Industry Analysis & Industry Trends
Over the five years to 2015, rising per capita income is expected to drive revenue growth for the Global Car and Automobile Sales industry. The industry's dependency on employment rates, global consumer spending, financing rates and the world price of crude oil make it vulnerable to economic shifts. In the coming years, pent-up demand, improving per capita income and growing consumer sentiment are expected to drive automobile sales... read more
Due to data for global business locations being limited, estimates are based on total vehicle sales for each respective region. North America and Europe were traditionally the top two regions, with mature economies such as the United Kingdom, the United States, Germany and France typically accounting for large proportions of sales. However, growth in emerging markets, such as China, has shifted this trend. According to the International Organization of Motor Vehicle Manufacturers (OICA), China accounted for 30.3% of total vehicle sales in 2014, up from 24.8% in 2010. China's significant growth is encouraging new participants to enter the industry.
The North Asia region is expected to account for largest share of sales volume in 2015... read more