China leads global passenger car production with 16.024 million units, but faces a year-on-year decline of 7.4%. Japan and Germany follow, showing slight growth and stability. India and South Korea experience minor contraction, while Brazil and Indonesia see growth. The US, France, and the UK report declines, signaling potential challenges. Emerging markets like Romania, Malaysia, and Morocco exhibit robust growth, whereas traditional markets such as Italy, Belgium, and Canada are shrinking. Rapid growth in Kazakhstan and significant increases from Algeria underscore a shift towards diverse production bases. Ukraine posts a steep decline, largely due to geopolitical issues.
Future trends to watch include increased electric vehicle (EV) production in response to global sustainability targets, supply chain adjustments post-pandemic, and the potential relocation of facilities due to geopolitical tensions. The transition to advanced manufacturing technologies and automation, particularly in developing markets, is expected to impact production scales and efficiencies.
Top countries in Passenger Cars Production by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 16,024,000 | 2023 | -7.56% | -7.4% | View data |
| 2 | 2 Japan | 8,698,500 | 2023 | +4.64% | +0.8% | View data |
| 3 | 3 Germany | 5,137,900 | 2023 | +5.73% | +0.068% | View data |
| 4 | 4 India | 3,914,900 | 2023 | +7.04% | -0.59% | View data |
| 5 | 5 South Korea | 3,488,900 | 2023 | +0.53% | -0.96% | View data |
| 6 | 6 Brazil | 2,636,300 | 2023 | +9.95% | +2% | View data |
| 7 | 7 Spain | 2,256,100 | 2023 | +4.26% | -0.1% | View data |
| 8 | 8 United States | 2,049,500 | 2023 | -2.39% | -5.95% | View data |
| 9 | 9 France | 1,612,400 | 2023 | +8.52% | -1.88% | View data |
| 10 | 10 Russia | 1,573,200 | 2023 | +4.9% | +0.12% | View data |