Australia’s Automobile Sales Results in 2023

2024-07-19 New!

Automobile sales in Australia in 2023 increased by 12.5% from the previous year to 1,216,780 units, setting a record high. Although higher prices and rising loan interest rates were negative factors, the market expanded on the back of increased supply of products as the semiconductor shortage eased. The market continued to expand in the January-March period of 2024, with vehicle sales expanding double digits to 304,452 units, an increase of 13.2% year-on-year. There is a possibility that sales for the full year will exceed the previous year's results andRead more...

Sales Performance of Former FCA Brands in the Japanese Market in 2023

2024-07-18 New!

This report summarizes the recent trends of Stellantis’ brands (Fiat / Abarth / Alfa Romeo / Jeep) that formerly belonged to FCA in the Japanese market. Sales volume has been around 20,000 units per year, of which the Jeep Wrangler and the Fiat 500 made up about half. In 2023, total sales decreased by 2.1% from the previous year to 19,497 units. The four brands’ share of foreign brand cars decreased by 0.3 percentage points to 7.9%, due to a decline in sales of the Fiat 500 as it’s reaching the end of its model year. Fiat announced that it would end proRead more...

South Korea’s Automobile Sales by Segment in 2023

2024-07-11

The South Korean automobile market (total sales volume of KAMA [Korea Automobile Manufacturers Association] and KAIDA [Korea Automobile Importers & Distributors Association] members) increased 3.1% from the previous year to 1,726,907 units in 2023. Although sales of passenger cars declined for the third consecutive year, sales of SUVs hit a record high for the second year in a row. In the SUV segment, small SUVs continued to be the driving force for the second consecutive year. title : South Korea’s Automobile Sales by Segment in 2023 Graoh: SRead more...

Indonesia’s Automobile Sales by Segment in 2023

2024-07-10

Indonesia’s automobile market in 2023 decreased 4.0% year-on-year to 1,005,802 units. Both passenger and commercial vehicles declined, but the decrease was greater for commercial vehicles. Passenger cars decreased by 0.6%, SUVs dropped by 0.2%, and MPVs, which account for nearly 40% of the market, fell by 1.1%. The proportion of SUVs was 17.4% in 2018 but expanded to 24.4% by 2023. Passenger cars were down 0.6% to 130,270 units. Of these, the largest B segment declined 3.4% to 71,987 units, the only segment that saw a decrease. SUVs fell 0.2% to 245,481Read more...

Thailand’s Automobile Sales by Segment in 2023

2024-07-03

Thailand’s automobile sales decreased by 5.3% from the previous year to 798,540 units in 2023, falling below 800,000 units for the first time in two years. The reasons behind the drop were the economic downturn and stricter loan screening for sales financing. In Thailand, one-ton pickup trucks, which receive preferential excise tax treatment, are the most popular choice of vehicle. Until 2022, one-ton pickup trucks accounted for more than 40% of the total vehicle market, with the remainder divided between passenger cars, and SUVs and MPVs. However, in 20Read more...

Vietnam’s Automobile Sales by Segment in 2023

2024-07-02

Vietnam’s vehicle sales decreased 18.1% year-on-year to 378,682 units in 2023 (combined vehicle sales data of VAMA members and two non-members Hyundai Motor’s local subsidiary Hyundai Thanh Cong Vietnam (HTCV) and local automaker VinFast). Stricter car loan screenings are behind the market decline. Looking at the market composition, SUVs accounted for the largest share at 34.0%, an increase of 15.8 points compared to 2018, followed by passenger cars at 21.9%, a decrease of 23.7 points. The reason for this trend is that automakers are expanding their SUV Read more...

Taiwan’s Automobile Sales by Segment in 2023

2024-06-27

Taiwan’s automobile market reached a high level of 477,021 units in 2023, an 11.0% increase from the previous year, as the shortage of imported vehicles eased. Passenger cars decreased by 2.4% to 90,455 units, but SUVs increased by 15.2% to 171,807 units, and premium brand models went up by 19.0% to 114,312 units, achieving new record highs which pushed up the market. While the market was expanding, passenger car sales declined for the ninth consecutive year. The B segment, the second largest segment in the passenger car category, dropped 14.7% to 29,49Read more...

The Philippines’ Automobile Sales by Segment in 2023

2024-06-25

Automobile sales in the Philippines increased by 20.8% from the previous year to 441,241 units in 2023. Regarding the total sales for the top seven brands (Toyota, Suzuki, Mitsubishi, Honda, Nissan, Ford, Isuzu), passenger cars increased by nearly 30%, SUVs and MPVs each rose by around 25%, and commercial vehicles went up by around 10%. Passenger cars are very popular in the Philippines, and although SUVs outsold passenger cars for the second consecutive year, the difference in sales between the two body types was around 10,000 units. The growth of the lRead more...

