World’s Top25 Car Markets rose 6% in October 2012. Thailand in Top 10!

The world’s light passenger vehicles market growing path is robust as confirmed by October sales volumes in the Top 25 Countries at 5.8 million, up 6.8% from last year. Year-to-date sales were 59.35 million.

This group of countries is really representative of the total world’s car market. Focus2move estimated volumes for October were 6.5 million units, up 6.5% and the year-to-date October estimated sales were 66.3 million, up 6.3%. Full year volume is projected at 79.5 million, 1 million above main analyst estimates and 4 million above the 2011 all-time record.

This data could surprise some of our readers and should generate many though for those seat in the “old Europe”. The world is not in an economic crisis and the car market is robust and full of unexploited opportunities, while rich countries, historically able to dominate the global markets thanks to the advantages of capitalism and advanced knowledge, are now struggling under the attack of a new generation of people, living wherever in the world and able to revolutionize the ancient economic regime thanks to the new technologies.

Looking at the Top 25 market performance, the clamorous exploit of the Thailand market represents the most remarkable fact of this year and October stressed it also thanks to a year-on-year comparison with the weak October 2011, when the country was devastated by a flood.

Focus2move covers with specific monthly report each country. Wishing to have more information about them, you can just click over the country name.

Let start from the fastest growing market, before to write over the biggest markets!

Thailand posted in October 142.839 sales, up 196% from last year, confirming the world’s 10th position gained in September. Year-to date sales were 1.139.228, up 63.3%, the world’s 13th. The domestic market has kept the position gained by the country as car producer since the 2010. This year production will be 2.35 million, new record.

China was growing again after that the riots and protests against Japan and Japanese products penalized the previous month volume. In October, Japanese brands sales collapsed again, but the others, Volkswagen overall, were able to match the surging demand. October was up 5.4% and year-to-date the market grew 3.6%, the slowest increase in more than 10 years.

USA market continued its momentum with a 7.4% increase. The market was shocked by Suzuki announcement to stop local operations after 27 years.

Japan was down 3.5%, performing absolutely better than expected after the end of car market subsidies in traduced in January which pushed the year-to-date sales up 36%.

Brazil boomed 23.9% in October while the automotive legislation is almost confused and a tough negotiation is in place among the government and the car makers lobby.

Germany was year-on-year flat, after the double digit decline posted in the previous month. The risk is a next month’s decline as Germany GNP is declining as export activity towards the rest of Europe is dropping.

Russia posted the 31th consecutive year-on-year increase in a string, in spite the pace was reduced at 5.4%. Year-to-date sales were up 13.0%.

India boomed 32.7% after a third quarter increase of only 3.4% when strikes and riots at the biggest Maruti plant limited the supply. The most beautiful growing story is written by Renault in India, with a phenomenal sales boost after the launch of the Duster, locally produced, a new star in the market.

France lost 8.1% from last year while next future perspectives are really negative as the country is not taking adequate economic measurement to match the 2013 deficit/GDP commitment taken with the European Community and the rating agencies have declassified the country.

United Kingdom was the best country in Europe with sales increased 9.5% in October and 3.6% year-to-date, in spite the country is in recession since three quarters.

South Korea was finally up in October breaking a series on negative year-on-year months. However, year-to-date was down 6.1% and the 2012 will be the first negative year in the last 15th.

Canada was 12th posting an 8% increase; while year-to-date it was 10th with 1.42 million sales, up 6.9% from last year.

Italy was 13th with a market decline limited at 12.4%, while the year-to-date sales were down 20.6%. However, the SAAR indicator was showing the market stable at 1.4 million yearly level. The market would interrupt the decline in the next three months, after the deeper crisis of its history.

Indonesia was the world’s 14th, confirming the highest ranking ever achieved. In October sales were up 36% and year-to-date they were up 22.8%.

Australia was 15th with 95.584 sales, up 12.2% and the market is running towards the all-time record, with a year-to-date 8.8% increase.

Mexico grew 9.8% maintaining the growing pace and the world’s 16th place.

