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.

Danish Auto Sales in October 2023 grow for the 10th month in a row, with new registrations at 13,227 (+21.9%). YTD figures at 137,191 are up 14.4% from the previous year. Tesla becomes the best selling brand (+618.0%).

Market Trend and Outlook

The Danish economy has been on a remarkable growth journey, which has boosted employment to the highest level ever. The current account surplus has thus risen sharply and public finances have been positive for six years running.

However, signs of an impending slowdown are starting to show, not least through the higher interest rates and downturn in key export markets. This is expected to push the Danish economy into a new phase, with lower activity and growing unemployment. However, the dampening will be relatively mild and soon replaced by renewed progress during 2024.

The Danish Auto Market is the perfect example of this growth, with sales in October 2023 growing for the 10th month in a row and reaching 13,227 new sales (+21.9%). YTD figures at 137,191 are up 14.4% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, the leader is still Tesla -up 17 spots- with 15,838 sales (+618.0%), followed by Volkswagen with 13,312 registrations (-0.4%) and Audi -up 6 spots- with 11,333 units sold (+72.9%).

In 4th position ranks Toyota at 9,664 sales (-12.2%) in front of Skoda with 7,698 registrations (+7.3%), Peugeot with 7,674 units sold (+4.5%), Hyundai -down 1 spot- with 6,953 sales (-0.7%) and Mercedes -down 5 spots- in 8th at 6,936 (-25.7%).

Ford maintains 9th position with 6,394 sales (+0.9%) and BMW closes the top 10 with 6,225 new registrations (-3.0%).

Looking at specific models the Tesla Model Y sold the most cars reporting a 711.3% increase from the previous year, followed by the Peugeot 208 which grew 53.4% in yearly volume.

Medium-Term Market Trend

In the past decade the Danish auto market has had 2 main trends. In the first part of the decade the market grew almost doubling in volume, starting in 2010 at 141,505 and reaching an all-time high of 231,551 sales in 2016. The trend inverted in 2017, starting a long downtrend, that would be interrupted briefly in 2019 with a 3.6% growth to 225,219 sales.

In 2020 arrived the pandemic that caused many European markets to collapse, and the Danish one was no exception, falling 12.1% to 198,034 new car sales.

The fall continued through 2021, reporting a 6.4% loss, and 2022, which lost another 20% 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 all Brands, top 10 Manufacturers Group, and Top 10 models.

Argentina Auto Sales in October 2023 grow for the 16th consecutive month, with 39,648 new registrations and a 42.3% year-on-year increase in sales. YTD figures reach 368,191 up 16.7% from the prior year.

Market Trend and Outlook

The Argentinian Vehicle Market in October 2023 grows for the 16th consecutive month, reporting 39,648 new registrations and a 42.3% year-on-year increase in sales. YTD figures reach 368,191 up 16.7% from the prior year.

Looking at cumulative data up to October 2023 brand-wise, the leader is Toyota with   80,921 sales (+17.7%), followed by Fiat at 50,137 (+7.2%), in front of Volkswagen with 47,335 light vehicle registrations (+22.3%).

Renault maintains 4th position with 43,353 sales (+26.6%) followed by Peugeot  at 37,605 (+31.0%), Ford with 31,730 (+49.5%) and Chevrolet -down 1 spot- with 27,128 new light vehicle sales (+12.3%).

Nissan maintains 8th position with 16,303 sales (+38.0%), in front of Citroen in 9th with 10,459 (-4.9%) and Jeep closing the Top 10 with 7,809 sales (+1.1%).

Looking at specific models the Fiat Cronos remains the best seller with an 34.5% increase in year-on-year sales. In second ranks the Peugeot 208 which grew 65.2% in yearly volume.

Medium-Term Market Trend

The Argentinian light vehicle market had many ups and downs in the last decade, rising to 917,777 sales in 2013 and collapsing 25.4% in the following year to 684,459 new registrations. Sales fell to 633,740 in 2015 and began to recover up to 863,556 in 2017. 2018 and 2019 both reported losses with the later falling 42.9% reaching the lowest of the past decade at 438,590.

