The 2012 car ownership rate of the world’s leading markets
 

The car ownership rate (PC + LCV) at the 31 December 2012 of major automobile markets has recently been calculated by Inovev.


The United States remains by far the largest (810 cars per 1 000 inhabitants), followed by Canada (620 cars per 1 000 inhabitants), Japan (590 cars per 1 000 inhabitants) and the European Union (550 vehicles for 1000 inhabitants).


At the back of the pack,we have China (80 cars per 1 000 inhabitants) and India (40 cars per 1 000 inhabitants), evidence that these two countries are little motorized and still have a high margin growth in the coming decades.


Within the European Union, there is a surprising observation: Italy, Spain and France (Southern countries) are ahead of England and Germany (Northern countries).


Globally, the automotive market has virtually grown non stop since 1980 (average rate: 2.7% per year, the biggest crisis having been that of 2008-2009). This growth is expected to continue at with even greater rate in the coming decades (between 3% and 3.5%).

 
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