Automobile manufacturers - vehicle sales worldwide Q1 2020

Between January and March 2020, Toyota was the leading automaker in terms of global vehicle sales with around 2.4 million units sold. China, the main market for players in the global automobile industry, entered a phase of stagnation in 2018. The market has been following a downward trajectory since.

Leading automobile manufacturers worldwide

Worldwide car sales dipped to 75 million units in 2019. The Toyota Motor Corporation sold around 10.7 million light and commercial vehicles in 2019. Toyota’s main markets include Japan and the United States. The U.S. is the second largest market for passenger vehicles worldwide. In 2019, the U.S. automotive industry reported just under 17 million light vehicle sales. The market for light vehicles entered a downward trend in 2019. In light of an ongoing economic slump and the coronavirus outbreak, a growing number of people is expected to hold on to their vehicles for longer. On average, U.S. passenger cars are almost 12 years old.

Leading automobile manufacturers worldwide between 1st quarter 2019 and 2020, based on monthly vehicle sales

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Source

Release date

April 2020

Region

Worldwide

Survey time period

Q1 2019 and 2020

Supplementary notes

The values have been rounded.
The figures for Q1 2019 were taken from an article published on dailykanban.com in April 2019.

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