Global light vehicle sales up 5.6% in 2016
Global car and LCV sales rose 5.6% to 84.24 million units in 2016, helped by soaring demand in China, India and Europe.
The analysis from JATO Dynamics found that sales in China were up 14.2% on 2015. Although the expansion of the car purchase restrictions caused a slowdown in the market at the start of the year, demand recovered during H2 with consistent monthly double-digit growth.
European car and LCV registrations totalled 17.1 million units, up 7% on 2015, while India put in a strong performance with more than 3.3 million units sold as a result of growing prosperity and the greater availability of consumer credit.
Japanese car sales decreased by 1.6% compared to 2015, signalling a slowdown in the retraction of the industry when compared to the sharp fall of 9.5% seen in 2015.
Brazilian registrations saw a dramatic decline, with 500,000 less units than the previous year and down 45% on the record 3.63 million units posted in 2012.
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