According to the data in the latest ACEA (European Automobile Manufacturer's Association) Economic Report that was published today, in 2009, total vehicle production in Europe including cars, trucks and buses fell by a whopping 17.3% compared to 2008 and by 23% compared to the pre-crisis level of 2007. Total production reached 15.2 million units.
More specifically, passenger car production in 2009 dropped by 13% over 2008 and by 18% compared to 2007, to 13.4 million units recording the steepest fall since 1993 (-15.1%) and hitting the lowest level in fourteen years.
