Global car market down 5.3% year-on-year 2019
- The global car market (PC+UV) is down 5.3% on the first nine months of 2019, compared to the first nine months of 2018, and it is likely that over the year as a whole, the decline in the global market will be close to 5% (the largest decrease since 2009) because there is no real sign of improvement on the horizon.
- Passenger cars are down 7.5% while commercial vehicles are up 0.6%.
- China pulls the car market down, with a decline of 10.2% (and even -11.5% on sales of passenger cars alone), which represents a loss of 2 million vehicles over the period.
- Other markets are particularly depressed, such as Iran (-46.3%), Argentina (-43.6%) and Turkey (-39.0%), resulting from economic sanctions or exceptionally bad economic conditions. India has also fallen into the red since last spring (-16.0%). Europe (-1.0%), the United States (-1.5%) and South Korea (-3.3%) also recorded decreases in their market, but much more modest.
- We can add to these poor performances, those of Russia (-2.0%), Canada (-4.1%), Mexico (-7.2%), Australia (-8.0 %), South Africa (-4.1%), and we obtain a world market down significantly over the first nine months of 2019.
- Brazil is still on an uptrend of around 9.3%, but it is not sure that this growth will be as strong at the end of the year. Japan finally saves furniture with an unexpected rise of 3.1%.
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