Behind 6 countries are declining with Iran (data are estimated) hit as the group of Europeans (Spain, Belgium and the Netherland) by country economic recession.

Argentina and Turkey were negative in the month as in the rest of the year after years of booming and will start growing again in short.

Finally, Saudi Arab, South Africa and Malaysia are growing and represent very fast growing market with strong growing potential for the next years.

In the table below, the world’ Top 25 exclusive report, with countries ranked by last month position:

Rank Oct

Rank Sep

Rank Ytd

Country

Oct

Ytd Oct

Q1

Q2

Q3

Oct

Ytd Oct

1

1

1

China

1.584.695

15.465.620

-2,9%

9,3%

4,5%

5,4%

3,6%

2

2

2

USA

1.092.294

11.988.116

13,3%

16,3%

14,0%

7,4%

13,9%

3

3

3

Japan

358.419

4.589.137

47,6%

65,5%

18,2%

-3,5%

36,1%

4

5

4

Brazil

326.917

2.994.260

-0,6%

0,0%

16,3%

23,9%

7,3%

5

6

5

Germany

279.258

2.799.877

1,3%

0,1%

-7,0%

0,2%

-1,7%

6

7

6

Russia

253.732

2.435.777

18,6%

11,7%

12,9%

5,4%

13,0%

7

9

7

India

235.813

2.257.781

14,8%

9,3%

3,4%

32,7%

11,6%

9

8

8

France

197.213

1.914.079

-19,4%

-6,6%

-11,8%

-8,1%

-12,4%

8

4

9

United Kingdom

169.046

1.976.722

-0,9%

3,8%

6,8%

9,5%

3,6%

10

10

13

Thailand

142.839

1.139.228

34,5%

58,4%

65,7%

196%

63,3%

11

11

12

South Korea

136.124

1.252.755

-6,6%

-3,4%

-12,4%

6,7%

-6,1%

12

12

10

Canada

135.696

1.442.303

8,4%

6,3%

5,9%

8,0%

6,9%

13

13

11

Italy

127.875

1.305.509

-22,1%

-19,9%

-22,6%

-12,4%

-20,6%

14

14

15

Indonesia

102.512

798.121

10,4%

47,6%

9,7%

36,6%

22,8%

15

15

14

Australia

95.584

911.319

4,6%

14,2%

6,6%

12,2%

8,8%

16

16

16

Mexico

83.171

785.071

10,8%

13,1%

9,8%

9,8%

11,0%

17

17

17

Iran (est)

77.582

771.148

-18,7%

-17,0%

-17,0%

-17,0%

-17,5%

18

18

18

Argentina

66.780

711.432

6,5%

-7,1%

-13,2%

-3,3%

-4,5%

19

19

21

Turkey

59.936

587.400

-27,1%

-14,4%

5,0%

-13,5%

-12,5%

21

21

20

Saudi Arab

59.326

579.516

10,5%

19,5%

19,9%

14,0%

16,3%

20

23

23

South Africa

55.303

505.473

9,1%

11,7%

9,7%

11,0%

10,2%

22

25

25

Malaysia

52.872

497.724

-13,3%

19,8%

1,7%

1,9%

2,0%

23

20

19

Spain

51.210

665.395

-4,3%

-15,4%

-18,8%

-21,9%

-13,4%

25

24

24

Belgium

44.937

474.368

-12,4%

-13,0%

-10,9%

-4,7%

-11,6%

24

22

22

Nederland

31.265

506.988

-6,6%

10,1%

-21,5%

-36,3%

-8,1%

To be updated over this and other global countries, please subscribe to our free newsletter. Just click here.

Would you need our help, data or consulting over this country or subject, please mail at info@focus2move.com.

(95)

In the spotlight

Brazil Outlook 2017. Recession is not over

Brazil Automotive Industry outlook in the 2017 is not yet positive albeit the prolonged crisis. Indeed economic perspective are still negative and the sector has not yet bottomed out. Market recovery from 2018