Washington (EFE).- For the first time in history, Chinese automobile brands sold more vehicles worldwide in 2023 than their counterparts in the United States, according to a study that also found that Japanese companies continue to dominate the sector.
The figures from the report carried out by the American firm Jato Dynamics put the sales of Chinese brands at 13.4 million vehicles last year, compared to 11.9 million for American brands. Ahead of these two countries were the brands from Japan with 23.59 million sales.
Worldwide, 78.32 million new vehicles were sold in 2023, 10% more than the previous year.
29.1% of these sales were from Japanese brands, 24.9% from European, 17.9% from China, 15.2% from the United States and 8.5% from South Korea.
Jato Dynamics analyst Felipe Muñoz stated in a statement that “the growth of 2023 is impressive, especially given the geopolitical tensions between China and the United States, the instability generated by conflicts in Europe, the high interest rates that persisted in most of the Western world and the high prices of vehicles.”
This was the distribution of sales
The region with the most growth compared to 2022 was Europe, with a 16% increase in sales thanks to the explosion in demand in Turkey, which is already the fourth market on the continent.
In the United States-Canada and Japan-South Korea, the increase in demand was similar, around 12%, while in China the figure remained at 6%. In Latin America, the increase amounted to 9%.
Another fact that the report highlighted is that 22% of new vehicle sales in 2023, a fifth of the total, occurred in emerging markets.
Together, sales in emerging economies reached 17.5 million vehicles, more than in the United States or Europe.
India has become the fourth largest individual market in the world, with the sale of 4.19 million units in 2023. Immediately behind were Brazil, with 2.12 million, and Iran, with 1.43 million. In Mexico, sales totaled 1.3 million cars.