The arrival of the pandemic in 2020 worsened the situation causing the market to fall another 30.7% to 303,793.

Post-covid the Argentinian light vehicle market is showing signs of recovery with 2021 ending at 355,793 sales (+17.1%) and 2022 totaling 392,533 sales, a 6.5% growth from the prior year. The momentum gained in the second half of 2022 continues into 2023, with the first months of the year reporting strong growth.

Despite the great performance in the last few years, there are a few factors that  will put negative pressure on the market throughout 2023: 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. This last point isn’t as important now as it will be in the future, considering that currently only 0.45% of market share in South America belongs to BEVs.

Tables with sales figures

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

Ireland Best Selling Cars ranking in June 2023 sees the Hyundai Tucson on top of the leaderboard (-30.3%). The Volkswagen ID.4 surges 74.5% into 5th spot. Tesla Model Y Enters the top 10 (+766.5%).

The Best-Selling Cars ranking in H1 2023 is lead by the Hyundai Tucson, maintaining 1st position with 3,229 new sales (-30.3%) and 4.2% market share.

The Toyota Corolla ranks in second with 2,532 sales (-21.8%), ahead of the Kia Sportage -up 3 spots- with 2,409 new registrations (+21.1%) and the Toyota Yaris Cross with 2,133 units sold (+44.0%).

In fifth place, the Volkswagen ID.4 rises 7 spots with 2,031 sales (+74.5%), followed by the Toyota C-HR with 1,949 registrations (-10.3%) and the Toyota Yaris with 1,918 units sold (-6.1%).

Closing the top 10, the Nissan Qashqai rises 6 spots into 8th with 1,603 sales (+42.0%), the Skoda Octavia -up 2 spots- with 1,576 units sold (+33.0%) and the Tesla Model Y in 10th with 1,525 new registrations (+766.5%).

Tables with sales figures

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

Excel Dataset

We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country.

You can have access to this service:

• Data by Year/Month/Brand/Model/Segment
• Historical data (from 2010 to last month) and/or to monthly sales update.
• Next Year’s Forecast
• Data is released in excel via mail or cloud.

Last 2 years dataset cost €3.000. 

The service cost is correlated with the data perimeter and you will have a customized quotation just contacting us at info@focus2move.com

Market Report

The report provides a comprehensive and complete overview of the market competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends.

Through our comprehensive global sales database and the expertise of seasoned consultants in this field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Table of contents

• Country Overview
  • Geography
  • History
  • People & Politics
• Economic Outlook
  • Economy
  • Infrastructure
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Premium Brands
  • Chinese Brands
• Market Data By Model
  • Top selling Models 2022
  • Top models by segment and body type
• Key Factors for market Evolution
  • Country development
  • Economic Outlook
  • Customer base evolution
  • Low-Carbon Transition Policy
  • Infrastructure & Investments
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

Price for market research: €2,500

Price for market research + Last 2 Years dataset in excel: €4,000

For further inquiries contact us at info@focus2move.com

Mozambique’s Auto market in 2022 reversed the downtrend set in the previous year, totaling 2,607 sales, a 12.0% increase from the prior year.

Market Trend and Outlook

Mozambique’s vehicle market in 2022 reversed the downtrend set in the previous year, totaling 2,607 sales, a 12.0% increase from the prior year.

Looking at cumulative data from 2022 brand-wise, the leader is Toyota up 12.2% in sales, followed by Ford  which gained 13.1% in market volume this year. Nissan in third increased in sales by 11.9%.

Medium-Term Market Trend

The Mozambican vehicle’s market is finally back on track, after an extremely weak 2015-2017 period of time, where registrations were almost only two-third of the 2014 volume. When the market had posted the all-time record in 2014 with 7,286 sales (including HCVs), nobody would have thought there could be a drop in sales at 2,478 units. Indeed, in 2018 the market started recovering with 3,817 units sold (+54%).

In 2019, the market signed the second consecutive annual growth. Indeed, Full-year registrations have been 4,172, up 9.3% from the previous year.

Due to the COVID-19 Pandemic full-Year sales for 2020 have been 3,281, reporting a decline of 21.4% compared to 2019.

