Global car market increased by 1% in May

[Yommie]

Global car market increased by 1% in May​

The world car market in May increased by 1% to 7 million 225 thousand cars and light commercial vehicles. At the end of five months of 2024, car sales in the world amounted to 34 million 804 thousand vehicles (+3.4%), according to the data of consulting company GlobalData.
The world leader in car sales in May remains China with 1 million 948 thousand cars (-2.3%). In America, 1 million 439 thousand cars were sold - by 6.4% more than a year before.
Automobile markets of Western Europe in May amounted to 1 million 120 thousand cars (-2.2%). Car sales in Eastern Europe increased by 15.4% to 387.2 thousand vehicles. This result was possible due to the continued recovery of demand in Russia, as well as strong sales in Turkey, which in May increased by 10% to 100 thousand cars due to the consistent increase in interest rates by the Central Bank of the country.
In South America, local dealers sold 215,900 vehicles, up 5.8% year-on-year. Among the world's largest car markets, Japan (309.4 thousand vehicles, -4.5%), Canada (163.1 thousand vehicles, -1.5%) and Korea (138.8 thousand vehicles, -7.3%) are also worth mentioning.