India’s Automobile Sales by Segment in 2023

2024-06-19

In 2023, the Indian automobile market (total sales volume of SIAM [Society of Indian Automobile Manufacturers] members and major premium brands that are not SIAM members) reached a record high of 5,119,776 units, up 7.6% from the previous year, surpassing the 5 million unit-level for the first time. The economy was booming in 2023, with a full-year GDP growth rate of 6.3%, promoting consumption. The increase was around 362,000 units, SUVs accounting for all of that. The market composition ratio of SUVs, which continue to grow in the Indian market, was arRead more...

Indonesia’s Sales Results of Motorcycles in 2023

2024-06-18

In 2023, Indonesia’s motorcycle sales increased by 19.4% year-on-year to 6,236,992 units. Sales continued to decline year-on-year for seven consecutive months from September 2023 to March 2024, but the Ramadan season, when consumption increases, started earlier than last year, resulting in an 18.3% increase in April compared to last year. In Indonesia, when commodity prices such as those of palm oil and coal, which are major export items, rise, the current account balance becomes surplus and the domestic economy gains strength, so demand for motorcyclesRead more...

Malaysia’s Automobile Sales by Segment in 2023

2024-06-14

The Malaysian automobile market in 2022 hit a record high of nearly 800,000 units up 11.0% year-on-year. The market expansion was driven by low interest rates and strong economic performance throughout the year. The top seven brands (Perodua, Proton, Toyota, Honda, Mitsubishi, Mazda, Isuzu), which accounted for 90.7% of the market sold 725,284 units. Passenger car sales increased 12.6% to 424,130 units. Employment as well as GDP per capita rose from 2021 to 2023, resulting in rising demand for relatively inexpensive passenger cars. UV sales went up 8.8%Read more...

EV Diffusion in Major Markets Around the World in 2023

2024-06-12

A comparison of the PEV (PHEV + BEV) penetration status in 2023 in major markets around the world in terms of both EV chargers and new PEV passenger vehicle sales reveals that Scandinavian countries such as Norway and Iceland have a high diffusion rate relative to the population. Meanwhile, in terms of the number of EV chargers per 1,000 people, South Korea ranked high at 4th place with 3.89. The number of PEVs sold per 1,000 people is 2.37 (21st in the world), and the ratio of PEVs to passenger vehicle sales remains at 8.1% (24th in the world), indicatRead more...

BYD: Strong Automobile Sales Led to Increased Revenue and Profits in 2023

2024-06-06

BYD, a major Chinese electric vehicle manufacturer, is seeing its profits grow as its vehicle sales increase. BYD's automotive-related business recorded sales of 483.5 billion CNY in 2023, up 48.9% from the previous year. The proportion of this figure to total sales is 80.3%, up 3.7 points from 76.6% in 2022. Looking at sales by market (including non-automotive businesses), the Chinese market increased 32.9% year-on-year to 442.1 billion CNY. Due to the expansion of electric vehicle sales in overseas markets, the proportion of the Chinese market in totalRead more...

China’s EV Battery Charging / Swapping Infrastructure As of 2024

2024-06-05

As NEV ownership increases in China (20.41 million units at the end of 2023), the country’s charging infrastructure is also expanding. According to the EV Charging Infrastructure Promotion Alliance (EVCIPA), as of the end of April 2024, the number of chargers, both public and residential ones, stood at 9.6 million. Looking at recent trends, there has been an increase in home chargers which simplify the installation procedure. Several OEMs, including NIO, Xpeng, and VW through its subsidiary CAMS, are installing public chargers for general use. However, Read more...

Suzuki Motor’s Sales and Export Results Reached Historic High Level in India in 2023

2024-05-30

Suzuki Motor’s automobile sales, production, and exports in India in FY 2023 reached record highs. Results were driven by utility vehicles (SUVs, MPVs, etc.) whose product lineup is expanding. Three new models were released in FY 2023, the Fronx, Jimny, and Invicto. Automobile sales in FY 2023 were 1,793,644 units, an increase of 9.0% from the previous year, of which passenger cars accounted for 980,446 units, a decrease of 11.6%, and utility units for 642,296 units, an increase of 75.4%. Utility vehicles made up for the decline in passenger car sales, Read more...