The downfall continued into 2021, with sales at 2,327 reporting an 11.1% decrease compared to 2020.

]]> https://www.focus2move.com/malawi-auto/ Sat, 25 Mar 2023 16:30:39 +0000 https://focus2move.com/?p=36388 Malawi's vehicle market in 2021 falls by 8.9% with 1,050 sales, reporting a positive performance only in Q2 due to the very low sales levels of Q2 2020. Nissan grows rapidly, but remains very far behind Toyota's leadership.

Argentina Vehicle Sales in 2022 total 392,533, the highest level since 2019 and a 6.5% increase from the prior year. In December the market grew for the 6th month in a row, with 47,628 new registrations (+35.5%).

Market Trend and Outlook

The Argentinian Vehicle Market in 2022 totaled 392,533 sales, the highest since 2019 and a 6.8% increase from the prior year. In December the market grew for the 6th month in a row, with 47,628 new registrations (+35.5%).

Looking at cumulative data from 2022 brand-wise, the leader remains Toyota with 85,357 sales (+16.2%), followed by Fiat with 55,675 (+10.6%) overtaking Volkswagen with 48,215 new light vehicle registrations (-14.8%).

Renault maintains 4th position with 44,669 new sales (+26.5%) followed by Peugeot -up 2 spots- with 35,658 (+31.2%), Chevrolet with 29,197 (+7.1%) and Ford -down 2 spots- with 27,730 new light vehicle sales (-5.4%).

Nissan maintains 8th position with 15,232 sales (-3.1%), in front of Citroen in 9th with 13,836 (+11.3%) and Mercedes -up 1 spot- closing the Top 10 with 11,375 sales (+2.7%).

Tables with sales figures

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

Ireland Best Selling Cars ranking of 2022 sees the Hyundai Tucson on top of the leaderboard, followed by the Toyota Corolla. The Toyota Yaris Cross reaches 8th place and the Kia Sportage enters the podium

In the best-selling cars ranking of 2022, the Hyundai Tucson remains the leader and reaches 6.1% market share with 6,444 units sold (+17.5%). 

In second ranks the Toyota Corolla with 4.0% market share and 4,244 sales (-2.8%), ahead of the Kia Sportage -up 7 spots- with 3,542 new registrations (+68.4%) and the Toyota C-HR -up 1 spot- with 3,108 units sold (+20.0%).

In fifth place, the Volkswagen ID.4 rises 14 spots with 2,998 sales (+109.2%), followed by the Toyota RAV4 with 2,912 registrations (+13.6%) and the Toyota Yaris – down 4 spots- with 2,685 units sold (-0.8%).

Closing the top 10, we find the Toyota Yaris Cross up in 8th place from 115th with 2,273 sales, the Hyundai Kona -up 2 spots- with 2,128 units sold (+7.9%) and the Skoda Kodiaq in 10th with 2,099 new registrations this year (+10.9%).

Tables with sales figures

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

Danish Auto Sales in 2022 close at 148,298 (-20.0%), the lowest since 2010. In December the market fell for the 4th month in a row, reporting 15,219 new registrations (-14.4%).

Market Trend and Outlook

The Danish auto market in 2022 totals 148,298 sales, a 20.0% decrease from the prior year and the lowest level since 2010. In December the market fell for the 4th month in a row, with 15,219 new registrations (-14.4%).

Looking at cumulative data from 2022 brand-wise, all brands in the top 10 present negative year-on-year trends. The leader is still Volkswagen with 17,137 sales (-12.3%), followed by Toyota with 12,832 (-13.7%) and Mercedes with 12,052 new car registrations (-0.9%).

In 4th position ranks Hyundai -up 2 spots- at 8,744 sales (-21.9%) in front of Skoda -up 5 spots- with 8,689 (-13.6%), BMW with 8,444 (-35.6%) and Audi with 8,435 (-20.3%).

Peugeot falls into 8th spot with 8,408 sales (-38.5%), while Kia rises 2 spots into 9th with 7,692 registrations (-13.3%) followed by Ford in 10th with 7,813 sales (-29.5%).

Tables with sales figures

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