Washington.
For the first time in history, the brands of automobiles of China sold in 2023 more vehicles globally than their counterparts in USAaccording 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 amount to 13.4 million of vehicles last year’s sales of Chinese brands, compared to 11.9 million of the Americans. Ahead of these two countries were the brands of Japan with 23.59 million of 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 in 2023 is impressive especially in the face of 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.
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 Americathe increase rose 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.
Overall, sales in emerging economies they came to 17.5 million of 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 Brazilwith 2.12 million, and Iran, with 1.43 million. In Mexicosales totaled 1.3 million automobiles.
