World car market in 2019 ended at 85 million units, down 4.2% from the previous year. In this report we update the Global Top markets ranking with data for the top 100, including cars and light commercial vehicles sales.
Global Market Trend
The Global Light Vehicles (cars+lcvs) market grew up with any break from the 2010 to the 2017, in the first years recovering the fall consequent to the 2008 financial crisis, which hit dramatically the market, in particular in North America and Europe, and since the 2012, establishing a new all time record each year.
The best level was achieved in the 2017, with 89.7 million new vehicles registered in the World. The 2010-2017 growth (+20 million units) was driven by the boost of Chinese market and by the recovery on US market, which grew up 70% from the negative peak hit in the 2010.
In 2018, Chinese market fell down, due to the new government policy which penalize the diesel/petrol fueled vehicles in order to incentivize the replacement with electric vehicles, while US (but even other regions, like Europe) had lost the propulsion and started moving horizontally. In 2018 the market declined at 88.9 million units.
Despite the introduction of “green” incentive scheme will help the development of this sector, the average vehicles price destiny is to grow substantially and more than the purchase power, constraining the new vehicles demand and reducing the global market volume.
The first proof of this scenario designed by our Research Team was already in the 2019 figures, with the global market ending at 85 million sales, down 4.2% from the previous year.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models