Global automobile sales - interesting highlights ..

Global auto sales, '17, Courtesy Economic Times, March '18

Being the largest manufacturing industry of the world from the beginning of the 20th century, from Europe to US and now to Asia/China, automobile industry has seen the greatest transitions of all time..

Automobile industry continues to be the largest manufacturing industry of the world with maximum revenues among all global corporations during the past century. As long as humans have the need to transport goods and travel from point A to point B, there will be a need to travel and the automotive industry, light, medium and heavy will continue to thrive.

The only thing that will change is how these vehicles are powered, from fossil based non-renewable resources, we find it will move to electric or hybrid vehicles running on fuel cells  or solar energy. TESLA will thus be an influencing factor, besides the EV of other automobile brands.

Contemporary global IC engine based automobile sales is thus an indicator of a country's economic growth and development ..

TESLA 2017 release electric car, Model 3,
pic courtesy wikipedia

Sales : China continues its numero-uno position with the  world's largest car sales at  with 29.1 million automobile sales in 2017. (this is 66% bigger than the sales in US at 17.6 million units). China incidentally has 624% more sales than India at 4.02 million units (#4) and 460% more sales than Japan at 5.24 million units (#3).

Growth : The good news for India is that India is the fastest growing automotive market in the world, at 9.5%, followed by Brazil at 9.2% and Italy at 6.8%.

The largest automotive company in the world in 2018 is Volkswagen from Germany which produced 10.834 million cars, followed by Renault-Nissan/Mitsubishi which produced 10.757 million cars and Toyota of Japan which produced 10.594 million cars. (data collected from statista.com, click here for link )

Toyota 86 concept car, courtesy Toyota Motor Corp. 

While Chinese and US auto markets have been growing at 3.9% and (-) 1.6% respectively, India and Brazil automarkets are reportedly growing at 9.5% and 9.2% respectively in 2018.

China at 50,000 units has emerged as the largest electric vehicles (EV) market in the world clocking about 50% of the 1 million EV sales across the world in 2018.

Toyota continues to be the largest single brand automobile manufacturer of the world !!

george..