Asian Passenger Car Sales for 2014
In 2014, the Asian automotive market displayed a mix of growth and challenges in car sales. Factors such as economic conditions, government policies, and changing consumer preferences influenced the sales figures.
China’s automotive industry continued to grow in 2014, although at a slower pace compared to previous years, only seeing 9.9% growth, with passenger car sales hitting 19.7 million units, maintaining its position as the world’s largest automobile market. However, the growth rate continued to moderate due to factors such as government measures to control traffic congestion, restrictions on vehicle ownership, and a slowing economy.
