Hungarian Vehicles Market in October 2023 grows 1.7% after falling for 4 consecutive months, reporting 8,402 new sales. YTD figures at 91,489 are down 2.2% from the previous year. Skoda makes it into 2nd rising 53.3%.

Market Trend and Outlook

The Hungarian Auto Market in October 2023 grows 1.7% after falling for for consecutive months, reporting 8,402 new sales. YTD figures at 91,489 are down 2.2% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, Toyota  maintains leadership with 12,239 sales (+10.8%) followed closely by the runner up Skoda -up 4 spots- with 9,226 units sold (+53.3%).

In 3rd place ranks Suzuki with 8,952 sales (-10.4%), in front of Volkswagen -down 1 spot- at 7,596 (-14.5%), Kia at 5,699 (-19.3%) and Ford at 5,299 sales (-28.6%).

BMW rises 3 spots into 7th position with 4,307 sales (+8.2%), followed by Mercedes at 3,828 sales (-21.2%), Opel at 3,618 (-6.0%) and Dacia closing the Top 10 with 3,538 new car registrations (-37.2%).

Looking at specific models the Skoda Octavia becomes the new best seller, rising 70.8% in year-on-year sales and 5 spots in the rankings, followed by previous year’s leader the Suzuki SX4 S-Cross, down 19.0%.

Medium-Term Market Trend

The last decade has been exceptional for the Hungarian car market. From 2010 to 2012 the Hungarian market moved up and down between a low of 43,474 sales in 2010 and 56,517 sales in 2011. In 2013 started a 7 year uptrend, with the market reaching 6 new all-time highs until a peak in 2019 at 157,790.

The pandemic arrived in 2020 causing the Hungarian car market to fall 19% down to 128,030 new car registrations.

The following year sales fell further reaching 121,545 by the end of 2021. In 2022 volume dropped even more, reaching 111,043 cumulative sales, an 8.8% loss compared to the prior year.

The Hungarian market might find some more resistance in the first months of 2023, with struggles in the automotive industry emerging. Firstly a lack of raw materials for the production of microchips is causing a disruption in global supply chains and subsequently facing manufacturers to increase car prices. Secondly in the future we will probably see the Hungarian Government push more towards EVs, an expensive alternative for many consumers.

Tables with sales figures

In the tables below we report sales for top 10 Brands and top 10 Models.

Market Trend and Outlook

The Chinese economy is on track to meet the government’s 2023 growth target, reflecting a strong post-COVID recovery. Real GDP is projected to grow by 5.4 percent in 2023 and slow to 4.6 percent in 2024 amid continued weakness in the property sector and subdued external demand.

China’s credit-fueled growth in recent years was accompanied by widening imbalances and rising vulnerabilities. Excessively high household savings were used to finance infrastructure and residential investment with diminishing returns, resulting in elevated debt levels.

The Chinese auto market has shown signs of slower growth in 2023, with YTD figures at 17.80 million down 2.3% from the previous year. In October 2023 sales grew 9.7% after falling for 4 consecutive months, reporting 2.08 million new sales.

Looking at cumulative data up to October 2023, brand-wise the Chinese EV manufacturer BYD becomes the leader for the first time with 2.04 million sales (+52.6%), followed by the Volkswagen -down 1 spot- in 2nd at 1.77 million (-6.3%).

Toyota falls 1 spot into 3rd with 1.42 million sales  (-6.8%), followed by Honda with 959,669 registrations (-18.2%), Changan with 932,498 sales (+7.4%) and Geely with 794,676 units sold (+8.2%).

In 7th place ranks BMW with 651,207 sales (+4.4%), followed by Mercedes -up 1 spot– with 614,016 (+0.2%), Audi -up 4 spots- with 575,192 (+8.7%) and Wuling closing the Top 10 with 544,021 sales (-9.2%).

Best selling models in China are the BYD Qin PLUS in 1st -up 6 spots- with 355,017 sales (+36.7%) and the Tesla Model Y in 2nd -up 3 spots- with 346,462 cumulative units sold (+20.9%).

