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Romanian passenger car production increases 7.7% y/y in February
11 March 2020Tim Urquhart, B.A.
Romanian passenger car production rose in February by 7.7% year
on year (y/y) to 48,038 units, according to official data released
by the Association of Automotive Manufacturers in Romania
(Asociatia Constructorilor de Automobile din ROMania: ACAROM). The
plant in Pitesti that houses Dacia's production activities in the
country manufactured 27,883 units during the month, while the
Craiova plant operated by Ford produced 20,155 units.
Significance: Romanian car production bucked
the trend in February, when many production centres globally
witnessed weakening demand in line with softening macro indicators,
even before the effects of the coronavirus disease 2019 (COVID-19)
virus outbreak were fully beginning to be felt. However, the uplift
in Romania was largely the result of production of the new Ford
Puma being ramped up at the Craiova plant, with this making up for
a corresponding drop-off in EcoSport numbers at the facility.
February's number is in line with a full-year 2020 production
forecast for Romania of 535,000 units, up from 490,000 units in
2019, although this is of course subject to revision.
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