PUBLISHER: MarketLine | PRODUCT CODE: 1405190
PUBLISHER: MarketLine | PRODUCT CODE: 1405190
Global New Cars industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
The market value is calculated based on the retail selling price (RSP), and the market volume is measured in terms of units sold.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation), and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
Asia-Pacific dominated the global new cars market, accounting for the largest share of 44.0% in 2022.
The global new cars market had total revenues of $1,960.4 billion in 2022, representing a negative compound annual growth rate (CAGR) of 4.5% between 2017 and 2022.
Market consumption volumes declined with a negative CAGR of 3.7% between 2017 and 2022, to reach a total of 65,336.1 thousand units in 2022.