Auto Production Up Despite Global SlowdownWilliam Malcolm
After a slight dip in the first half of the year, auto production has begun ramping up. From January to July, output grew 1.4% to 834,247 passenger cars and light commercial vehicles.
Skoda Auto produced 512,042 vehicles, an increase of 1.7%, while Kolín TPCA increased production by 4.5% to 134,455 vehicles. Hyundai Nošovice is down 1.3% producing 187,750 cars.
The increase in production and export of passenger autos shows the competitiveness of domestic automakers. Despite the decline in sales in Europe in the first half of 2019, they’ve maintained their market share in the top markets. Barring any dramatic changes in the economy, the Auto Association forecasts the trend will continue through the end of the year.
Despite slowdowns in Europe and China, domestic manufacturer’s sales grew 2% to 771,519 vehicles.