Today’s global automobile market: Sales volume revealed in July 2023

According to news on September 3, the global automobile market will show new dynamics in July 2023. According to the latest research report released by TrendForce, data shows that a total of 5.44 million cars were sold in 37 sales markets this month, a slight decline from the base month of June, a decrease of 10%.

Among the top ten car brands by sales, the total market share reached 50.7%, an increase of 2.3 percentage points from the previous month, further demonstrating brand concentration. improvement. Toyota continued to maintain its number one sales position, accounting for 10.2% of total sales. Although sales fell by 5% compared with the previous month, Toyota's sales gradually increased as inventories in the U.S. market rebounded. However, in the Chinese market, Toyota's sales have declined.

The Volkswagen brand followed closely, accounting for 6.6%, but sales in July dropped 13% from June. The main reason is weak sales in places like Europe and China. Honda and Ford ranked third and fourth respectively, and although their July sales fell slightly compared with June, the decline was lower than the overall average.

According to the editor’s understanding, Chinese brand BYD ranks fifth in the sales rankings, becoming the only top ten brand that only sells new energy vehicles. BYD's performance in the Chinese market is strong, with sales and rankings rising rapidly. Although it is currently mainly concentrated in the Chinese market, as sales in overseas markets increase, BYD is expected to pose a greater competitive threat to the top brands.

The Suzuki brand ranked seventh, becoming one of the few brands among the top ten brands to experience an increase in sales. Suzuki's main markets are India and Japan, and sales in both markets increased slightly in July, which helped offset the impact of declining sales in the European market.

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