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Trendforce: Toyota ranks first in July sales in 37 markets around the world

The official account of TrendForce announced the global car sales report for July. Data show that in July 2023, the total number of car sales in 37 sales markets around the world will be 5.44 million. In the case of a high base period in June, car sales in July will decrease by 10% month-on-month.

It is learned from the chart that the top 10 auto brands in sales accounted for a total of 50.7% of the market, an increase of 2.3 percentage points compared to the value in June, and the concentration of leading auto companies’ brands was further improved in July.


▲Image source TrendForce official official account of TrendForce

The car brands with the first and second sales in July are the same as last month, among which Toyota ranked first, accounting for 10.2% of the total sales, and sales fell by 5% compared with June. Sales in the US market rose month by month Climb, the Japanese market performance is stable, but the domestic market is lower than last month.

The second-ranked Volkswagen accounted for 6.6%, and its sales in July fell by 13% compared with June, mainly due to the decline in sales in Europe and the domestic market.

The third and fourth places are Honda and Ford, both of which saw a slight decline in sales in July compared to June.

The fifth place is BYD. At present, BYD still focuses on the Chinese market, but it has recently begun to focus on the Southeast Asian market, and it is expected to continue to catch up.


▲Image source TrendForce official official account of TrendForce

TrendForce believes that the overall auto market is affected by economic fluctuations. China’s domestic demand is insufficient, Europe’s recovery is slow, and the United States has a good sales situation after rising new car inventories. The Brazilian market has boosted sales due to the incentive policies provided by the government. Different markets are one of the reasons for the fluctuations in monthly sales and proportion.

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James Lopez
James Lopezhttps://www.techgoing.com
James Lopez joined Techgoing as Senior News Editor in 2022. He's been a tech blogger since before the word was invented, and will never log off.

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