Copyright FOURIN, Inc. 2023
Asia’s Automobile Market Increased in 2021 After Four Years of Decline
Automobile sales in Asia (covers 16 countries and regions*) in 2021 increased 5.1% from the previous year to 40,203,498 units. Although sales fell below Asia’s peak level of over 44 million units, achieved in 2017 and 2018, it was the first time in four years that the market saw an increase in demand.
In China, the world’s largest automobile market, sales increased 3.8% to 26.3 million units. India saw the largest rise, going up 28.0% to 3.8 million units while sales in ASEAN went up 13.3% to 2.9 million units. In contrast, sales in Japan dropped 3.3% to 4.4 million units.
Looking at the top three automakers, Toyota Group increased 7.6% to 5.5 million units while VW Group dropped 18.3% to 3.1 million units and GM Group declined 3.4% to 3.3 million units.*ASEAN (Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam), Azerbaijan, China, India, Japan, Kazakhstan, Pakistan, South Korea, Taiwan, Uzbekistan.