F&I Tools key points
The top 5 world's largest automotive countries dropped 14% in yearly sales. The pandemic hit some countries harder than others, and Western Europe had some of the largest declines with auto sales dropping 30% in many regions. Korea was up 6% driven by the success of new luxury brand, Genesis, and vehicle sales in Korea jumped in global rank from #12 in 2019 to #7 in 2020. |
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Discrepancy in Numbers
Pinpointing sold vehicles per country per year is not as simple as it may sound. We end up with ballpark numbers due to many factors:
The goal is to count new vehicle registrations for automobiles purchased for personal use, but many other types of sales may end up in one set of data but not another. |