The main global automotive markets in 2017
- The global automotive market grew by 2.3% in 2017. The country breakdown shows that China (up 3.0%) is increasing its volume lead, approaching 30 million annual units, which no country has ever reached before. China is well ahead of Europe (29 countries) and the United States.
- In 2017, the European market (up 3.3%) passed in front of the US market (down 1.7%). The European market has made good progress since 2013, but nevertheless remains down 1 million units compared to the peak of 2007 (17.6 million units compared to 18.6 million).
- The US market achieved a sales volume of 17.2 million units in 2017, its fourth best result. Far behind, the Japanese market (up 5.3%) remains above the 5 million mark in 2017, but this market has been almost stable over the past decade. The Japanese market will never return to the level of the 90s where it varied between 6.5 million and 7.5 million units per year.
- Other markets have sales volumes of less than 4.1 million annual units. The Indian market (up 9.6%) slightly exceeds 4 million units in 2017, ahead of the Brazilian (up 9.5%), Canadian (up 4.6%), Korean (down 1.8%), Russian (up 11.9%) and Mexican (up 5.2%). These top ten markets account for 88% of the global automotive market in 2017.
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