Sales data shows that China and the US remain the world’s largest auto markets, while India was ranked fourth in terms of volume at the end of 2021.
see photosIndian auto sales exceed 3.5 million units in 2021, up 26% in 2020
Globally, the auto sector is operating under extreme pressure and challenging conditions. With raw material shortages, semiconductor issues and volatile retail conditions, the auto industry took a major hit during the pandemic. Still, recent sales data from global markets show that more than 82.1 million vehicles were sold worldwide in 2021, including passenger cars, vans and light commercial vehicles, showing a five percent year-on-year increase . The data also showed that China and the US remained the world’s largest auto markets, while India ranked fourth in terms of volume.
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China remains unbeatable as the world’s largest car market with 11% of volumes coming from EVs
Starting with China, the market was least affected by production issues in 2021, as sales stood at 26.3 million units in 2021, up 4 percent from 2020 and 6 percent from 2019. Meanwhile, the US sold 15 million units last year. , with sales of 4 percent as compared to 2020. However, sales were lower than pre-pandemic levels, when sales stood at 17 million units in 2019. Between China and the US, the former saw a contribution of 11 percent of electric vehicles. In total sales, while the share of EVs in the aftermarket was around 3 percent. Electric vehicles account for about 10 percent of total sales in Europe.
India is the third largest market in the Asia Pacific region after China and Japan. India also saw the highest year-on-year growth as compared to other countries
With respect to the Indian market, auto sales were over 3.5 million units in 2021, growing a healthy 26 percent year-on-year compared to 2020. There was also an increase of 1 percent in sales as compared to 2019. In terms of sales, India witnessed the highest year-on-year growth in contrast to other top five markets globally. Meanwhile, Japan was the third largest market with sales of 4.3 million vehicles in 2021, a decline of 3 percent in 2020 and a decline of 14 percent in 2019.
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Germany, the world’s fifth largest car market, saw sales of 2.8 million units, a decline of 9 percent in 2020 and 26 percent in 2019. France was ranked sixth among other countries making the top 10 auto markets. It is followed by the UK, Brazil, Korea and Canada. While Korea jumped to ninth place, Italy dropped to 12th place in 2021. In the Africa and Middle East region, Saudi Arabia was the largest market with sales of over 528,000 units last year, followed by South Africa with 437,000 units sold.
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Source: Motor1.com
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