Global New-car Sales Up Two.3% to eighty eight M. in 2015

Worldwide New-car Sales (2006-2015) (Source: Markline, ARTC)

As is typicalВ in latest years, Asia and North America were the mainВ regionsВ ofВ new-car salesВ in 2015; whileВ western Europe reported sizableВ growth last year, compared toВ drops in Central Europe and Eastern Europe.

The European automobile market ultimately turned around in two thousand fourteen from a minor drop in 2013, and continued to grow by about Trio.Four percent in two thousand fifteen to about Eighteen.Trio million units.

In the United States, the world’s second-largest automobile market, new-car sales grew by about Five.9 percent to 17.92 million units in two thousand fifteen (16.8 million in 2014), marking the fifth consecutive year of growth.

According to the Jan. 8, two thousand ten report posted on The Guardian, China has overtaken the U.S. to become the largest car market globallyВ as government policy initiatives spur request. China sold more than 13.5m vehicles in 2009, said the official Xinhua news agency, compared with Ten.4m cars and light trucks sold in the US, the lowest level in twenty seven years.

Sales of Fresh Cars by Region (2014-2105) (Source: Markline, ARTC)

The Japanese automobile market has been shakenВ in the years since the two thousand eleven earthquake and tsunami that struckВ Sendai. Production of fresh automobiles in Japan last year were 9.Two million and Five.04 million units, respectively, down Five.Four percent and 9.Three percent. ARTC says that new-car sales in the nation were disrupted byВ tax reform.

Japanese automaker Toyota heldВ its lead as the world’s No. One in 2015; but the maker’sВ global sales volume decreased by 0.8 percent from the previous year to about Ten.15 million units. Sales growth came mainly from the U.S.В and Western Europe, but dropped in Eastern Europe and Asia-Pacific. PrioritizingВ to make products more eco-friendly, Toyota has focused on hybrid and alternative-energy modelsВ in latest years, havingВ launched its fuel-cell drivenВ Mirai and announced theВ objective to totally phaseВ out gasoline and diesel engines by 2050.

Major Automakers` two thousand fifteen Global Shares (Source: Markline, ARTC)

Long-term developmentВ and continued sales increase in the big Chinese market, as well as sleek sales worldwide, helpedВ Germany’s VolkswagenВ to become the world’s No. Two auto brand. The company sold 9.93 million fresh cars worldwide in 2015, down Two.0 percent from Ten.14 million in the previous year, due mainly to the exposure of its device that evadesВ detection of diesel-engine emission in the 2nd half. Volkswagen, as a result, suffered the stiffest volume drop in two thousand fifteen among the world’s top-six.

ARTC says that the two thousand sixteen global automobile market will see enhancing sales of the so-called “crossover” models, which have been in-turn launched by majorВ automakers, such as the Mercedes-Benz GLA, BMW X1, Nissan Juke, Mazda CX-3, Honda HR-V, Suzuki SX4, Skoda Yeti, Ford Ecosport etc. thatВ are mid-sized to be relatively nimble, fuel-efficient,В and are especially popular in emerging markets as China where owners choose to have higher seating enabling extended forward view as well as multi-functionality as off-road capability.

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