Global Top 10 Countries Sales Forecast (Q1 2024)

Global sales to increase 3% to 89.2M units in 2024, largely unchanged from the previous forecast

2024/04/26

Summary

⋆An updated version of this forecast report will be released every quarter

-From the Q1 2024 edition onwards, the sales forecast within the Global Light Vehicle Forecast reflects the transition to the new China sales dataset that excludes exports ̶ previously, these had been included.

-According to a report by GlobalData as of Q1 2024, global light vehicle sales are forecast to increase by 3.0% y/y to 89.2 million units.

-The top 10 countries are forecast to see sales in 2024 of 25.68 million units in China (+1.7% y/y), 16.09 million units in the US (+3.5% y/y), 4.87 million units in India (+3.3% y/y) and 4.78 million units in Japan (+2.5% y/y).

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