Asian Passenger Car Sales for 2011
In 2011, the Asian automotive market experienced mixed trends in car sales due to various factors such as economic conditions, government policies, and natural disasters. A total of 26.8 million new passenger cars were sold. China’s automotive industry continued its rapid growth in 2011. Car sales exceeded 14.5 million units, maintaining its position as the world’s largest automobile market. However, growth started to slow down compared to previous years due to factors such as government policies to control traffic congestion and rising fuel prices.
Japan’s car market faced significant challenges in 2011 due to the devastating earthquake and tsunami that occurred in March. The natural disasters severely impacted the country’s automotive production and supply chains. Car sales declined over 16% as a result, down to 3.5 million cars sold with both domestic and international automakers experiencing reduced demand. However, recovery efforts started towards the end of the year.
