In 2024, global car sales reached 88.2 million units. This is an increase of 2.7 percent compared to 2023. So, what changes occurred in the automotive industry last year? We will analyze this trend based on reports from leading analytical companies such as LMC Automotive, Jato, and Focus2move.
One third of international car sales in 2024 took place in China. The United States and India ranked second and third in this regard.
Leading countries in light vehicle sales
Last year, light vehicle sales decreased in countries like Japan, Germany, and France, while they sharply increased in countries like China, India, and Brazil.
Most sold car brands
Last year, BYD car sales increased by nearly 27 percent. Significant growth was also observed in the sales of Chevrolet (+8.2 percent), Mercedes (+5.8 percent), and Toyota (+3.4 percent). In contrast, sales of Ford (-3.7 percent), Honda (-2.1), and Volkswagen (-0.6) decreased.
Most sold car models
In 2024, the most sold car worldwide was the Tesla Model Y. A total of 1.15 million units of this electric vehicle were purchased.
The second place was taken by the Toyota Corolla. During the last year, 1.13 million units of this model were sold. Notably, two more Toyota models made it into the top 10. Specifically, in 2024, the Toyota RAV4 ranked third (sales – 1.02 million units), while the Toyota Camry was recorded in eighth place (sales – 580 thousand). In 2024, 10 out of every 100 cars sold were produced by Toyota.
The fourth and fifth places were taken by the Ford F-Series (sales – 900 thousand units) and Honda CR-V (sales – 740 thousand units) models.
Car sales over the last decade
The highest car sales in the last decade were observed in 2017 – 94.5 million units. Although car sales significantly increased last year, this figure remains lower compared to the pre-pandemic period.
2014 – 85.2 million units;
2015 – 86.9 million units;
2016 – 93.1 million units;
2017 – 94.5 million units;
2018 – 94 million units;
2019 – 90.1 million units;
2020 – 77.6 million units;
2021 – 81.1 million units;
2022 – 80.4 million units;
2023 – 85.9 million units;
2024 – 88.2 million units.
Uzbekistan's automotive industry
According to the statistics committee, in 2024, 424,808 light vehicles were produced in Uzbekistan. The most produced models in this regard were:
- Cobalt – 164,887 units;
- Damas – 101,902 units;
- Tracker – 45,918 units.
Last year, the number of cars sold in the country amounted to 402,391 units. During the reporting period, UzAuto Motors delivered 353,730 units, ADM Jizzakh 30,329 units, BYD Uzbekistan Factory 17,132 units, Asaka Motors 489 units, Jizzakh Auto 394 units, and SamAuto 317 units to buyers.
In 2024, the market share of companies in the domestic market is as follows:
- UzAuto Motors – 87.9 percent;
- ADM Jizzakh – 7.5 percent;
- BYD Uzbekistan Factory – 4.3 percent;
- Jizzakh Auto – 0.1 percent;
- Asaka Motors – 0.1 percent;
- SamAuto – 0.1 percent.
The most sold car is the Cobalt. Last year, 127,240 units of this model were sold. The following places were taken by Damas (106,001 units) and Tracker (37,903 units)
