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World's largest auto markets; India ranks 7
Emerging markets are fast becoming the biggest car markets in the world leaving behind developed economies such as US, Germany and Japan.
The US has always been the biggest auto market in the world for over a century. But China has surpassed the US. China auto sales are over 33 per cent of the US. And it sells seven times more vehicles than India.
Let’s take a look at biggest auto markets in the world.
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World's largest auto markets; India ranks 7
Spain
Rank: 21
Sales in 2012: NA
Sales in 2011: 809,948
Span’s economy is the fifth largest in the European Union and thirteenth largest in the world. In 2012, Spain was among the largest exporters in the world and has a trade surplus with other countries in the EU.
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World's largest auto markets; India ranks 7
Saudi Arabia
Rank: 20
Sales in 2012: 704,214
Sales in 2011: 594,299
The government of Saudi Arabia has a tight control over all major economic activity, especially oil. The country has 18 per cent of the world’s oil reserves.
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World's largest auto markets; India ranks 7
Turkey
Rank: 19
Sales in 2012: 777,761
Sales in 2011: 864,439
Turkey has the world's 15th largest GDP by Purchasing Power Parity and has the seventeenth largest by nominal GDP. It is still considered as a developing economy.by the IMF.
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World's largest auto markets; India ranks 7
Argentina
Rank: 18
Sales in 2012: 840,679
Sales in 2011: 857,983
Argentina has the third largest economy in Latin America. The country’s economy is considered as an upper middle income economy and the people maintain a high quality of life.
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World's largest auto markets; India ranks 7
Iran
Rank: 17
Sales in 2012: 902,031
Sales in 2011: 1,414,000
Iran is the world’s seventeenth largest economy by Purchasing Power Parity and 25th by nominal GDP. Dominated by oil and gas production, public sector still contributes to the country’s economy.
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World's largest auto markets; India ranks 7
Mexico
Rank: 16
Sales in 2012: 987,747
Sales in 2011: 905,888
Mexico is one of the biggest economies in the world and ranks 11th by Purchasing Power Parity. The economy contains rapidly developing modern industrial and service sectors, with increasing private ownership.
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World's largest auto markets; India ranks 7
Australia
Rank: 15
Sales in 2012: 1,112,032
Sales in 2011: 1,008,437
Australia is among the largest capitalist economies in the world and is dominated by its service sector, which comprising 68 per cent of the GDP.
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World's largest auto markets; India ranks 7
Indonesia
Rank: 14
Sales in 2012: 1,116,224
Sales in 2011: 894,180
Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. The country is also a member of G-20 major economies and classified as a newly industrialised country, according to Wikipedia.
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World's largest auto markets; India ranks 7
Italy
Rank: 13
Sales in 2012: 1,410,824
Sales in 2011: 1,757,649
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidised, agricultural south, where unemployment is high.
The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprise.
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World's largest auto markets; India ranks 7
Thailand
Rank: 12
Sales in 2012: 1,436,355
Sales in 2011: 792,000
With a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand achieved steady growth due largely to industrial and agriculture exports - mostly electronics, agricultural commodities, automobiles and parts, and processed foods.
Thailand is trying to maintain growth by encouraging domestic consumption and public investment to offset weak exports in 2012.
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World's largest auto markets; India ranks 7
South Korea
Rank: 11
Sales in 2012: 1,522,000
Sales in 2011: 1,589,119
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialised economy. It is currently the world's 12th largest economy.
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World's largest auto markets; India ranks 7
Canada
Rank: 10
Sales in 2012: 1,677,000
Sales in 2011: 1,581,733
As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards.
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World's largest auto markets; India ranks 7
France
Rank: 9
Sales in 2012: 1,898,872
Sales in 2011: 2,204,065
The French economy is diversified across all sectors. It is the fifth largest economy in the world by nominal GDP.
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World's largest auto markets; India ranks 7
United Kingdom
Rank: 8
Sales in 2012: 2,044,609
Sales in 2011: 1,941,253
The UK, a leading trading power and financial centre, is the second largest economy in Europe after Germany. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance.
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World's largest auto markets; India ranks 7
India
Rank: 7
Sales in 2012: 2,654,835
Sales in 2011: 2,309,874
India, one of the fastest growing economies in the world, is not a major exporter but has a massive domestic market.
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World's largest auto markets; India ranks 7
Russia
Rank: 6
Sales in 2012: 2,935,111
Sales in 2011: 2,653,408
Russia, one of the biggest economies in the world, is a major powerhouse of oil and gas production.
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World's largest auto markets; India ranks 7
Germany
Rank: 5
Sales in 2012: 3,082,504
Sales in 2011: 3,173,634
Germany, one of the biggest economic powerhouses of the world, depends largely on its massive export sector.
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World's largest auto markets; India ranks 7
Brazil
Rank: 4
Sales in 2012: 3,634,421
Sales in 2011: 3,425,596
Brazil, one of the fastest growing economies in the world, is also one of the biggest exporters in the globe.
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World's largest auto markets; India ranks 7
Japan
Rank: 3
Sales in 2012: 5,670,315
Sales in 2011: 4,416,077
The economy of Japan is the third largest in the world by nominal GDP, the fourth largest by Purchasing Power Parity and is the world's second largest developed economy, according to Wikipedia.
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World's largest auto markets; India ranks 7
United States
Rank: 2
Sales in 2012: 14,491,873
Sales in 2011: 12,778,171
The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. The US has abundant natural resources, a well-developed infrastructure, and high productivity and is the second-largest trading nation in the world behind China.
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World's largest auto markets; India ranks 7
China
Rank: 1
Sales in 2012: 19,306,400
Sales in 2011: 18,900,000
China, the fastest growing economy in the world, produces goods not only to satisfy its export sector but also to cater to its huge domestic market.