Global Car Sales in the First Half Increased 5% and Brazil Was the 4th Largest Car Market

2011-08-18

According to Scotiabank Group, the total sales of cars in the world in the first half year were 10.4 million units. Because German car manufacturers announced that it would invest US$15 billion in China before 2015 and would expect to see the growth before 2020. As for Russia, its sales in the first half increased 56%, exceeding France to become the 2nd largest car market in Europe. The sales in India also increased 15% and the figure is expected to reach 2 million units. In South America, it again shows double-digit growth since 2007. Brazil then outperforms Japan to become the 4th largest car market in 2011, which is also expected to transcend Germany within 5 years as the 3rd largest car market. In the U.S., the sale is expected to reach 12.7 million units in 2011.