Last year, over 73.5 million passenger vehicles were produced by the international automotive industry. This year, it is expected that the passenger car sales will grow to about 81.6 million units. In this article, we will discuss the car production statistics around the world for the first quarter of 2018. We will tackle the big players in the industry and see how many vehicles they’ve produced so far. Just by looking at the statistics, you will understand why it is always best to choose Japanese used cars over buying new ones.
China Remains the Biggest Car Market and Producer
According to a research conducted by Statista, one out of three cars manufactured in the world came from China. In 2006, car sales in this Asian country soared by almost 40% to 4.1million units, making it the third-largest car market in the world. After that, China quickly took the lead and became the biggest car market across the globe. This can be attributed to rising incomes, low vehicle penetration, falling car prices, and greater credit availability. Moreover, in China, vehicle penetration stays at about 150 cars for every 1,000 people. This is a stark contrast to approximately 700 vehicles per 1,000 people in the mature markets of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
According to the data gathered by Statista, for the first quarter of 2018, China has produced around 3.5 million passenger cars and over 623,000 commercial vehicles. Last year, this country produced approximately 24.8 million passenger cars and 4.2 million commercial vehicles. Leading manufacturers like Volkswagen and General Motors, as well as various Chinese joint ventures, were among the leading manufacturers of passenger cars in this country. It is expected that car companies will take advantage of investment programs to grow their operations not only in India and China but also in other emerging markets.
Big Players in the International Automotive Production Industry
Asia and Oceania produce more than 60% of cars around the world. On the other hand, the European Union produces around 26%. The automotive industry in Germany, the UK, Sweden, Poland, and other European Union member states is starting to recover. Experts have estimated that there will be an increase in car demand from customers in North America and Asia. This would successfully offset the dropping vehicle sales volumes in Brazil and Russia. By the end of 2018, it is forecasted that automobile manufacturers will sell over 81 million units. That is still up from the average of less than 55 million vehicles from 2000 to 2014.
For the first time, passenger car production numbers exceeded pre-crisis levels from 2007 in the European Union. Last year, around 17 million passenger vehicles were produced by the region, making it the second largest producer in the world. Car manufacturers from Europe are also looking into the growing affluence of Asian markets to increase their sales worldwide. Over the past seven years, passenger car sales in these markets have doubled.
US car production substantially declined (11.5%) from 2016. In 2017, 8 million units were produced in the US, more than a million less than in the preceding year. On the other hand, in Japan, car production levels grew by 5.8% from 2016. According to the data released by the Japanese Automobile and Motorcycle Industry, for the first quarter of 2018, the country has produced 640,043 cars, 84,828 trucks, and 7,221 buses. The TTD this 2018 is 732,092 vehicles.
The next time you think about buying a new car, you might want to consider these statistics. While the growing production of cars is good for the economies of different markets worldwide, it can be damaging to the environment. So, make the better choice by opting for used cars from Japan. Here at Carused.jp, we also offer a range of used hybrid vehicles that are eco-friendly and fuel-efficient.
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