Global vehicle sales grew by 3.4% between January and April 2018 to 28.8 million units. The data for 53 markets from JATO (around 90% of the global total) indicates that the growth pace continues thanks to the positive economic indicators and good mood among consumers in most of the key markets. Even if almost two in three of the vehicles were sold in China, USA and Europe, most of the growth was driven by emerging countries like India, Brazil and Russia. All three of these m
An interesting point of view and a very important factor indicated by Jimi Beckwith of autocar. co.uk. Car makers are worried that China’s EV electric sales targets are too strict and have urged the government for more flexible legislation. Car makers from across the industry have written a letter asking China to reconsider its plan to introduce stringent sales quotas for electric vehicles. The Chinese government is planning to introduce quotas that determine how many of each
As of the end of 2016, two million electric vehicles (EVs) had hit the roads globally, or according to the IEA 0.2% of all passenger cars. Auto manufacturers have invested substantial capital into EV technology, betting EVs are the future of the transportation. Tesla, the leading manufacturer of EVs, have showcased to the world the potential of EVs. The introduction of the Model 3, and other manufacturers releases at competitive price points, EVs are set to disrupt the global
Japanese automakers' U.S. sales slid mostly sideways last year, but their China business is booming.
Two manufacturers, Mazda Motor Corp. and Mitsubishi Motors Corp., finally are selling more vehicles in the world’s biggest market than in the United States.
Last year, Mazda’s passenger vehicle sales in China grew 8.3 percent to 309,407 vehicles, while its U.S. sales slid 2.8 percent.
Mitsubishi’s sales in China also eclipsed those in the U.S., growing 56 percent to 129,
It’s easy to become blase about China’s auto market, especially now that growth there has gone from white hot to merely off-white hot. Up 15 percent in 2016? Ho-hum. But just stop and marvel for a moment at the volume even a plateauing Chinese market represents — 24 million passenger vehicles last year, according to IHS Markit. Twenty-four million! With numbers like that, it ought to be China — not the U.S., Europe or Japan — that dictates the future of what we call global ve