Medium-Term Market Trend

The Chinese vehicle market is the largest in the world and in the last decade it has maintained an overall positive trend. Starting from 14.0 million sales in 2011 the Chinese light vehicle market grew 7 years in a row reaching an all time high in 2017 with 25.6 million registrations. The following 2 years were both negative taking the market sales to 22.5 million in 2019.

The arrival of the pandemic in 2020 blocked the world economy making demand for cars fall world wide. The Chinese market stood its ground dropping only 5.9%, a smaller fall compared to 2019 (-7.6%), taking sales down to 21.2 million.

Post-covid the Chinese vehicle market recovered immediately with sales rising 4.0% in 2021 and 1.0% in 2022. Despite the overall trend in 2022 being positive, the last 3 months all reported losses, a negative trend that will probably continue into 2023.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

Market Trend and Outlook

Despite reaching a new all-time high in 2022, the Chilean Vehicle Market in October 2023 falls for the 15th month in a row, with 24,911 new registrations (-12.7%). YTD figures at 259,727 are down 27.9% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, Toyota becomes the new best seller with 22,008 (-20.7%), followed by Chevrolet at 17,665 (-45.5%) in front of Hyundai at 17,065 (-14.3%) and Kia -up 4 spots- with 14,870 sales (-11.8%).

Peugeot rises 2 spots in 5th position with 14,634 sales (-14.8%), followed by Suzuki at 14,325 sales (-23.2%), Nissan at 12,666 (-2.2%) and Ford -up 6 spots- with 10,707 new registrations (-3.3%)

MG falls 3 spots into 9th position with 9,695 sales (-45.8%), followed by Mitsubishi -up 1 spot- closing the top 10 with 9,056 new registrations (-33.7%).

Looking at specific models the Toyota Hilux is the best seller with a 5.5% year-on-year growth in sales, followed by the Mitsubishi L200 down 43.6%.

Medium-Term Market Trend

In the last decade the Chilean vehicles market has had many ups and downs. From 2011 to 2015 the market fluctuated in the low 200k range. First rising to a maximum of 263,146 in 2013 to then fall down to a minimum of 211,810 in 2015. By the end of 2016 the vehicles market in Chile had already gained 9.0% compared to the previous year, with 2017 following suit growing 52.5% and 2018 reporting a peak of 372,646 sales. 2019 marked the end of this 3 year uptrend, with sales reaching 369,864 but the end of the year.

The arrival of the pandemic in 2020 caused the market to drop 29.9% back down to 259,299.

It is clear that the issues faced during the pandemic weren’t due to structural problems in the industry, in fact, in 2021 the market reported an amazing growth, gaining 60.3% up to an all time high of 415,612 sales. The positive momentum continued into 2022, that totaled 425,856 new registrations, a 2.5% growth from the prior year. Despite the new-all time high, the second half of the 2022 strongly underperformed, with the last 5 months of the year posting losses.

 A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs, an expensive alternative for low income consumers. At the moment affects from this last point are very mild, due to the low adoption of BEVs in South American countries (0.45% of total market share in South America).

Tables with sales figures

In the tables below we report sales for all Brands and Top 10 Manufacturers Group.

Market Trend and Outlook

The Portuguese Auto Market in October 2023 maintains the momentum gained in the last months, growing for the 16th month in a row with 13,862 new car sales (+10.4%). YTD figures at 167,170 are up 32.3% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, the leader remains Peugeot with 18,498 sales (+34.4%), followed by Renault in 2nd with 13,187 registrations (+39.1%) and  Dacia -up 1 spots- with 12,326 units sold (+62.6%).

Mercedes falls 2 spots into 4th with 11,886 sales (+21.9%) followed by BMW at 11,562 (+48.7%), Volkswagen -up 2 spots- at 9,991 (+50.8%) and Toyota -down 3 spots- with 8,559 new sales (+6.1%).

Citroen falls 2 spots into 8th with 7,991 sales (+3.0%), Seat in 9th reports 6,824 units sold (+34.3%) and Opel -up 3 spots- closes the top 10 with 6,787 new car registrations (+43.4%).

