Country Overview China is the world’s 4th larger country, with over 9.5 millions km2, but is unrivaled as 1st as number of citizens (1.350.000) and with a GDP at purchasing power parity of $ 11.3 trillion is the 2nd global economy. The Chinese is the biggest world’s car industry, with over 18 millions vehicles sold in 2011.View items...
Country Overview Japanese GDP pro capita in 2011 was $ 34.300, slightly below 2010 as effect of March 11th earthquake and following tsunami. After experiencing a long period of internal stagnation, the country is facing a hard recovery period, pushed by emergency. In the 2011 the Japanese was the world’s 3rd car market with over 4.1 millions car registered.View items...
Automotive sector overview With over 4.5 millions light passenger vehicles produced in 2010, South Korea is the world’s 5th automotive producer. Domestic producer are Hyundai, Kia (partially controlled by Hyundai), Ssanyong, Samsung (25% controlled by Renault) and Daewoo (controlled by GM Group). South Korea domestic light vehicle industry is the 12th globally.
Country Overview 49 millions people living in only 100.000 km2, working hard to conquest the world: that’s the fuel of Korean growth as high-tech industrialized economy. In 2011 with a GDP (at purchasing power parity) of $ 1.554 trillion, the country is the 13th economy globally and the per capita GDP at $ 31.700 is 40th ahead of countries like Italy and Spain, with a fast growing rate that project this country ahead to European Community by 2015. The unemployment rate is among the best globally (at 3.4% in 2011) with a Central Bank discount rate at 1.5% (Dec. 2011) in spite rising inflation rate (now at 4.2, was 3.0 in 2010). National Budget is producing a surplus (2,2% or $ 25.000 billions in 2011) and the Public Debt is only 22.5% of GDP (the 22th lower globally). South Korea is the world's 5th largest nuclear power producer (2nd in Asia). Nuclear power in South Korea supplies 45% of electricity production.View items...
Indonesia is the 15th largest country in the world with its 1.9 million km2. In terms of Population it is 4th with over 245 million people. It is a young, fast, smart country, the 16th as GDP ( $ 1.121 trillion in 2011) still in phase of development, as confirmed by the low level of pro capita income (at $ 4.200) or by the low number of Internet Users (only 8 pct. of the population). Annual GDP rate was 4.6, 6.1 and 6.4 respectively for 2009, 2010 and 2011, while unemployment index is declining from 7.9 (2009) to 6.7 (2011). Last year the National Budget was in deficit (-1.2%), but Public Debt remains low, around 25% of GDP. Inflation is moderately high (5.7% in 2011) while Interest rate are high (Commercial bank prime lending rate at 12.2% at the end of 2011). Indonesia is a member of ASEAN economic association.
Automotive Industry in this country, circulating vehicles are normally with only two wheels (52 million motorbikes were circulating at the end of 2009) and with low displacement. However, car industry is growing fast, at an average rate of 20 pct. during last 5 years achieving its all-time record volume year after year. The 2011 closed at 773.000 light passenger vehicles registered , confirming the country 2nd place inside ASEAN region and the 20th at global level.View items...
Thailand is a Constitutional Monarchy divided in 77 provinces and Member of ASEAN economic association. It is world's 20th country as population (67 million) and is still struggling to find a stable democratic process (current Constitution Act was issued in 2007 and could be reviewed in 2012), with thousand people killed in last years in the violence associated with southern Muslin provinces cause. Population growth rate at 0.5% annual is among lowest globally and dramatically influenced by high AIDS diffusion. In 2009 Thailand was the 13th world's country as deaths for AIDS. Urbanization is still low (34%) and people living in Bangkok is only 10% of total.
In the last 15 years Thailand growth at an average 4% rate, with a 2009 GDP 2.4% contraction due to global financial crisis impact over Thai exports. The recovery was fast, with a + 7.8% in 2008 and 4% in 2011, when the development was severely compromised by a catastrophic October flooding event in the industrial areas north of Bangkok, crippling the manufacturing sector.
the sector is employing over 300,000 people, generating 12% of the national GDP and is the country biggest manufacturing sectors. Ford, GM, BMW, Daimler, Chrysler, Mitsubishi, Mazda, Toyota, Isuzu, Honda and Nissan have established presence in the country. In the 2000 only 411.000 light vehicles were produced in the country, the 0.7% of global production. Ten years later, the 1.6 million units produced were the 2.1% of global production, with Thailand first Pick up models producer.View items...
