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Global Light Vehicle Production Outlook

Global Light Vehicle Production Outlook. Quick Take: Global Light Vehicle Outlook – Forecast 2014 vs. 2013. Sales expected to finish at 86 million in 2014 (vs. 79.7 million in 2013) China the biggest sales gainer compared even to entire global regions

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Global Light Vehicle Production Outlook

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  1. Global Light Vehicle Production Outlook

  2. Quick Take: Global Light Vehicle Outlook – Forecast 2014 vs. 2013 • Sales expected to finish at 86 million in 2014 (vs. 79.7 million in 2013) • China the biggest sales gainer compared even to entire global regions • Declines in Australia, India, and especially Thailand, flattening sales results in rest of Asia-Pacific • Europe rebounding – despite Russia/Ukraine problem • North America still solid • Weakness in Argentina, Brazil and Chile cutting demand in South America Global Sales Outlook (in millions)

  3. Global Light Vehicle Production Forecast Volume in millions • Annual production tops 100 million units in 2018 • By 2021, global manufacturers producing nearly 20 million additional vehicles per year from 2014

  4. RegionalOutlook: China • No stopping production juggernaut • China continues to be the driving force behind global production Compound Annual Growth Rate (2014-21) of 4.1%

  5. Regional Outlook: China Top 15 OEMs – 2021 vs. 2014 (millions) • Volkswagen’s annual volume increases by one 1 million units by 2021 • Honda, Renault/Nissan and Geely move up in rank • Though not in the Top 15, several China-based manufacturers will experience strong growth rates between 2014 and 2021

  6. Regional Outlook: Asia-Pacific(less China) • Overall solid growth but mixed bag by country

  7. Regional Outlook: Asia-Pacific(less China) Forecast Production by Country (millions) • Japan remains a major production hub in Asia despite expanded global sourcing by home-grown manufacturers • India gets the majority of volume gains • Labor issues, strong won dampening South Korea outlook • Production projected to end in Australia by 2018 CAGR: Compound annual growth rate

  8. Regional Outlook: Europe • Volume rebounding as long as Eurozone continues economic growth and Russia doesn’t drag down the East

  9. Regional Outlook: Europe Forecast Production by Country (millions) • West Europe stops bleeding capacity to the east • Russia big concern – downgrade outlook if economy fails to show signs of upturn • UK bouncing back as one of lower cost countries to manufacture goods CAGR: Compound annual growth rate

  10. Regional Outlook: North America • Exports more significant but U.S. market still main driver of production volume

  11. Regional Outlook: North America Forecast Production by Country, OEM (millions) • Mexico assembling over 1 million additional vehicles in 2021 from 2014 – capacity to build over 5 million • Biggest growth rates among smallest manufacturers CAGR: Compound annual growth rate

  12. Regional Outlook: South America • Global penetration surges in seven years

  13. Regional Outlook: South America Forecast Production by Country, OEM (millions) • Overall volume and growth mostly dependent on Brazil • Renault/Nissan, Volkswagen forecast for huge volume increases • Smaller manufacturers, spurred by China-based OEMs, will make a bigger dent CAGR: Compound annual growth rate

  14. CONTACT US TODAY: LISA WILLIAMSON lwilliamson@wardsauto.com 248-799-2642 AMBER MCLINCHA amclincha@wardsauto.com 248-799-2622

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