Topic Reading-Vol.2659-7/23/2019
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Topic Reading-Vol.2659-7/23/2019
0422-27-5366
〒180-0006 東京都武蔵野市中町2-3-5 IIHA武蔵野1階
電話受付/月〜金 9:00-18:00
Topic Reading-Vol.2659-7/23/2019
Dear MEL Topic Readers,
The global auto industry has the worst kind of problems
Last year, Global car and light commercial vehicle sales in 2018 contracted by 0.5% to 86 million vehicles. Car sales increased by double digits in Brazil and Russia, and by 5% in India, were flat in Europe, Japan, and the USA. However, China, the world largest automotive market, contracted for the first time in two decades.
Through the year, the Volkswagen Group, Renault-Nissan Group, Toyota each sold over 10 million new vehicles.
By country, 28 mil new cars were sold in China, 17 million in the USA, 5 million in Japan, and nearly 4 million in India respectively.
2018 marked a record year for the sale of battery-powered electric vehicles. Passenger electric cars recorded 1.26 million sales throughout the year, up by a huge 74%. China lead the market with 769,000 new electric car sales, followed by USA’s 209,000. Surprisingly, with its eco-drive policy, Norway was ranked third with 46,000 clean car sales.
As for the electric car brand, Tesla, BAIC, and BYD are the three leading brands. Only Nissan was listed among the top five e-car brands as a traditional car manufacturer.
This year, overall car sales are predicted to fall 4% to below the 80 million mark, the biggest hit since the financial crisis of 2008. Besides the trade war and economic slowdown, the century-old auto industry is struggling with life-threatening structural and technological changes.
Enjoy reading the article and learn about the challenges the leading industry is facing.
https://edition.cnn.com/2019/07/12/business/auto-industry-electric-cars/index.html
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