Vietnam is a small country of 331.000 km2, with a long coastline (over 3.400 km) and very high people density. As number of citizens (91 million) Vietnam is the 14th World's country. The urbanization is still low (30%) and less than 10% of people are actually living in the three biggest city, Ho Chi Minh City, Hanoi (the capital) and Haiphong.
Vietnamese economy is high centralized, with state-owned enterprises producing around 40% of GDP. In the last years, Vietnamese authorities were committed to economic liberalization and international integration and managed the country across structural reforms to join WTO (January 2007).
Deep poverty is declined significantly (10.6% of population below poverty level in 2010) while Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. Pro capita revenue at $ 3.300 still is among the worst globally.
During last decade GDP grew at 7% per annum average. The 2008 global financial recession has hurt Vietnam's export-oriented economy, and the measures taken by the Government to limit trade deficit caused high interest rate an 18.9 inflation rate.View items...
Malaysia is a young State, born in the 1963 when the former British colonies of Singapore and the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo joined the Federation of Malaya, independent from Great Britain since 1957. Malaysia today is an aggregate of over 29 millions people, of many different ethnics groups (Malays are 50%), religions (Muslim are 60%), languages. The State is a constitution Monarchy, with Kuala Lampur as capital.
Until few years ago Malaysia was a producer of raw materials exported in developed countries, while in recent years the internal use of abundant natural resources has been used to create a dynamic and emerging local economy driven by sectors like Financial, high technology industries, biotechnology, and services. However Exports remain a significant economy driver, particularly for electronics, oil, gas, palm oil and rubber.
The recent progressive increase of world energy prices was a great profit opportunity for Malaysia, in spite is also creating pressure on internal cost of gasoline and diesel fuel with negative impact of economy growth.
With purchasing power parity GDP of $ 447 billion, Malaysia is the 30th global economy, while growing rate of 5.2 and 7.2 respectively for 2011 and 2010 prove a growing speed above the average projecting the country to be in the Top Rank as emerging countries for the next decade.
Pro capita GDP at $ 15.600 (2011) is fast growing (in 2009 was $ 14.200) and combined with low unemployment rate (3.1 in 2011) and low interest rate (Central Bank discount rate at 2.8) are fueling commodity goods purchase.View items...
India is the 7th largest global country with 3.3 million square kilometers and the 2nd as population with 1.2 billion people. In spite in recent years the country lived a strong economic development it is too early to consider the country "developed". Indeed inside India there are thousand different realities. The level of urbanization is still low (30%), while the India Metropolis are among the largest and more dynamics in the world.
National GDP in the period 1998-2008 grew by 7% in average and in spite negative impact of 2008 global financial crisis, India continued to growth. In 2011 the Total GDP was $ 1.843 trillion, 7.8% up on previous year. However the pro capite income remains very low, at $3.700 (at purchasing power parity). However persistent high inflation rate (6.8% in 2011, 12.0 in 2010), high bureaucracy and petrol price increase have increased the level of Government's fuel subsidy expenditures increasing National Deficit (5% in 2011).
Widespread poverty, inadequate infrastructure, limited employment opportunities are the key issue to face in the country want to really become a Global Leading player.
Car industry overview
India automotive industry is the 2nd globally as two wheels, with around 80% of vehicles on the roads that are two wheelers. This will not change in the next decade, considering the infrastructure development is very slow as the pro capita income growth.
As car manufacturer India is growing with an exceptional speed. In 2003 national production for the first time exceeded the 1 million yearly production. In 2006 it exceeded the 2 million, and in 2010 the 3 million. In 2011 with 3.9 million vehicles, India was the 6th largest global car manufacturer. In last four years, India production increased by 68%, second only to China.
Domestic light passenger market at 2.571.000 units was the world's 8th in the 2011.View items...
Saudi Arabia is the 13th largest global country, covering over 2.1 million square kilometers, in the dry desert area of Persic Gulf, with over 26.5 millions citizens. The country is a Constitutional Monarchy, under King Abdallah, that is leading global interfaith dialogue encouraging religious tolerance and respect. During early 2011 Arab Spring protest in North Africa and Middle East area, the Government announced a plan to progressively encourage a social and democratic country evolution. Arabia is a WTO Member since December 2005 and is largely depending by petroleum industry, counting over 75% of National GDP an over 90% of Exports (2nd global exporter).
