Sales of passenger cars in selected countries worldwide from 2005 to 2016
In 2016, over 76 million units of passenger cars were produced. Worldwide, passenger car sales are expected to continue to increase, with a projection of over 77 million units in 2017. This trend shows how resilient the international automotive industry is. Car sales started falling dramatically during the 2008-2009 economic crisis.
Today, the volume of automobiles sold is back to pre-crisis levels thanks to increased demand from Asian, American and European markets. In Europe, about 75 percent of new passenger car registrations occur in the largest markets, which include Germany, France, the United Kingdom, Italy and Spain. China has seen the largest increases in passenger vehicle sales between 2005 and 2015, growing from 3.97 million units to some 21.15 million units. Leading original equipment manufacturers (OEMs) like General Motors or Volkswagen are enjoying rising sales trends not just in China, but across all Asian markets. It will be interesting to watch what 2016 has in store for China's automobile industry.
China, Japan, Germany, South Korea and the United States are ranked among the world’s largest five car producers. These countries are home to the major manufacturers of light vehicles. The world’s largest automakers include General Motors and Ford, the Volkswagen Group, as well as the Toyota Motor Corporation, Honda and Nissan.