Looking at specific models the Peugeot 2008 sold the most units so far, rising 37.4% from 2022. The second most sold car is the Peugeot 208 with a +39.9% in year-on-year volume.

Medium-Term Market Trend

The Portuguese auto market has had many ups and downs in the last decade. Sales fell more than 50% from 2010 to 2012, starting at 274,559 and ending at 106,748. From 2013 to 2017 the car passenger market inverted its trend, more than doubling and reaching 248,039 new car registrations. The years 2018 and 2019 were slightly negative taking sales down to 231,492 by the end of 2019.

The arrival of the pandemic in 2020 caused the market to fall 37% taking it back down to 145,417 sales.

Following the collapse of the market during the pandemic, 2021 presented a year of slight recovery with sales reaching 146,706 (+1%) and 2022 grew another 6.6% to 156,309. A combination of factors are behind the lower demand in the past years: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

Market Trend and Outlook

New Zealand Car Market in October 2023 collapses for the 4th month in a row, losing 6.7% with 10,042 new registrations. YTD figures at 90,267 are down 6.7% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, the new leader Toyota reports 17,146 sales (+21.0%), overtaking Kia in 2nd with 9,191 registrations (-9.8%), followed by Mitsubishi -down 2 spots- with 8,506 units sold (-43.2%) and Hyundai with 6,034 new sales (-8.3%).

Suzuki maintains 5th with 5,883 sales (-13.7%), followed by MG at 4,399 (+0.2%), Ford -up 4 spots- at 4,030 (+72.6%), and Tesla with 3,777 sales (-13.3%)

Mazda falls 3 spots into 9th position with 3,340 sales (-28.2%) and Honda closes the top 10 with 2,885 new car registrations(-12.4%).

Looking at specific models the Toyota RAV4 is still the best seller rising 34.0% in year-on-year sales, followed by the Tesla Model 3 up 69.9% and 10 spots in the rankings.

Medium-Term Market Trend

New Zealand’s car passenger sales in the past decade have shown signs of a healthy market, growing for 9 consecutive years. From 2010 to 2019 the market doubled, moving from 80,453 in 2010 to 160,878 sales by the end of 2019.

The arrival of the pandemic slowed down car passenger sales in New Zealand, falling 25.7% to 119,579 new registrations.

The pandemic wasn’t enough to stop the uptrend accumulated in the past decade, in fact, 2021 reported a 31.6% growth in new car registrations with 2022 continuing the uptrend and reaching 116,451 cumulative sales(+3.8%). Although the market grew in 2022, it did so at a slower pace. A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and the Governments push towards Evs.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturers Group.

Market Trend and Outlook

The Polish car market in October 2023 grow for the 14th consecutive month, reporting   40,913 new sales (+27.8%). YTD figures at 391,228 are up 12.2% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, the leader is still Toyota with 75,658 sales (+24.9%), followed by Skoda in second at 41,534 (+22.8%). These two brands combined hold more nearly 30% market share.

Kia maintains 3rd with 30,550 sales (+6.2%), in front of Volkswagen in 4th with 28,130 new registrations (+10.0%).

Hyundai maintains 5th place with 22,082 sales (-3.4%), followed by Audi -up 3 spots- in 6th at 21,067 (+35.4%), BMW at 18,994 sales (-3.8%) and Mercedes with 17,013 (-6.8%).

Dacia ranks in 9th position accumulating 14,668 sales (-13.5%) and Renault rises 1 spot into 10th with 14,484 new car registrations (+23.4%).

Looking at specific models the Toyota Corolla is still the best seller with a 48.4% increase in year-on-year sales. The Skoda Octavia ranks in second with a 39.6% growth.

Medium-Term Market Trend

In the last decade the Polish market has seen a substantial growth. Between 2010 and 2012 the demand for car passengers was struggling with year-on-year sales falling 12.3% in 2011 and reaching 272,655 by the end of 2012. In 2013 began an uptrend that would continue for 7 years, reaching the all-time high in 2019 at 528,900.

As in most of the world the arrival of the pandemic in 2020 brought great difficulties in the automotive industry, with manufacturers and resellers closing down all over. The Polish car market fell 19.2% that year, dropping to 426,887 cumulative sales.

