Passenger Cars
Passenger Cars Overall Trends cover, and the EU as a whole achieved a rate of 103.9%. 1 Introduction The increase in sales in Japan brought a slight produc- In 2014, the recovery of the European and U.S. mar- tion increase, bringing the rate to 101.1%. The vigorous kets, the ongoing, if slower, growth of the Chinese mar- U.S. market sustained high production levels, but as the ket, and the expansion of the market in ASEAN nations demand centered on SUVs, passenger car production (except Thailand), Central Europe and the Middle and dropped to 97.4% (Table 1). Near East led to worldwide sales of 60.88 million vehicles The ranking for passenger car production by manufac- in the 49 main countries, representing 103% of the previ- turing country remains unchanged from last year, with ous year. While recovery and growth in individual coun- the Hyundai Group in first place, followed by Toyota, tries were clearly affected by events such as the Ukrai- the Volkswagen Group, BMW and Daimler, in second to nian crisis and the drop in crude oil prices, the global fifth place. Honda, which increased production in Japan, market as a whole continued to grow. rose to 6th place, while Mazda, which reduced domestic In the 2014 Japanese market, last minute demand production, dropped to 7th place. Honda, Suzuki, Fuji between January and March ahead of the raising of Heavy Industries and Mitsubishi increased production in the consumption tax in April, as well as the remaining Japan, while Toyota, Mazda and Nissan reduced it, and backlog of orders in April and later, boosted sales of pas- senger cars, bringing them over 4.6 million vehicles for Table 1 Passenger car production in leading manufacturing countries the first time in eight years.
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