General

This year, 84 million new cars will be sold on the global market

Research firm TrendForce expects a slight increase in global new car sales

this year, the growth will be 3.8%, reaching the level of 84.1 million units. Last year, sales of new cars decreased by 0.1% compared to the results of 2021 and amounted to 81.05 million units. The absolute leader in sales of new cars in 2022 was China with a result of 26.9 million devices, which corresponds to a growth of 3.7% year-on-year. At the same time, growth in China helped the global car market to maintain its results, while markets such as the US and Europe, on the contrary, showed the lowest sales results in a decade. For example, 13.7 million new cars were sold in the US, which is 8.1% lower than sales a year earlier. In Western Europe, 11.8 million vehicles were sold, down 4.6% from 2021 results. Eastern Europe fell by 27.3%.