The global car market grew by 4.2% to 7 million 638 thousand passenger cars and light commercial vehicles in May
OREANDA-NEWS. The global car market grew by 4.2% to 7 million 638 thousand passenger cars and light commercial vehicles in May, and the purified from the seasonality of annual sales, calculated from the results of the last month, was 92 million 174 thousand vehicles. For the first five months of 2016 the sales of cars in the world grew by 3.2% to 37 million 940 thousand units, according to the data of consultancy LMC Automotive.
The world leadership by sales of cars is kept by China, where in May it was sold 2 million 107 thousand cars (+ 9.3%) were sold in May. The world's second largest auto market is America with the index of 1 million 535 thousand cars, which is less by 5.9% compared to the last year. The sales of cars in Western Europe continue to grow – by 14% in the last month up to 1 million 363 thousand cars. Car markets of Eastern Europe seem to have reached the "bottom" and by the results of May for the first time in many months they showed an increase - by 4.1% up to 331.1 thousand cars.
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