2016 Auto Industry Trends



World Car MarketChina’s BYD has huge industry share and the backing of Warren Buffett, but a current drop in government subsidies is hurting sales of its electric cars. A car or truck can sell mainly because ‘it appears like an SUV’, or mainly because ‘it is a City’ or for the reason that ‘it is a sedan’. In 2012, China’s total new car or truck sales totalled 19.three million units when India’s sales totalled 2.63 million units even even though its sales suffered of late due to higher fuel costs and high interest rates.

In Argentina, inflationary stress, currency devaluation and falling investment did not hit the light car market place quite as really hard as in the neighboring country of Brazil. Ford was the most hit among this list with sales of 6.29 million automobiles in 2016.

But all 2016 Azeras have very best-in-class front head and leg room, beating competitors such as the Nissan Maxima and Ford Taurus. The Japanese vehicle market had its ups and downs in 2016 with the year ending with a higher 8.1% improve to 332,800 automobiles sold in December 2016.

In some other instances, like the WagonR, Bolero, Omni, i20, and so on the sheer utility or good quality of a automobile for the intended application becomes the decisive element, but such cars are extremely limited. The Hyundai Tucson was added to my test driving list just after understanding of all the alterations the car went via for the 2016 model year.

The American corporation registered sales development of 1.7 percent and market place share of six.9 percent. Gone are the days when people today purchased a automobile just mainly because it is ‘Honda’ or ‘Volkswagen’. Tesla generated revenue of $6.35 billion from electric automobile sales in 2016, when BYD saw sales of $three.88 billion from its electric car or truck division.