Car Sales Likely to Rise after Two Years of Decline: Recovery May Come in Second Half of the Ongoing Fiscal, Spurred by Turnaround the New Government May Bring and Festive DemandChaudhari, Yuga
ecovery accelerates New car sales leap again as recovery acceleratesNew car sales leap again as recovery acceleratesChu, Ben
2023 (Q1): Worldwide new car sales increased in all major world markets except in China with growth in registrations the fastest in Europe.
2023 (January to December): Lexus global sales reached a record high of 824,258 units (a 32% increase compared to the previous year). Lexus attributed this growth to strong demand, particularly in North America and Japan, along with the recovery of stable parts supply contributing to increa...
“Everyone is predicting this year about 13 million (vehicles sold), pre-COVID we were about 17 million,” Bailo toldThe Detroit Free Press. “We expect it’s going to take another two years, but that’s predicated on a good recovery and continued recovery throughout this year. S...
Toyota's Thai Unit Sees Its 2022 Car Sales up 18.5% More Reuters FILE PHOTO: The Toyota emblem is seen on the steering wheel of a vehicle during the media day of the 41st Bangkok International Motor Show after the Thai government eased measures to prevent the spread of the coronavirus ...
After years of double-digit growth, China's economy began to lose steam in 2022, and recovery has been slow through 2023. China was thelargest automobile market based on saleswith around 25.8 million units in 2023. However,monthly car sales in Chinawere in free-fall in April 2022 partly du...
U.S. auto sales continued at a robust pace in March, boosted by consumers with more confidence in a recovering economy who want to buy fuel-efficient cars and trucks in the face of rising gasoline prices.
Car sales worldwidehave dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car...
Trends are changing in each region: In the U.S., the share of HEVs overtook that of BEVs in 2023; In Germany, the termination of purchase subsidies has triggered a slowdown in BEV sales. Against these backgrounds, Mercedes and Volvo have rolled back their pledge to become fully electric ...