World car market in November increased by 5%
OREANDA-NEWS. World car market in November grew by 4.9% to 7 million 571 thousand passenger cars and light commercial vehicles, and purified from the seasonality annual sales, calculated from the results of last month, reached a record of 94 million 069 thousand vehicles. For the eleven months of 2015 sales of cars in the world grew by 1.6% to 80 million 559 thousand units, according to the data of consulting company LMC Automotive.
World leadership by sales of cars is kept by China, where in November it was sold 2 million 412 thousand passenger cars (+ 15.1%). The increase in demand is provided with the double reduction of tax on the purchase of new cars with an engine capacity up to 1.6 liters, the share of which in the last month has continued to grow and it reached 70.9%. The second-largest auto market in the world is America with an index of 1 million 317 thousand passenger cars, which is more by 1.4% compared to the last year. In Western Europe, the growth in car sales returned to double digits – the last month it was 12.7% up to 1 million 173 thousand cars. But the automobile markets of Eastern Europe continues continue to fall - at the end of November by 20.6% to 330.2 thousand passenger cars. Traditionally, the worst result was at the expense of Russia, while in other countries of the region car sales were quite stable. In South America, local dealers sold 237 thousand vehicles, which is less by 25.2% than in November of the last year. Among the world's major car markets we should also mention Japan (380.6 thousand units, -6.4%), Canada (145.4 thousand units, + 4.7%) and Korea (162.2 thousand units, + 14.9%).
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