Largest automobile markets - new car registrations December 2019 YTD

China is the largest automobile market worldwide, both in terms of demand and supply. China's automobile registrations fell to 21 million units in 2019, representing a drop of around nine percent.

The world's largest automobile markets

After years of growth, China's motor vehicle demand is waning; and yet, given the country's population level, the potential for China’s automobile market is enormous. There will be an estimated 200 million vehicles on Chinese roads by 2020, but less than one car for every five individuals. In the United States, there are in excess of 800 motor vehicles per 1,000 inhabitants.

Leading brands and manufacturers

In 2019, Toyota was ranked as the automobile brand with the highest brand value. Toyota vehicles are manufactured by the Toyota Motor Corporation. In terms of overall vehicle sales, the Japanese multinational carmaker is the second largest automobile manufacturer in the world. India has emerged as an important automotive market recently, but 2019 sales figures failed to impress amidst a weakened economy. At the same time, the European Union made an unexpected comeback, with over 15 million new car registrations in 2019.

Largest automobile markets worldwide in 2019, based on new car registrations

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Source

Release date

January 2020

Region

Worldwide

Survey time period

January to December 2019

Supplementary notes

* EU-28 excluding Malta
** Light vehicles
The values have been rounded.

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Statistics on "Automotive industry worldwide"

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