose forecast rose 100,000 units over the April estimate.

US Automakers Get EV Sourcing Reprieve

More Dealer Ops

F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
IndustryNovember 27, 2024

Six Powerful Questions

Take the time to answer these and lay the groundwork for a successful year-end.

Read More →
Dealer Opsby Hannah MitchellSeptember 19, 2024

Sunny Side Up

Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.

Read More →
Ad Loading...
IndustryAugust 26, 2024

Is It Time to Rethink Business Development Centers?

Their role at automotive dealerships is essential today to give salespeople time to close deals.

Read More →
Product & Technologyby Hannah MitchellAugust 22, 2024

A Backup Plan

DMS outage revealed a gap that dealers may want to fill.

Read More →
Dealer OpsAugust 20, 2024

Maximizing Revenue Potential

The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.

Read More →
Ad Loading...
IndustryAugust 7, 2024

How to Optimize Liquidity in a Fluid Environment

It's wise to not take your dealership's banking relationships for granted.

Read More →
IndustryJuly 29, 2024

Unlocking the Keys to Success

Why customer retention matters now more than ever

Read More →
Dealer Opsby StaffJuly 23, 2024

Store Names First Female Dealer Principal

Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.

Read More →
Ad Loading...
IndustryJuly 18, 2024

Masters in Training

Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.

Read More →