Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on May 1, Cui Dongshu, secretary general of the National passenger car Market Information Association, said that world car sales in March 2023 reached 8.07 million units, an increase of 11% over the same period last year. From January to March, world car sales reached 20.38 million units, an increase of 4% over the same period last year. The cumulative share of Chinese car companies in the world reached 30% in 2023.

The trend of world car sales over the years CTOnews.com learned from the chart that from 2017 to 2022, world car sales peaked in 2017, declined continuously from 2018 to 2020, and rebounded to 81.35 million units in 2021, an increase of 4% over the same period last year. But there were only 80.18 million in 2022, down 1% from a year earlier and only slightly higher than sales in 2020.

The trend of world car sales over the years Cui Dongshu mentioned in the article that the world car sales in the above table are mainly sold in 70 countries, which have about 90 million units in 2019. World sales growth of 4% in 2023 performed well, with China falling by 7% and the rest of the world by 8%.

Cui Dongshu said:

China's automobile market has a great influence on the world automobile market. Chinese cars accounted for about 30 per cent of the world in 2016-2018, falling to 29 per cent in 2019, but still have an absolute advantage. The country's share rebounded to 32 per cent in 2020-2021. China's share rose to 33% in 2022.

China's share fell to 30% in 2023, which is also a normal reflection of the Spring Festival factor in the Chinese market and the withdrawal of preferential car purchase tax policies. The market share in North America and Europe rebounded across the board, while the market trend in the southern hemisphere was weak.

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