Saudi Arabia GDP (purchasing power parity) in 2011 was $ 676 billion (+6.4% on 2010), the 24th globally, with a pro capita income (purchasing power parity) of $24.000 (+4% on 2010). The country is one of the wealthy in the world producing a yearly National Surplus above 14% and having a Public Debt only at 9.4% (2011) of GDP. The great opportunity is represented by the use of these resources to increase people real wellness.
The New 6 Economic Cities
In 2005 the King announced an ambitious and world unique project: to built 6 new "economic cities" entirely built from zero, in order to place Saudi Arabia among the world's top ten competitive investment destinations and double pro capita income by 2020. With this project the country could change its economy reducing the high and riskful dependance by petroleum sector.View items...
The Republic of Philippine consists in a large archipelago made up of 7,107 islands favorably located in the Southeast Asia's Pacific Ocean. The country is Member of ASEAN. With 103 millions people (12th globally) and a crowd capital in Manila (11 million citizens) the country is not yet able to sustain all population and large emigration process is still relevant. With a purchase power parity GDP of $ 390 billion (2011 est.) Philippine is the 33rd global economy with huge growing potential. Pro capita revenue of $ 4.100 is one of lowest globally and level of poverty is still very high (1/3 of people). On this the effects of natural floods have a relevant part.
The country economy is based on domestic consumption and large remittance from 45 millions people emigrated. Exports are low compared with the rest of South Asian regions. Government is working to reduce public debt (now at 50% of GDP) to increase sovereign debt ratings and provide incentives global capital joining the country for new investments.View items...
The kingdom of Bahrain is a small country (760 square kilometers, the 188th in the world) born over an archipelago in the Persian Gulf, independent since 1971. There are over 1.2 million people, with a pro capita income of $ 27.300 (purchase power parity), high level of unemployment (15%), high Public Debt (75.3%) and low inflation (0.3%) and interest rate (0.5%). It is a Member of Gulf Cooperation Council (GCC).
Originally the economy was based on petroleum sector, but the declining reserves forced the country to transform itself into an international banking center able to attract many multinational firms, becoming a sort of financial hub for the Gulf. However petrol remains source of 70% of government budget and 11% of GDP.
The country is living an increasing popular protest claiming for more democracy and human right respect. In March 2011 it was declared the state of emergency and Manama controlled by military force. In spite many efforts deployed to recreate a positive dialog with protestants, the situation is deteriorating.
In 2011, Bahrain economy suffered the difficult social environment and the persistent and growing riots are reducing confidence in the international community.View items...
The large territory around Indus Valley including Pakistan, Bangladesh and India has seen the flourish of human civilization, more than 5.000 years ago. For centuries, it was under the British Empire dominion. When it became independent, after World War II ended, Pakistan and India started fighting each other because of religious differences.
During the last 60 years, Pakistan's development has been deeply influenced by the antagonism with India that also generated 3 military wars, the last in 1971. Nowadays, the tensions are still high and are constraining the civil, religious, democratic and economic development of Pakistan.
The permanent civil war in neighboring Afghanistan is also creating huge issues for Pakistan, with thousands of people arriving to escape war and poverty. Pakistan has been appointed as a non-permanent UN Security Council member for the period 2012-2013, as a sign of fundamental role the country plays in the Middle East peace process.
Pakistan is the world's 6th most populated country, with over 190 million people, more than half of which are living below the poverty level (UN Human Development in 2011 report).
The economy is still based on agricultural activities, while half of the country's exports come from the textile sector. Unemployment is particularly high, despite official data indicating it is only 6%.
The country is living with high economic and political instability, with the currency depreciating by over 40% in last 5 years and inflation above 13%. As a result, per capita income is one of the lowest worldwide, at only $2.800 in 2011, and is not growing.View items...
The United Arab Emirates was founded in the 1972 and is a federation of seven monarchies: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah, and Umm al-Qaiwain. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. In the last decades many efforts had been taken to diversify the economy from oil into advanced sectors like finance, commerce, transportation and tourism. In Dubai it was created a free trade zone that offers opportunities for 100% foreign ownership with zero taxation. However, hydrocarbons still account for roughly 80% of total government revenues. In 2008–2009, the UAE was hit hard by falling oil prices, the collapse of a real estate bubble, and the global banking crisis, but the economy has slowly rebounded. Today the 5.3 millions citizens growth at a yearly rate of 3% (the world's 10th) and benefit from a pro capita income of US$ 48.000, one of world's highest.
