European vehicle makers’ association ACEA says that car production and demand in the EU rebounded in the first months of 2010 compared to the very low levels of 2009.
However, it also said the trend slowed as the year progressed and the impact of temporary factors (ie scrappage incentives) faded. It also said that contrary to passenger cars, production of heavy trucks was still down in the first quarter of 2010.
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New passenger car production in the EU recorded a rebound of 34% three months into the year, compared to the first quarter of 2009. However, production was still 13% down when compared to the first quarter of 2008.
The same picture emerged in the segment of vans. Despite a 51% increase three months into the year 2010, production of vans remained 35% below the pre-crisis level of 2008. Truck production decreased by 5% until April this year and by a whopping 63% compared to the first quarter of 2008.
