World car production has been the lowest since the crisis of 2010

Car production fell by about 16 percent last year, recording the worst result since the 2010 crisis. The reason is the pandemic of the new coronavirus, which significantly affected, among others, the automotive sector. The International Automobile Manufacturers Association (OICA) informed about it on Thursday. According to OICA, less than 78 million cars were produced worldwide in 2020. This is roughly the level of 2010, when economies were struggling with the consequences of the global financial crisis. By comparison, in 2019, global car production fell by almost 5 percent. In Europe, production fell by more than 21 percent. The decline was recorded in all key markets, with the extent of the decline ranging from 11 to almost 40 percent. Europe accounts for about 22 percent of global car production. In North America, production fell by more than 20 percent, in the United States alone, the decline was 19 percent. Car production in South America fell much more sharply, by as much as 30 percent. Of this, the decline in Brazil was almost 32 percent. Production also fell sharply in Africa, by more than 35 percent. On the other hand, Asia was doing relatively well, although at the beginning of the year it was the first to struggle with the problems associated with the spread of the new coronavirus. Although production fell, the decline reached only 10 percent. The Asian market was attracted mainly by China, where car production fell by only 2 percent last year. Asia is the largest region in terms of car production. It accounts for about 57 percent of global production.