F&I Tools key points
China was the #1 car sales country in 2023. China auto sales increased 28% year-over-year to over 30 million vehicles, and outpaced 2nd place USA by nearly 15 million units. India sold over 4 million vehicles for the first time in history, and the United Kingdom increased 18% to move up a spot in the top 10. The Philippines posted tremendous gains, up 22%, to make the top 25 list of the largest car sales by country. |
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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. |