Passenger car production slows down
ČTK |
19 September 2012
Prague, Sept 18 (CTK) - Passenger car production in the Czech Republic grew by 2.2 percent to 804,152 vehicles in January-August, a slowdown compared with the January-July period when car output rose by almost 4 percent, according to data of the Automotive Industry Association (SAP).
Car production in Hyundai Nosovice and Skoda Auto increased in a year-on-year comparison, while production in TPCA Czech decreased, SAP director Antonin Sipek said.
The slowdown is related to the development on the European car market.
According to the European Automobile Manufacturers' Association (ACEA), sales of passenger cars in EU member states dropped by 8.9 percent in August. A month earlier, passenger car sales in the EU fell by 7.8 percent.
Production of lorries in the Czech Republic rose by almost 14 percent to 939 vehicles. The growth was driven mainly by increased production in lorry maker Avia which raised output by almost 75 percent to 630 vehicles this year.
In contrast, production of buses stagnated at 2,023 vehicles.
Motorcycle production rose by 92 percent to 1,639 vehicles thanks to motorcycle producer Jawa Moto.
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Comments
The slow down in car production, and subsequent sales, of passenger cars in comparison to previous months or years is not that surprising, especially in exports to certain countries.
Several academic studies, a prime one being the University of Michigan, provide indication that in eight major countries, young people are changing attitudes to driving and to obtaining drivers licenses in these countries.
They are delaying entering the motoring public until in their mid to late thirties.
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