Global new vehicle sales growth slows

"Nihon Keizai Shimbun" reported that the growth rate of new vehicle sales slowed in the first half of the world, and that the sales growth rate of emerging countries such as China and India declined significantly. In the first half of this year, new car sales in China, Brazil, Russia, India, and other BRIC countries totaled 13.99 million units, a year-on-year increase of 9%, and the growth rate slowed compared to the increase of 37% in the first half of 2010.

In the first half of this year, the sales volume of new cars in China was 9.325 million, which significantly surpassed the second largest in the United States and continued to lead the global new car sales market, but the growth rate was only 3%, and the growth rate dropped significantly compared with the 48% increase in the first half of 2010. The main reason is that the rise in oil prices and the cancellation of purchase tax policies have affected consumers’ desire to purchase. The industry agencies reduced the annual growth rate of new vehicle sales in China from 10% to 5%; India sold 1.692 million new vehicles in the first half of the year, an increase of 15%, which was more than half of the 39% increase in the first half of 2010. The main reason is that the Indian government raised interest rates, interest on car loans increased, consumers reduced the purchase of new cars, and industry organizations lowered the expected growth rate of new car sales in India. On the other hand, the sales volume of new cars in Brazil was 1.737 million, an increase of 10%, and the sales volume of new cars in Russia was 1.235 million, an increase of 56%, which was a substantial increase over the same period of last year. Russian-Israeli resources have been exported, the economy has been accelerated, and the old-for-new-subsidy policy has been implemented. Consumer demand for new cars has increased. Industry agencies raised the expected growth rate of new car sales in the two countries. However, Russia plans to cancel the subsidy policy and the sales growth of low-priced cars will fall.

The United States sold 6.333 million new cars in the first half of this year, an increase of 13%. Affected by high oil prices and the Great East Japan Earthquake, sales from May to June decreased. According to relevant sources, it will gradually recover in the second half of the year. However, due to the high unemployment rate and the European debt crisis, the economic outlook is not clear; in the first half of Europe, the sales of cars in the first half of the year were 6.97 million vehicles, a decrease of 2%. The faster economic growth in Germany increased by 11%, Sweden and the Netherlands increased by 1-2%, Greece decreased by 40%, Portugal by 20%, and Spain by 30%. Affected by the financial crisis, the consumption of southern European countries was sluggish. In the European region, the difference between South and North Europe "obvious.

Affected by the financial crisis, the global sales of new cars dropped to 64 million in 2009 and 72 million in 2010. In particular, more than half of the emerging markets in the BRIC countries have sales. This year, the sales volume of new cars is expected to reach 85 million, but the slowdown in sales growth in emerging countries is not optimistic.