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The list of the 10 largest auto markets in the world in 2022 shows how small the Vietnamese car market is

The Covid-19 pandemic, global scarcity of semiconductor components and the trend of electrification make 2021 the most unpredictable automotive market period in history. Total global auto sales increased 5% from 2020, to 82.1 million units. However, the above figure is far behind the 89.6 million car mark in the past Covid-19At the same time, the list of the 10 largest auto markets in the world has had certain disturbances.

At the top is still China. People here buy 26.3 million cars in 2021, an increase of 4% compared to 2020 and 6% compared to 2019. The strong hand in epidemic control, effective production system, and support strategies Electric vehicles help this country continue to maintain its No. 1 position.

The list of 10 largest auto markets in the world in 2022 shows how small the Vietnamese car market is - Photo 1.

In the opposite direction, the US has a year 2021 that is not really satisfactory. Although it has recovered a bit in sales with 15 million vehicles sold (up 4% compared to 2020), it is unclear when the country’s market will return to the threshold of 17 million vehicles/year as in 2019. Plus However, the country’s users have not yet converted to electric vehicles much as this segment accounts for only 3% of vehicle sales compared to 11% in China and 10% in Europe.

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When it comes to Europe, the region may be rapidly transitioning to mass-market electric vehicles, but the car industry as a whole is a sales disaster. In just 2 years from 2019 to 2021, new car sales here decreased by 25%, equivalent to 4.04 million vehicles, widening the gap between them in 3rd place and the 2nd US from 1.15 million vehicles. to 3.2 million vehicles in the same period.

The decline of the European car market is a consequence of the fact that most countries in the region have had a deep decline in car sales. Italy – the country that was in the top 10 largest car markets in the world (2019 and ranked 9th) has now dropped to 12th position. Germany, the UK and Spain also witnessed a decrease in car sales from 22 to 31 %, but at least the first two names are still in the top 10 at positions 5 and 7, respectively, interspersed by France.

The list of the 10 largest auto markets in the world in 2022 shows how small the Vietnamese car market is - Photo 3.

The most volatile markets from pre-COVID-19 to present.

In the 3rd place globally in terms of vehicle sales is Japan, the region is also recovering at a slow pace from 2019, followed by India with negligible growth compared to the pre-Covid-19 period (1 %). Brazil, Korea and Canada are the three names completing the top 10.

Reference: Motor1

The list of 10 largest auto markets in the world in 2022 shows how small the Vietnamese car market is - Photo 4.

https://autopro.com.vn/danh-sach-10-thi-truong-o-to-lon-nhat-the-gioi-nam-2022-cho-thay-thi-truong-o-to-viet- nam-grape-be-the-nao-20220401093628424.chn

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