Largest automobile markets - new car registrations December 2018 YTD

China is the largest automobile market worldwide, both in terms of demand and supply. China's automobile registrations exceeded 23 million units in 2018. That year, China produced more than 23.5 million passenger cars and around four million commercial vehicles.

The world's largest automobile markets

After years of growth, China's motor vehicle demand is waning; and yet, given the country's population level, the potential for China’s automobile market is enormous. There will be an estimated 200 million vehicles on Chinese roads by 2020, but less than one car for every five individuals. In the United States, there were are in excess of 800 motor vehicles per 1,000 inhabitants.

The world's largest vehicle manufacturers

In 2018, Toyota was ranked as the automobile brand with the highest brand value. Toyota vehicles are manufactured by the Toyota Motor Corporation. In terms of overall vehicle sales, the Japanese multinational carmaker is the second largest automobile manufacturer in the world. In recent years, India and Brazil have emerged as important automotive markets, but have failed to impress in 2016. At the same time, the European Union made an unexpected comeback, with around 15 million new car registrations between January and December 2017.

Largest automobile markets worldwide between January and December 2018, based on new car registrations

New car registrations in thousands
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Source

Release date

January 2019

Region

Worldwide

Survey time period

January to December 2018

Supplementary notes

* EU-28 excluding Malta
** Light vehicles
The values have been rounded.

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Statistics on "Automotive industry"

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