Asian Passenger Car Sales for 2016
In 2016, the Asian automotive market experienced mixed trends in car sales across different countries. Economic conditions, government policies, and changing consumer preferences influenced the sales figures.
China’s automotive industry remained the largest automobile market globally in 2016, with strong growth at almost 15% versus 2015. The growth rate would have been stronger had it not been due to factors such as the economic slowdown, government restrictions on vehicle ownership in major cities, and changes in the regulatory environment. Despite the slowdown, China still accounted for a significant portion of global car sales.