The country economy is one of the faster growing in the world, thanks to a growing level of economic freedom, a stable inflation rate (at 2.5% this year) and a low public debt (in 2011, 42% of GDP). In the 2011 the GDP was 5%.View items...
Occupying the south-east corner of the Arabian Peninsula, Oman has a strategically important position at the mouth of the Gulf. After deposing his father in 1970, Sultan Qaboos Bin Said opened up the country, embarked on economic reforms and boosted spending on health, education and welfare. The economy is highly depended by oil, in spite Oman is a small modest producer. Other relevant sectors are agriculture, fishing and tourism, recently increased thanks to the beauties of the country, with untouched coastline, mountains, deserts, forts and ancient cities.
The country has so far been spared the militant Islamist violence that has plagued some of its neighbors. It has long been a useful Arab ally to Washington, not least because of its steady relations with Iran. Oman has not been immune from the groundswell of political dissent in the region. Protests in 2011 demanding reforms were dispersed by riot police.
The 3 million citizens have a pro capita income of US $ 26.200 (in 2011). Inflation rate is at 4% while the public debt is only at 4% of GDP. Economy is in a positive momentum and after a 4% increase posted in 2010 and 2011, the current year is projected above 6%.View items...
The reign of Kuwait is a small country (17.800 square km) compressed between Iraq and Saudi Arab, with 2.6 million citizens, 40% of which immigrated in recent years, attracted from labor availability. The country was part of British Empire until the independence found in the 1961 and is a constitutional monarchy.
The Kuwait crude oil reserves are about 7% of world reserves. Petroleum accounts for nearly half of GDP, 95% of export revenues, and 95% of government income. While others countries of the area are committed to diversify economy since years, Kuwait hesitated before putting in place a plan in this direction and remains strongly influenced by crude oil international price oscillations.
However, in 2010, the Kuwait Government introduced a five years industrial plan that pledges to spend up to $130 billion to diversify the economy away from oil, attract more investment, and boost private sector participation in the economy.
In the 2011, the Kuwait GDP was at US$ 150 billion, the world's 60th, growing 5.7%, up 2.3 points from previous year. The pro capita revenue was $ 40.700, but revenues are heavily concentrated in few families. Unemployment rate was at 2.2% and the country is attracting labor force from all the South Asian area.View items...
The emirate of Qatar is a small peninsula of 11.500 square kilometers placed in the Persian Gulf, with around 2 million people, of whom only 40% are Arabs and over 36% are original of Hindu Valley.
Since the independence (1971) Qatar prospered thanks to the large crude oil reserves, but in the last ten years a strong plan has been realized to develop financial and service sectors, increasing private and foreign investments in the non-energy sectors. In the 2011, the oil & gas sector counted 50% of GDP and 85% of exports. The GDP was US $ 182 billion with an astonishing 18.7% increase (it was 16.6% in 2010 and 12.0% in 2009), with a pro capita income of US $ 102.700 (the world's second), more than double than USA. Unemployment is at zero, of course!
Qatar's has been chosen as site for the 2022 FIFA World Cup and this task will accelerate large-scale infrastructure developments such as Qatar's metro system and the Qatar-Bahrain highway.View items...
In those 20.000 square km along the south east Mediterranean cost, where the independent state of Israel was created after the II World War, the stones are full of history, religion, deaths and hopes. The 7.5 million people, of which 75% are Jewish, live concentrated in their towns (urbanization index at 92%), living between peace and war.
The Israel economy is based on high technology activities, service, tourism and agriculture. The global financial crisis of 2008-09 marginally hit this country, thanks to the government's conservative economic policy based on strong control of cost and a resilient banking sector. The economy has recovered better than most advanced, comparably sized economies, with GDP increased 4.8% in 2010 and 2011. The pro capita income at US $ 31.000 is increasing year after year and the unemployment rate is declining (5.6% in the 2011). The infrastructure network is well developed with 49 airports, 1.000kms of railways and over 18.000 paved roadways.View items...
Taiwan is a 36.000 square kilometers with a high population density (23 million people) with a dynamic capitalist economy recently opened at a more competition in service and industrial sectors while highly dependent on exports, with FTA agreement signed with all major countries.
The 2008 global crisis touched marginally the country, with GDP declined in 2009 only 1.9%, before recovering 10.9% and 5.2% in the following years.
