Global car sales fluctuated over the past years amid disruptions in the industry. In 2023, car sales worldwide grew past pre-pandemic levels.
The market size of the Global Car & Automobile Sales industry increased 3.7% in 2023. Has the Global Car & Automobile Sales industry grown or declined over the past 5 years? The market size of the Global Car & Automobile Sales industry has declined 0.3% per year on average between 2018 an...
Worldwide car sales increased in all major country markets in the world during the first half of 2023. The growth followed low car sales and production numbers in 2022 due to component shortages, the influence of the Russian invasion of Ukraine, and the last COVID lockdown measures in China....
Cui Dongshu, secretary general of the China Passenger Car Association (CPCA), said that the global car sales in the first quarter of 2023 reached 20.38 million units, a year-on-year growth of 4%. Cui Dongshu, secretary general of the China Passenger Car Association (CPCA), said t...
In full-year 2023, Jaguar Land Rover car sales worldwide increased by 27% with the Defender and Range Rover the global top-selling models.
How much is the automobile industry worth? The global car manufacturing market size fluctuated since 2019, with forecasts projecting an increase in 2023.
when majority of joint venture brands dealt with internal combustion engine-based NEV. In 2022 and 2023, JV brands launched their pure electric vehicles. However, these products still were not recognized by Chinese users. Data from the China Passenger Car Association showed during the first quarter...
Global brands are having a difficult time in China as they are losing ground to local Chinese marques especially in the booming new energy vehicle sector. Statistics show that Chinese carmakers combined seized a 49.8 percent of the country's passenger car market in 2023, up...
/ 12月 11, 2023 / Abhilash Gupta, Soumen Mandal Overview: The connected car is poised for significant growth in the future due to rising on-demand services, increased EV penetration, next-generation cellular technology and testing of advanced automotive use cases like C-V2X, assisted driving, ...
February 10, 2023 ShareshareThe adoption of electric vehicles is rising sharply as the global push for net-zero carbon emissions accelerates. EVs will make up about half of new car sales worldwide by 2035, according to Goldman Sachs Research. While the EV sector is beset by...