From a global perspective, China, the United States, Japan and Europe are the top few major automobile markets, and their overall sales can account for 70% of the world. Therefore, for multinational car companies, if they cannot make a difference in these auto markets, then the overall market performance may be marked with a question mark. So, after 2021, what is the sales situation of new cars in various countries? Recently, the Nikkei Chinese network took stock of a wave of new car sales in various regions, let's take a look at it together.
The first is Europe. According to data released by the European Association of Automotive Manufacturers, sales of new cars (passenger cars) in 18 major European countries in 2021 decreased by 2% compared with 2020 to 10.6 million units. Among them, Germany fell sharply by 10%, and the United Kingdom achieved 1% growth. Overall, the main reason for the decline in new car sales in Europe is the shortage of semiconductors.
Then there's Japan. Japan's new vehicle sales (including light vehicles) in 2021 were 4.44 million units, down 3% year-on-year.
Year-on-year increase or decrease in new car sales by region (Source Nikkei Chinese Network)
In contrast, the automotive markets in China and the United States have achieved positive growth.
According to data released by the National Automobile Dealers Association (NADA), new car sales in the United States in 2021 will be 14.93 million units, an increase of 3% over 2020. In 2022, new vehicle sales in the U.S. are expected to increase 3 percent from 2021 to 15.4 million units.
Finally, China. China's auto market turned positive for the first time in four years – 4% to 26.27 million units. The China Association of Automobile Manufacturers predicts that new car sales in China will grow by 5% in 2022 to 27.5 million units.