Summary
⋆An updated version of this forecast report will be released every quarter
- According to LMC Automotive's forecast (as of Q3 2020), global light vehicle production in 2020 is expected to decline 16.7% year-over-year to 74.11 million units. The production forecast has been revised upward significantly from the previous forecast (71.04 million units as of Q2 2020) against the backdrop of a rapid recovery in demand, mainly in China and South Korea.
- Looking at the production forecast by group, all groups forecast a double-digit production decrease compared to the previous year. However, the production of the Renault-Nissan-Mitsubishi group, which ranks third behind the Toyota and VW groups, is expected to fall 25.2% year-over-year (a drop of 2.45 million units) due to struggling sales in the US and China, a particularly severe decline.
- After next year, global production is expected to increase - by 14.4% year-over-year (y/y) to 84.8 million units in 2021 and by 6.8% y/y to 90.54 million units in 2022.
Local Reconstruction Note
This article has been expanded from the visible local mirror text, headings, tags, image captions, tables, and related local article titles. It is presented as a reconstructed reading version, not as a hidden original document.
Commentary
The source outline identifies this section as part of “Global Top 10 OEMs Production Forecast (Q3 2020)”. Based on the available local metadata, this section should be read through the lens of World Production, Production Forecast, GlobalData, Vehicles & OEMs, Automotive, Suppliers and the visible introduction, figures, captions, and tables.
Related Local Signals
Nearby records in the local archive include Electrified Vehicle (xEV) Sales Monthly Report (March 2026); Mobile World Congress 2026 (3) Evolution of Connected and Autonomous Mobility; Smart Energy Week 2026: FCVs, Fuel Cell Units, Hydrogen-related Products; GlobalData Global Light Vehicle Sales Update (March 2026). These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.