The global car market PC + LUV increased by 3.5% in 2014
- While the global automotive market (PC + LCV) increased by 3.9% in 2013 compared to 2012, it experienced a slight growth slowdown in 2014 compared to 2013 (+ 3.5%), to 85.4 million units (against 82.5 million in 2013). China (+ 7.3%), the USA (+ 5.9%) and Japan (+ 3.4%) continued to perform well in 2014 (these three countries alone account for 52% of global sales), but Brazil (-7.0%), India (-0.8%) and Russia (-11.0%) declined over the same period (these three countries represent 10% of sales global).
- Other countries have also seen the sales of new vehicles decline, such as Turkey (-10.0%), Thailand (-34.2%), Argentina (-28.4%), Algeria (-19.8%), Chile (-13.3%), Ukraine (-54.1%) and Venezuela (-82.1%).
- Other countries, managed to achieve good scores in 2014, such as the United Kingdom (+ 10.3%), South Korea (7.8%), Mexico (+6.8%) Canada (+ 5.6%), Italy (5.1%), Spain (+ 19.9%), Saudi Arabia (+ 11.8%) and especially Iran (+ 62.2%), which benefited from the easing of economic sanctions that had been implemented. The Inovev country by country analysis is now available on the website.
- Production figures for 2014 are not yet all known, but Inovev has forecasted an increase of between 2.5% and 3% in 2014 compared to 2013, as manufacturers continued inventory drawdowns last year.
Contact us: info@inovev.com