Since 2005 China has overtaken the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Three financial memorandums of understanding, covering banking, securities, and insurance, took effect in mid-January 2010, opening the island to greater investments from the mainland's financial firms and institutional investors, and providing new opportunities for Taiwan financial firms to operate in China.
The pro capita revenue at US$ 37.000 is the world's 27th while the unemployment rate at 4.6% (2011).
The Automotive sector is strong although the car production was limited to assembly for local market and the OEMs had not seen Taiwan as a base to export cars, as is happening for moped or trucks in the low cost and low tech segments. In the 2011, light vehicles locally produced were 344.000.View items...
The Singapore Republic, founded as a British trading colony in 1819, is an independent state since 1965. Built on a small territory of only 697 square kilometers (world's 192nd), Singapore developed a unique trading activity becoming one of the biggest global port as tonnage. In the last 50 years, the country developed also a powerful activity in banking and services sectors. Actually, 5.3 million people (world's 114th) are living there with one of highest pro capita revenue (US $ 60.500 in the 2011, the world's 5th)
The annual GDP of US $ 319 billion (2011) is the world's 40th with low unemployment rate (in 2011 at 2%) and controlled inflation rate (in 2011 at 5.2%). However, the Public debt is particularly high, with a ratio of 118% over annual GDP, but Singapore governments did not care too much about is.
The transportation network is fully developed with 9 airports and over 3.000 km of roadways. Circulating car park in the 2011 was around 600.000 units.View items...
Wonderful landscape with the Nature still dominates and human people are still rare. That's Kazakhstan, the 9th largest world's country (over 2.7 million square km) with 17.5 million citizens. The country was incorporated in the USSR in the 1935 and found the freedom only in the 1991, when the independent Republic of Kazakhstan born. The country is rich of enormous fossil fuel reserves and plentiful supplies of other minerals and metals, such as uranium, copper, and zinc. It also has a large agricultural sector featuring livestock and grain. A fast economic development is upgrading the country which is now welcoming immigration. Hit by 2008 global financial crisis the country fast recovered with GDP increase above 7% in the last three years.
In 2010, Kazakhstan has embarked on an ambitious diversification program, aimed at developing targeted sectors like transport, pharmaceuticals, telecommunications, petrochemicals and food processing while reducing dependency from mineral sector.
In the 2012 it joined the World Trade Organization.View items...
Myanmar is the world's 24th country as citizens (54 million) while only the 77th as GDP, with a pro capita income at only US $ 1.600, the world's 224th. This is one of the country were poverty is touchable, in spite of various natural resources, as effect of a long blind dictatorship.View items...
Following the end of the 26 years internal civil war with the Liberation Tigers of Tamil, Sri Lanka started to unleash the development opportunities and the GDP rapidly growth in the last year, partially recovering and healthier living conditions, with the pro capita income at US$ 6.100 in the 2012.View items...
April was really positive for the car market in Israel, with sales soared 20.0% from last year. Following the declining first quarter, the market recovered and year-to-date sales were up 2.1%. Toyota and Mazda posted an awful performance.
Starting the new fiscal year, Japanese Automakers aggressively approached sales activity and the car market in Taiwan recovered after a low first quarter. Sales were up 0.8% from last year, but increased orders portfolio will benefit next months.
In April, Indian car market negative momentum went on with a decline of 8.6% and a cumulate loss of 11.3%. In addition, the market was hit by an increase of 10% of the already huge excise duty on SUV models.
Following the record sales posted in the 2012, Indonesian car market continued to advance in first quarter 2013, when sales were up 19.1% from last year, projecting again a new record. Toyota and Daihatsu kept the half of total sales.
In spite of reduced speed, the long run of the Saudi Arabian car market is going on as March sales were reported up 17.4% from last year. First two months 2013 were the highest ever with sales up 18.5%. Chevrolet Tahoe advanced in 10th place.
Hit by low economic expectations and weak internal demand, the car market in Taiwan was negative in March, losing 16.7%. In the first quarter 2013, sales were down 5.1%. Following the February sales boom, Toyota was back down while Mitsubishi was cool.
The last effects of first-time buyers' government incentive are pushing the car market in Thailand further up and March posted a brilliant 41.8% increase. First quarter sales were up 48.7% from last year. Toyota share was above 40%.
March 2013 sales were above expectations in the Chinese car market due to new models launched and strong dealer's rebates. Sales were up 10.9%, with first quarter up 14.8%. Full year 2013 is projected up 7%, above 20 million, first ever.
