2014 World Car Market grew 5% in February. Korea in top ten for the first time.

2014 World Car Market

2014 World Car Market started very well and in February maintained its pace with 6.4 million units retailed with 5.5% increase from last year with cumulate sales at 13.3 million up 4%. Preliminary data on March 2014 report a 8.4 million market, up 4%.

Asia

China increase 13.4%, recovering from the “only” 7% posted in January and maintaining a double-digit increase trend that project the year not for from the 25 million. Japan improved 18% pushed by anticipated demand before the April increase of taxation, while India was down again and South Korea posted a robust double-digit increase and outpaced Canada entering the Top 10 Ranking, first time ever.

The country of the records, Thailand, after having hit all records growing, now keeps hitting record down and in February has lost 46% from the previous year.

 America

USA market was flat from last year hit by a persistent bad weather. Canada and Mexico were substantially flat. Brazil posted a not expected robust increase but the outlook remains negative for this year. Meantime, in Argentina the economic environment is worsening and the market has broken the growing trend with growing risks for a sharp and sudden fail in the near future. Chile was the third South American market ranks in World’s 30th position.

Europe

United Kingdom falls in 14th place just for the low seasonality of February. In general, all markets are growing excluding Russia and Turkey, that losing 27% has fallen out of Top 25 Countries. Growing over 33%, Poland jumped in 26th place, the best ranking ever.

In the Interactive table below you can sort thru the Top 50 World’s market. Please consider that for few of them data are preliminary and subject to updates:

[table “143” not found /]

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