World automobile sales in May 2025 reached 7.74 million units, an increase of 3% compared to the same period last year. Sales from January to May totaled 37.99 million units, up 5% year-on-year. Although the car markets in the US and China saw strength in May, they were still 4% lower than the peak in May 2018. The Chinese market was the most dynamic, with sales of 12.74 million units from January to May, up 11%, and its share of world sales in May rebounded to 34.7%, an increase of 2.7 percentage points from last year.
Looking at the trend over the years, world automobile sales declined after 2018, gradually recovering from 2021 to 2024, and exceeded 2019 levels in January to May 2025. The Chinese automobile market has a significant influence, with its share gradually increasing from 2016 to 2024, reaching 33.5% in January to May 2025, and the car market remained strong from March to May.
The market share of international top automakers has significantly declined, while Chinese automakers generally performed strongly. BYD ranked 6th globally, and Geely ranked 9th. Toyota Group performed relatively strongly in January to May 2025, while Volkswagen performed weakly. Hyundai from South Korea had a stable trend, and some international automakers have been declining due to factors such as electrification.
This article is sourced from Finance Street
Original: https://www.toutiao.com/article/7521542941173695026/
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