The Philippines car market is booming an never before. March 2013 sales were up 48.1% and the first quarter ended with sales 40.2% above last year. The market is projecting the new all-time record. A great news for Toyota, able to gain 35% of share.
March car market in Vietnam was hit by expectations over incumbent fees reduction on car registrations and dropped 37% from last year. However the first quarter ended up 2.5%. Toyota reinforced its dominium on market as Kia collapsed.
Following the double digit decline posted in the previous month, in March the South Korean car market lost only the 1.2%. The first quarter ended down by 2.7% from last year. Among domestic producer SsangYong gained space.
Following the 2012 9% decline, the car market in Israel started this year with the first quarter down 2.3% from last year, due to a double digit March loss. Nissan and Renault had been the quarter winners, gaining a total of 2 points of share.
Surprising many observers, Indian car market recently started to fall down, month after month, with March 2013, traditionally strong for ending of Indian fiscal year, posting a double digit drop. The year will remain challenging, in spite of new models arrival.
In Kuwait the car market is booming as in all the Arabic Gulf area. Following records posted in 2010 and 2011, the 2012 phenomenal growth was 35.4%, pushing the market up in the world's ranking, landing in 46th place.
The Japanese light passenger vehicles market in March fell 11.3% from last year, with first quarter sales down 8.4%, with a drop heavier than expected. Mercedes and BMW soared respectively at 1.0% and 0.9% of market share.
Following the all-time record posted in the 2012, when Oman car market surged in a respectable 36th world's place, the 2013 started with a strong January performance, with sales up 29.6% from last year. Strong start for Toyota, at 54% market share.
The automotive sector in Sri Lanka is living a huge depression, following the 2009-2011 phenomenal boom, sharply killed in March 2012. Indeed, the government aiming to make more cash from vehicles importation duties, suddenly improved tariffs, killing the market and losing cash.
Posting the 4th year-on-year decline in a row, India car market in March dropped 13.5% from last year, with the first quarter sales down 12.0%. Toyota and Honda improved sales and share, while Tata confirmed the deep crisis.
Saudi Arabia car market kept its magic moment and in January increased sales by 17.5% from last year, starting a year where sales volume would exceed the 800.000 units. For the first time ever, Saudi Arab joined the exclusive club of Top 20 car markets.
United Arab Emirates car market hit the best January ever, growing 26.7% from last year, keeping the pace from previous tremendous growing trend. In January, Mitsubishi posted an outstanding performance with share increased at 8.3%.
In February the light passenger's Chinese market declined only 8.6%, with cumulate sales at February up by an impressive 16%. Volkswagen hit new record share, at 17.1%, pushed by Lavida leadership on models ranking plus others 5 models in Top 10.
The Thailand's car market continues its run and in February posted a 43.6% increase, the slowest increase in the last months. Cumulate sales at February were up 53.4%. Honda celebrates a great momentum advancing in second place.
Following the strong sales increase posted during the 2012, the Philippines car market posted an outstanding start of the year, with sales increased by 36.0% in the first two months of the year. Honda and Nissan started the year with huge sales increase.
In February 2013, the car market in South Korea posted a double digit decline, more than offsetting the good start scored in January. YTD sales were down 3.6%. BMW and Audi started the year with considerable share increase leading Importers attack at Koreans dominion.
In 2010 Government announced a new policy for car sector, aiming to renovate the car park, one of the oldest in the world in common with Cuba, with incentives to renew the park. However, they operated like dabbler remaining the Asian dustbin for Japanese cars.
In January, the car market in Taiwan improved 4.9% from last year, an unconfortable data in view of Chinese new year starting in February while in 2012 was in January. Remarkable the Nissan performance, with share improved 3.3 points from December.
Japanese light passenger vehicles market surprised again, posting in February a light 6.1% decline from last year, with cumulate sales down 6.0%. Nissan confirmed its momentum and ranked second, with two points of share above last year.
January 2013 took benefit again from the government strong incentives to the first car purchase and Thailand's car market advanced 65% from last year. Honda continued to gain market share while Toyota was stable just above 30%.
Pushed by strong economic factors and growing immigration, Oman car market in 2012 posted new all-time record, outpacing the 200.000 units for the first time, rising 21.4% from the previous year. Toyota dominates the market with share above 50%.
Hit by increasing fuel price and high interest rate, the Indian car market dropped 17.3% in February 2013 with year-to date performance down 11.2% from last year. Maruti confirmed its momentum and Renault grew with Duster in 11th place.