Fortunately the market recovered immediately after, with 2021 closing at 444,385 sales (+4.1%). The momentum came to a halt in 2022, with the year totaling 419,749 sales, a 6.2% decrease from the prior year. A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs, an expensive alternative for low income consumers.

Tables with sales figures

In the tables below we report sales for 10 Brands and top 10 Models.

Market Trend and Outlook

The Australian Vehicles Market in October 2023 grows for the 7th month in a row after a loss in March. New monthly sales reach 103,413 (+23.1%). YTD figures at 972,605 are up 12.1% compared to the previous year.

Looking at cumulative data up to October 2023 brand-wise, Toyota reports the  most sales at 174,957 (-10.1%), followed by Mazda at 84,536 (+6.1%), Ford -up 3 spots- at 69,809 (+31.0%) and Kia at 64,770 sales (-2.7%).

Hyundai maintains 5th position with 63,578 sales (+0.3%), in front of Mitsubishi at 52,109 (-21.6%) and MG with 48,909 registrations (+25.8%).

Tesla jumps 8 spots into 8th with 39,985 sales (+164.2%), followed by Subaru at 38,666 (+36.8%) and Isuzu in 10th with 36,501 new registrations (+21.6%).

Looking at specific models the Toyota Hilux is the best selling car, despite falling 8.4% in sales. The Ford Ranger follows in second with a 30.6% growth in year-on-year registrations.

Medium-Term Market Trend

In the past decade the Australian vehicle market has remained relatively stable. In 2010 and 2011 sales remained around 950k registrations. While in 2012 with a 12.6% growth light vehicle sales rose above 1 million and stayed above this mark until the arrival of the pandemic. During these 8 years sales didn’t fluctuate much reaching a maximum of 1.17 million in 2016 an a minimum in 2019 at 1.04 million sales.

With the arrival of Covid-19 in 2020 the Australian vehicle market took a 15.1% hit moving  sales down to 880k registrations.

This drop, enhanced by the closing down of manufacturing plants and distributors ,didn’t last long. In fact, in 2021 sales jumped back above the 1 million mark with a y/y growth of 14.9%. 2022 maintained the momentum and grew another 1.5% in volume.

In 2023 the momentum from the last 6 months of 2022 continues, with the first months of the year maintaining the uptrend. Despite starting off on the right foot, the Australian vehicles market in 2023 will have to confront a few issues that put negative pressure on sales: the disruption in the global supply chain due to a lack of raw materials and the Governments push towards Evs will continue into 2023.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Groups, and top 10 Models.

Market Trend and Outlook

The National Development Council (NDC) stated on the 16th of October that its most recent forecasts show Taiwan’s gross domestic product (GDP) growing by about 1.5 percent in 2023 amid improvements for the export-oriented manufacturing sector. This forecast is consistent with data from the second and third quarter of 2023, showing that the economy grew 1.7% and 2.1% respectively.

Interestingly enough the rebound reported in Q2, following two consecutive quarters of GDP contraction, was driven by private consumption , which increased 12.1% (y/y). This  figure is consistent with the year-on-year growth of YTD sales in the Taiwanese Vehicle Market. In September 2023 it grows for the 8th month in a row after a -18.9% in January, with new sales reaching 37,079 (+3.5%). YTD figures at 350,893 are up 12.8% from the prior year.

Looking at cumulative data up to September 2023 brand-wise, the leader remains Toyota with 91,952 sales (-0.4%), far in front of Lexus -up 5 spots- with just 24,094 sales (+67.3%).

Honda falls 1 spot 3rd with 20,516 sales (+0.7%), followed by Mercedes at 18,182 sales (+7.1%), Ford at 17,405 (-3.9%), Hyundai -up 4 spots- at 16,965 registrations (+46.1%) and Nissan -down 3 spots- in 7th with 16,189 sales (-6.9%).

CMC falls 3 spots into 8th with 14,374 sales (-15.3%), in front of Tesla at 14,342 (-105.3%) and BMW closing the Top 10 with 14,000 sales (+4.8%).

