This statistic represents the number of cars sold worldwide from 1990 through 2015. Additionally, it presents a forecast for 2016. Some 74.39 million automobiles are expected to be sold by 2016. Global car sales are expected to exceed 100 million units by 2020.
International car sales
Along with a recovering automotive industry in the European Union, increased demand for cars from customers in Asia and North America is forecast to successfully offset declining vehicle sales volumes in Russia, and help automobile manufacturers sell over 74 million vehicles by the end of 2015, up from less than 65 million units in 2012.
In order to increase worldwide car sales, carmakers are particularly keen on tapping into the growing affluence of Asian markets, where passenger vehicle sales have doubled over the past seven years. Car sales are on the rise in Malaysia, Indonesia and India; in China, the sales of passenger cars quadrupled to a staggering 19.7 million vehicles in 2014. Not only is the country Asia’s main producer of automobiles, but has emerged as the number one producer of light vehicles.
Leading manufacturers like General Motors or Volkswagen saw rising sales across all Asian markets through 2014, and the Ford Motor Company expects Asia Pacific to contribute around 40 percent of its vehicle sales in four or five years’ time. It is expected that automakers will undertake unprecedented investment programs to grow their businesses not only in China and India, but also in other emerging markets. That said, there will likely be a growth saturation curve in all of these markets.