The global automotive market by country in 2018
- The global automotive market (PC + LCV) recorded a slight decline in 2018 (-0.3%), mainly due to the downturn in several markets, including China. China nevertheless represents 30% of world sales in 2018 (with volumes at -2.8% compared to 2017), and thus remains the world's leading automotive market ahead of Europe (19% of the world market, with volumes at +0.4%) and the United States (19% of the world market, with volumes at +0.5%). Behind these three major markets are Japan (6% of the world market, with volumes at +0.7%), India (5% of the world market, with volumes at +9.5%), Brazil (3% of the world market, with volumes at +14.6%), Canada (2% of the world market, with a market at -2.6%), South Korea (2% of the world market, with a market at +1.1%) and Russia (2% of the world market, with volumes at +12.8%). These nine countries account for 88% of the world market, the 190 other countries together make up only 12%.
- Looking at the evolution of the top four world markets since 1970, Japan, Europe and the United States have remained stable since the early 2000s, with the last two decades characterized by a complete lack of growth. Only the Chinese market has enabled global growth. This market has successively overtaken Japan, the United States and then Europe, but the coming years seem less favourable.
- Inovev expects stability in these four major markets over the next few years, due to the slowdown in global economic growth.
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