World automotive industry shines in Q1 2014 growing 4.5% from year ago. March was the thirteen year-on-year growth in a string with 21.6 million sold, almost 1 million more than in 2013. Full Year will be a new all-time record. See the Top 5o Markets ranking an exclusive report.
Chinese car market grew 6.9% in March and 8.5% in the quarter. Actually any day, each one car bought worldwide is chosen by a Chinese. Following a flat start of the year, in March
USA market was finally up growing 5.8% from last. However this market has lost the speed shown in the previous three years and it is projected up only 4/5% this year.
Pushed up by expectations for increased taxation at new fiscal year start, in April, the Japanese market was impressive in Q1 boosting sales 22.4%. However, now the market could be down for the rest of the year.
India was fourth with 796.000 quarterly sales despite losing volume from last year outpacing Brazil which fell 14% in March. However, while the South American market is expected to recovery, India perspectives are almost negative for the rest of current year.
After 19th months of consecutive year-on-year increase, the UK car market rose in World’s sixth place becoming the first European market doing better than Germany and Russia, with Q1 sales at 768K, just 6K below Brazil.
South Korea grew 5.9% in the quarter and was 11th (12th in March) outpacing Canada which is almost stable from last year, when market hit the all-time record.
The new ASEAN region leader, Indonesia, was at the highest rank ever, in 13th place with 292.000 quarterly sales, just ahead of Australia, Mexico and Spain.
Behind two falling butterflies, Thailand, that posted the deepest lost out of Top 50 Markets, losing 46% of previous year volume, and Argentina, which entered in a quite delicate financial situation, In March the market fell 35%, the worse year on year performance in 8 years.
In the interactive tables below you can sort thru among the best markets of World automotive industry:
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