Asia’s Export and Import Results of Motor Vehicles and Parts in 2023

2024-05-27

This report covers the export and import results of motor vehicles and related parts (classified under HS Code 87) of eight Asian countries (India, Indonesia, Malaysia, Philippines, South Korea, Taiwan, Thailand, Vietnam) in 2023. The total export value of motor vehicles and parts of India, Malaysia, the Philippines, and Taiwan declined, while that of Thailand, Indonesia, Vietnam, and South Korea increased. Meanwhile, the import value exceeded the previous year’s level in seven countries except Vietnam. The easing of restrictions on automobile productionRead more...

Considering the Synergies of the Honda-Nissan Business Alliance Concept in Asia

2024-05-23

On March 15, 2024, two Japanese automakers Honda Motor and Nissan Motor announced that they have signed a memorandum of understanding to conduct specific discussions toward forming a strategic partnership regarding the electrification and intelligence of automobiles. At the press conference held on the same day, two specific areas of collaboration were raised in-vehicle software platforms, and mutual complementarity between BEV core components and products, but the two companies also expressed the possibility of collaboration in a wide range of other areRead more...

South Korea’s Export Results of Automobiles in 2023

2024-05-20

South Korea's automobile exports (CBUs only) increased by 20.3% from the previous year to 2,766,271 units in 2023. Overall sales were boosted by orders from developed countries such as North America and Europe, which are the largest export destinations, and which had built up a backlog of orders. In terms of export value, exports increased by 31.5% year on year to 64.6 billion USD, setting a record high for the third consecutive year. Passenger vehicle exports increased 20.5% to 2,672,220 units, while commercial vehicles rose 13.9% to 94,051 units. WithRead more...

Indonesia’s Export Results of Automobiles in 2023

2024-05-16

Indonesia's automobile exports increased by 6.7% from the previous year to 505,134 units in 2023. Exports to the Philippines, Indonesia’s largest export destination, increased by over 20% year-on-year, and exports to Mexico nearly doubled, setting a record high for the second consecutive year. Although Toyota, the largest exporter, decreased slightly, Honda and others increased exports significantly. Looking at exports by destination, exports to Asia increased slightly by 0.9% from the previous year to 272,969 units. Exports to the Philippines increasedRead more...

Thailand’s Automobile Export Results in 2023

2024-05-10

Thailand’s automobile export volume in 2023 increased by 11.7% from the previous year to 1,117,539 units. Solid growth in one-ton pickup truck and PPV exports and rising exports to Oceania and the Middle East contributed to the increase. Export volume remained at the 1-million-unit level, the same level as before the coronavirus outbreak, for the second time in a row. Looking at exports by vehicle body type, passenger cars increased by 16.8% year-on-year to 330,745 units, and one-ton pickup trucks and PPVs rose by 9.7% to 786,794 units. According to theRead more...

India’s Automobile Export Results in 2023

2024-05-08

Automobile exports from India (CBUs only) increased by 4.2% from the previous year to 756,207 units in 2023, showing a recovery trend for the third consecutive year. Exports of passenger vehicles went up by 5.2% to 678,071 units driven by the exportation of new models and an increase in utility vehicle (SUVs, MPVs etc.) exports. In contrast, commercial vehicle exports declined by 3.5% to 78,136 units. In 2023, the ratio of exports to automobile production fell by 0.4 points to 13.0%. Looking at the top three exporters, Maruti Suzuki maintained its lead Read more...

Taiwan’s Automobile Production and Exports Results in 2023

2024-04-26

Taiwan’s automobile production in 2023 increased by 8.5% from the previous year to 283,531 units. Production for the domestic market rose 7.5% from the previous year, while exports went up 15.1%. Although production has not exceeded the 300,000-unit level since 2017 due to a decline in exports, it was the highest since 2017. In addition to the Toyota brand, production was particularly driven by the MG brand, whose local manufacturing began in September 2022.</p> Automobile exports increased by 15.1% from the previous year to 42,120 units. Toyota accountRead more...

South Korea’s Automobile Production Results in 2023

2024-04-23

South Korea's automobile production volume in 2023 increased by 13.0% from the previous year to 4,243,597 units following the normalization of automotive semiconductor and other parts supply. Production exceeded the 4 million level for the first time in five years since 2018. Hyundai and GM Korea both increased sales by more than 200,000 units from the previous year. In addition, vehicle exports increased significantly by 20.3% to nearly 2.8 million units, accounting for approximately 65% of all production. The production of passenger vehicles increaseRead more...

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