Looking at specific models the Toyota Corolla Cross is the best seller despite a 7.0% loss from the previous year, followed by the Toyota Town Ace up 81.9% and 8 spots in the rankings.

Medium-Term Market Trend

The Taiwanese market has presented an overall growth in recent years, rising from 327,615 sales in 2010 to 438,145 in 2019. Despite the overall increase in demand between 2010 and 2019 , there have been some minor losses: -1.6% in 2012, -0.5% in 2015 and -3.0% in 2018.

In 2020 the Taiwanese Government was able to contain the Covid-19 virus through effective quarantines and avoid extreme measures like the lockdown. Mainly for these reasons the light vehicles market reached the current all-time high of 454,783 sales (+3.8).

Demand for light vehicles fell 1.1% in 2021 and in 2022 dropped even further (-4.0%). A combination of factors were behind the industry struggle: a disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips, and the Governments push towards Evs.

These factors will continue to put downward pressure on sales in the Taiwanese market, that in the first months of 2023 has already shown signs of struggle.

Tables with sales figures

In the tables below we report sales for top 10 Brands.

The best selling car up to September 2023 becomes the Daihatsu Sigra -up 5 spots- with 46,875 sales (+37.4%),  in front of the Honda Brio with 46,643 (+9.9%) and the Toyota Avanza -down 2 spots- with 45,237 sales (+2.3%)

The Toyota Kijang ranks in 4th with 43,384 sales (+21.8%), followed by the Daihatsu Gran Max PU with 36,607 sales (+9.3%), the Toyota Cayla with 34,312 registrations (+9.4%) and the Suzuki Carry Pick Up -down 4 spots- with 32,121 units sold (-18.8%).

The Mitsubishi Xpander falls 3 spots into 8th place with 30,615 sales (-13.5%) ahead of the Toyota Rush with 28,178 units sold (-11.9%) and the Honda HR-V, -up 2 spots- in 10th with 20,689 new registrations (+10.0%).

Tables with sales figures

In the tables below we report sales for the top 50 Models

Market Trend and Outlook

Kazakhstan’s vehicle market in September 2023 rises for the 11th consecutive month, with new vehicle registrations at 16,965 (+44.7%). YTD figures at 134,102 are up 56.2% from the previous year.

Looking at cumulative data up to September 2023  brand-wise, Hyundai becomes the new segment leader with 35,273 sales (+68.4%), followed by Chevrolet in second with 31,947 (+30.5%) and Kia in 3rd with 18,583 (+91.0%).

Chery rises 4 spot into 4th position with 8,446 sales (+244.5%), in front of Toyota  with 6,931 (-3.9%), Haval at 5,332 (+662.8%) and JAC with 5,303 cumulative registrations (+109.7%).

Changan jumps 36 spots into 8th with 4,477 sales, followed by Lexus -down 1 spot-  with 2,818  (+43.8%) and Gaz -down 1 spot- closing the Top 10 at 2,455 registrations (+73.9%).

Looking at specific models the best selling car is the Chevrolet Cobalt which rose 35.1% this year, in front of the Hyundai Tucson in 2nd with a 92.5% year-on-year increase in sales.

Medium-Term Market Trend

Kazakhstan’s vehicle market increased substantially from 2010 to 2014, reporting triple digit growths in 2011 and 2012, with sales in 2014 ending at the current all-time high of 150,330. Subsequently in 2015 demand for light commercial vehicles fell 39.4%, reaching 44,388 by the end of 2016 (-51.3%). In 2017 the market rebounded, with sales growing back up to 71,994 by the end of 2019.

The arrival of the pandemic in 2020 didn’t halt the momentum gained in the previous years, with sales amounting to 92,963.

In 2021 sales continued to increase reaching 119,445. While in 2022 the market slowed down, growing just 1.8% to 121,647 cumulative new registrations. Demand is falling because of the higher prices imposed by Manufacturers. Brands in fact are upping prices to combat the lack of raw materials in particular for the production of micro-chips. This shortage has created a disruption in the global supply chain, that has affected vehicle demand world wide.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.