2011 is the year of the growing economic gloom around the world and is also said the quite good year of worldwide car sales with an increase of 5 percent in the first half of the year according to Scotiabank. While sales have slowed in the developed world, emerging markets continue to grow rapidly. Here is the list of the top biggest auto markets worldwide based on forecasted new light-vehicle sales for 2011.
2011 sales forecast: 17.7 million
2010 vehicles sold: 17.2 million
After vehicle sales jumped a whopping 46 percent over 2008, China was ranked the world’s biggest car market in 2009. After that, in 2010, this country’s auto sales escalated another 32 percent, making China become the leading over the U.S. The country’s largest auto market, Beijing has also introduced limits on car registrations, raising fears the auto market may slow further. In May 2011, China’s auto market showed its first decline in two years, as sales dipped 0.1 percent from a year earlier; however, auto sales are up about 6 percent for the first seven months of the year. More interestingly, the Chinese government has encouraged foreign automakers to establish joint ventures and share technology with local companies, resulted in numerous home-made brands such as Geely, Chery and Dongfang.
World's 10 Largest Auto Markets: China with the most popular vehicle in 2010 was the Wuling Sunshine with over 750,000 units sold in that year
2011 sales forecast: 12.6 million
2010 vehicles sold: 11.5 million
The second position is the U.S whose dominance of the global auto industry came to an end in 2009 when China overtook the country to become the world’s largest auto market. Especially, auto sales in 2009 slumped to their lowest levels in 27 years. However, since then, its sales rose to 11.5 million in 2010 and they’re forecasted to rise to 12.6 million this year.
The top selling car in the U.S. is the Camry, with Toyota selling 337,000 units last year and the Ford F-Series truck came a close second at 313,000 units
2011 sales forecast: 3.9 million
2010 vehicles sold: 4.8 million
Despite being lost the top spot, Japan is home to some of the world’s biggest carmakers with the likes of Toyota, Honda, Nissan, Mazda, and Mitsubishi. Especially, Japanese auto sales fell over 23 percent to 373,058 units from the March after earthquake and tsunami. Toyota, the country’s largest manufacturer, led the declines with its sales dropping 37 percent in the same period.
The most popular car in Japan is the Prius (pictured)
2011 sales forecast: 3.5 million
2010 vehicles sold: 3.3 million
Brazil overtook Germany in 2010 to become the world’s fourth biggest car market, as sales jumped nearly 10 percent from the previous year
2011 sales forecast: 3.4 million
2010 vehicles sold: 3.1 million
Known as Europe’s largest car market, in recent years, Germany’s auto industry has succeeded in expanding rapidly in emerging markets. More specially, the automaker saw its sales in that country jump 16.4 percent in the first seven months of 2011
2011 sales forecast: 2.9 million
2010 vehicles sold: 2.7 million
According to J.D. Power and Associates, India will become the world’s third biggest car market by 2020. Although this country is one of the fastest growing car markets in 2010 with sales growth of 31 percent, its car sales this year seemed to be slowed
2011 sales forecast: 2.6 million
2010 vehicles sold: 2.6 million
France is Europe’s second-largest car producer after Germany and world’s seventh-largest auto market with the top two national manufacturers including PSA Peugeot Citroen (pictured) and Renault
2011 sales forecast: 2.4 million
2010 vehicles sold: 1.9 million
Interestingly, Russia is the fastest growing major auto market so far this year with an increase of 56 percent in the first six months of 2011 compared to the same period last year
2011 sales forecast: 2.2 million
2010 vehicles sold: 2.2 million
The ninth place: the UK is a world leader in the auto industry and the original home to iconic brands such as Rolls Royce, Bentley, Jaguar and Rover
2011 sales forecast: 2 million
2010 vehicles sold: 2.1 million K
Known as one of the world’s most iconic car brands including Fiat, autos are a big part of the Italian identity. Fiat is also Italy’s largest carmaker with over 160,000 Fiat Puntos (pictured) sold in 2010. However, Fiat was the worst performer among Europe's top six automakers in terms of sales in the first six months of 2011.
In fact, Italian auto sales have fallen for 13 months in a row up to June of this year
Top Biggest Auto Markets around the World: China