Posted: 18.09.2023 16:38:00

Global car market grew by 9.6% in August 2023

The global car market in August 2023 increased by 9.6 percent to 7,302,000 passenger cars and light commercial vehicles. According to the results of eight months, car sales in the world amounted to 57,495,000 units (plus 10.3 percent) – as reported by the Russian agency Avtostat with reference to the consulting company LMC Automotive


China remains the world leader in car sales in August of this year with 2.52 million cars (+5.2 percent compared to 2022). Thus, after the July fall, the Chinese car market returned to growth. 1.33 million vehicles were sold in the US – 17.1 percent more than a year earlier. In Western European countries, 889,600 cars were sold in August (+18.7 percent). Car sales in Eastern European countries increased by 31.9 percent to reach 290,400 units.

In South America, local dealers sold 233,500 cars – 1.3 percent up compared to last year. Japan (337,400, +17.2 percent), Canada (148,600 cars, +10.8 percent) and South Korea (128,300 cars, -0.7 percent) are also mentioned among the world's largest car markets.

In Belarus, 2,019 passenger cars were sold in August 2023, which is almost 25 percent more than the corresponding figure for July and 3.7 times higher than sales in August 2022. Cumulative sales for eight months of this year were 1.8 times higher than sales for eight months of 2022 (11,692 versus 6,408 passenger cars, respectively). At the same time, the leading position in the Belarusian car market is occupied by the Geely brand – 8,770 cars sold since the beginning of the year, accounting for 75 percent of the market.