Asia East

Chinese Auto Market's momentum continues in 2024, with sales growing 3.8% up t 23.26 million units. EV segment soars in double-digits (+38.8%) securing 30% market share. Chery enters the top 10 with a 37.8% increase in y-o-y volume.

Japan Auto Market lost momentum in 2024, falling 6.7% and remaining stuck below the pre-pandemic 4-million treshold. Despite losing 12.3%, Toyota secured its dominant spot, well ahead of Honda and Suzuki.  

Korea Best Selling Cars Ranking in 2024 saw the Kia Sorento as the new leader,  followed by the Kia Carnival and the Hyundai Santa Fe. The Hyundai Sonata and the Hyundai Tucson joined the Top 10, rising 9 and 2 spots respectively.

South Korean Vehicles Market in 2024 dropped 5.7% in year-on-year volume, reporting 1.62 million new registrations. Tesla (+548.9%) continued to grow overtaking GM. Despite headwinds the EV segment outpaced the general market (-3.9%).

India Best Selling Cars Ranking in 2024 sees the Tata Punch at the top with impressive growth of 34.5%. Maruti models dominate the market, securing six of the top ten spots, with the Maruti Ertiga delivering the strongest performance.     

Indian Car Market roared past pre-pandemic 2019 levels in 2024, still above the 4 million treshold that was first crossed in 2023. With 4,27 million units sold, it marked the fifth consecutive year of growth, firmly led by Maruti. 

Taiwan Best Selling Cars ranking in 2024 still dominated by Toyota. Toyota Corolla Cross (-12.9%) maintained leadership, followed by Town Ace (+27.7%) and RAV4 (+26.7%). The MG HS surges 45.6% into 5th, climbing 5 spots.

Taiwanese Vehicles Market in July 2024 bounces back from 5-months negative string. Monthly sales reported 44,649 new  registrations (+7.8%). YTD sales at 272,730 are up 0.3% from the prior year. MG boomed 112.7%, gaining 9 spots and ranking in 6th.