EU motor vehicle production output nosedived amid the outbreak of the coronavirus crisis. In April 2020, the motor vehicle manufacturing industry across the 27 European member states had a volume index of only 16.4 compared with the 2015 baseline of 100. While production volume started to rebound in May 2020, the global automotive semiconductor shortage had led to a slow slump of the volume index through March 2022, when it reached 72.3.
Production slows down amid pandemic lockdown
France, Spain, and Germany are among the leading producers of motor vehicles worldwide. The production index decreased in all of these countries and has not fully recovered since the outbreak of the coronavirus pandemic in Europe in the spring of 2020, indicating that the production outlook for 2022 remains dim for the millions of people working in the vehicle manufacturing sector. The European motor vehicle manufacturing industry had almost 2.6 million direct employees on the payroll, many of whom were faced with job insecurity from the onset of the pandemic. The COVID-19 pandemic forced factories to stop production in April 2020. Manufacturing facilities in most vehicle-producing regions have been affected after Europe became the outbreak's epicenter in mid-March. By July, many factories reopened, albeit at reduced capacities. European manufacturing firms rely on state aid to pay furloughed workers and prevent long-term plant closures.
Supply chain uncertainties affect restart
Production levels began to climb back towards the end of 2020. However, chip shortages and other supply chain uncertainties became the leading cause of concern between December 2020 and February 2022. As a result, Germany's motor vehicle production index dipped to 56.2 in March 2022, with other regional markets following the same pattern. France and Germany, below the European average volume index in March 2022, were the markets with the highest turnover from motor vehicle and trailer manufacturing in the European Union in 2020.
Volume index of motor vehicle production in selected European markets between January 2020 and March 2022
2015 was set as the base year (2015=100)
Motor vehicle production includes finished motor vehicles and bodies, trailers, and semi trailers, as well as parts and accessories.
Go to Classification of economic activities - NACE Rev.2 and select code C29.
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Eurostat. (June 9, 2022). Volume index of motor vehicle production in selected European markets between January 2020 and March 2022 [Graph]. In Statista. Retrieved August 08, 2022, from https://www.statista.com/statistics/1105196/volume-index-of-motor-vehicle-production-in-europe/
Eurostat. "Volume index of motor vehicle production in selected European markets between January 2020 and March 2022." Chart. June 9, 2022. Statista. Accessed August 08, 2022. https://www.statista.com/statistics/1105196/volume-index-of-motor-vehicle-production-in-europe/
Eurostat. (2022). Volume index of motor vehicle production in selected European markets between January 2020 and March 2022. Statista. Statista Inc.. Accessed: August 08, 2022. https://www.statista.com/statistics/1105196/volume-index-of-motor-vehicle-production-in-europe/
Eurostat. "Volume Index of Motor Vehicle Production in Selected European Markets between January 2020 and March 2022." Statista, Statista Inc., 9 Jun 2022, https://www.statista.com/statistics/1105196/volume-index-of-motor-vehicle-production-in-europe/
Eurostat, Volume index of motor vehicle production in selected European markets between January 2020 and March 2022 Statista, https://www.statista.com/statistics/1105196/volume-index-of-motor-vehicle-production-in-europe/ (last visited August 08, 2022)