TORONTO, March 13, 2017 /PRNewswire/ – Global car sales continued to move greater in the opening month of 2017, even as most automakers reported reduced sales in China due to an improve in the sales tax applicable on little cars with 1.6L or smaller engines. The South American auto market place is on far more strong footing with sales climbing four per cent year more than year in January, led by a double-digit advance in Peru. In March, the combined vehicle sales by Hyundai and Kia plunged 52.2 % in China on a yearly basis.
Global car sales continued to rise in the opening month of 2017, 3 per cent above a year earlier in January, as building markets (excluding China) began 2017 with the strongest gains in practically 4 years. Volkswagen in second spot is flat (-.6%) at two.1 million sales losing in crucial markets like Germany (-six%), UK (-5%), Brazil (-eight%), Turkey (-16%) and France (-7%).
Soon after such a robust year, and in spite of a a single-year extension of China’s tax break on sales of smaller sized autos (while the discount was halved), Macquarie says that global car sales development will weaken in 2017. As a Statista Premium client, you get unlimited access to all statistics at all times.
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