The global car market in January showed a decrease of 10%

The global car market in January showed a decrease of 10%

February 23, 2020 0 By autotimesnews

The global car market last month fell by 10.4% to 6.484 million cars and light commercial vehicles. Purified from seasonality, the annual sales volume, which was calculated from the results of January of this year, amounted to 87.804 million cars. About this informs “AUTOSTAT”, based on the information of the consulting firm LMC Automotive.

The PRC retains the leading position in auto sales, where 1.877 million vehicles were sold last month (-20.7%). The low result of January of the current year is due, among other things, to holidays in honor of the celebration of the New Year according to the lunar calendar, which last year fell in February 2019.

  The United States is on the second line in terms of sales with a result of 1.126 million cars, which is 0.4% less than a year ago.

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 Car markets in Western European countries last month decreased by 7.4% and amounted to 1.165 million cars. Sales of cars in Eastern European countries, on the contrary, increased by 5.8% to 269.9 thousand copies.

In South America, local dealers managed to sell 227,000 cars, which is 9% lower than in January 2019. Among the largest car markets, in particular, Japan (355.5 thousand units, –12%), Korea (114.3 thousand units, –14.5%) and Canada (109.6 thousand units) should be emphasized. ., + 1.4%).