How the car market has changed in 2021

General trends in car production around the world show a decrease in production rates, however, the main manufacturing countries do not change the order of their positions in the ranking. Car production in 2020, compared to 2019, decreased by 15.4% to 77 million vehicles. So the leader among the manufacturers of countries in 2020 is China. The United States is in second place with 11% and production close to 9 million, while Russia closes the top 10 leaders in car production in the world with 1,435 million, which is 2%.

The situation with the sale of cars in the global market differs from the production trends. So after a sharp decline in sales by almost 15% in 2020, caused by the economic crisis amid a pandemic, 2021 is increasing the pace of sales. For the first half of 2021, car sales are already 12% higher than in 2020 and this figure is approaching the values of 2019.

Chart. World car production by country in 2020,%

Source: International Organization of Motor Vehicle Manufacturers (OICA)