World analysts say the crisis in the auto industry has begun, and they forecast a serious decline in demand for new cars in 2019-2020. As a result of the first six months of 2019, the global car market fell by almost 7% to 45 million 159 thousand units of auto products.
In June 2019, the same negative trend was observed: 7 million 794 thousand sold cars, which is 6.4% less than in 2018.
China remains the world leader in new car sales, despite a decline in sales (12.4%). In January-June 2019, 12 million 076 thousand cars were sold in China.
America remains in second place, where as a result 8 million 432 thousand cars were sold (-2.1%). In the countries of Western Europe for six months of 2019, the volume of the car market amounted to 8 million 699 thousand cars (-2.9%). In Eastern Europe, sales decreased, slightly stronger compared to 2018 - by 7.3% to 1 million 982 thousand cars. In addition, the decline in sales of new cars is also observed in the countries of South America, where in the first half of 2019, sales fell by -7.4%, which is 1 million 491 thousand sold cars.
It is worth noting that among the largest car markets in the world in January-June 2019, there were also:
- Japan (2 million 719 thousand units, + 0.9%)
- Canada (981 thousand units, -5.5%)
- South Korea ( 849.2 thousand units, -3.6%).
One of the reasons for the fall in demand for new cars, analysts highlight the so-called "tsunami of supported cars." Due to new legislative requirements for environmental friendliness and car safety, manufacturers are obliged to equip their products with high-tech mechanisms, which leads to an increase in the price of a car. As a result, demand for new cars is falling and it is growing for used cars.