Market achievements - 4 major world markets - 2016 (PC + LUV).
- The global car market increased by 4.6% in 2016, to 91.30 million light vehicles (against 87.32 million in 2015). The four major markets (China, USA, Europe 29 countries, Japan), representing 75% of world sales, experienced very different growth rates last year.
- China experienced the strongest growth (+ 14.4%) thanks to, among other things, government tax measures for vehicles under 1600cc. Registrations of 28 million vehicles in 2016 set a new record and consolidated China’s leading position.
China by itself now accounts for 30% of global registrations.
China by itself now accounts for 30% of global registrations.
- The US market was stable in 2016 (+ 0.4% to 17.5 million vehicles), after six years of catch-up following the 2008-2009 crisis.
It is to note that China experienced no fall in its market during the same period.
It is to note that China experienced no fall in its market during the same period.
- Europe (Europe 29: European Union - Malta + Switzerland + Norway) grew by 7.4% in 2016 (to 17.1 million vehicles), the third year of catch-up after the 2008-2009 crisis (with a bottom level in 2013).
- Finally, Japan has experienced a 1.5% decline of its market in 2016 (to 4.97 million vehicles).
It has stabilized it over the last ten years at an average level of 5 million annual registrations.
It has stabilized it over the last ten years at an average level of 5 million annual registrations.
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