Speaking at the event “The Automotive Industry: the engine of the Romanian economy,” ACAROM head Constantin Stroe said the global automobile production rose 3% and global car sales also grew 3%. He also said that 17 million vehicles were produced in the European Union, 5% more than in 2014, but were sold only 14 million, 18% fewer than a year ago.
Stroe also said that Romania produced 5% fewer vehicles, to 391,000 units, and not because of Dacia. He added that 47 million vehicles were produced in Asia and 42 million units were sold, 85% more than in 2005, in terms of production, and 110% more in terms of sales. China is nearing a production of 25 million vehicles a year.
In 2014, the automotive industry registered a turnover of EUR18 billion. The automotive sector accounted for 22% of Romania’s exports in 2014. The automotive parts industry has great potential, Stroe concluded.