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South Korea becomes the only seedling of growth? 2020 global market sales are released

by:Yisheng      2021-06-03

Due to the decline in demand brought about by the new crown epidemic, the global automotive industry is facing a huge crisis in 2020. The data shows that in 2020, the sales of major auto markets such as China, the United States, Germany, Japan, Italy, India, the United Kingdom, Russia, Spain, etc. have all declined to varying degrees. The only country that can achieve year-on-year growth in sales (Global Auto Among the top 10 sales) only South Korea.

In China, according to data released by the China Automobile Association, China's auto market sales reached 2531.1 in 2020, a year-on-year decline of 1.9%. Compared with most countries, the recovery of China's auto market is more obvious, and it has maintained a year-on-year growth since the second half of the year. From the perspective of other Asian countries, Japanese car sales were about 4.599 million units, down 11.5% year-on-year, which was the worst result since 2011. India achieved cumulative sales of 2.94 million vehicles, a year-on-year decrease of 23%.

Unlike the above-mentioned Asian countries, South Korea achieved 1.89 million vehicle sales in 2020, an increase of 5.8% year-on-year. It is the only market in the top ten countries where sales have shown positive growth. However, under this situation, the performance of local Korean car companies is in a downward trend. The five major car companies, Hyundai Motor, Kia Motors, GM Korea, Renault Samsung and Ssangyong Motors, have a total sales of 6.94 million vehicles (globally), although local sales Compared to 2019, it increased by 4.8%, but total sales fell by 12%.

In the United States, the country’s cumulative sales in 2020 were 14.6 million vehicles, down 14% year-on-year, reaching the lowest level in history since 2012. In Europe, the German, French, British, Italian, and Spanish auto markets all saw double-digit year-on-year declines, and the decline in British car sales even reached 30%. The Russian market has a relatively small decline (a decrease of 9.1%), but its sales ranking has risen, squeezing into the top ten in the world.

Editor's comment:

Although the trend of the Chinese auto market compared with the global market is quite gratifying, its performance in the field of electrification is not as good as that of Europe. Data show that in 2020, European new energy passenger vehicle sales exceeded 1.36 million, surpassing China to win the 2020 global new energy sales champion. Among them, German pure electric vehicle sales reached 194,000, nearly twice the number in 2019. It seems that China should continue to redouble its efforts in the field of future automobiles.

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