Friday, June 2, 2023

Paper of the day: Which countries produce the most vehicles?

After a period of shutdown in various industries due to Covid-19, the automaker has started to rebound and sales of vehicles have skyrocketed in several countries.

We have come from a period in which, due to Covid-19, various industries have seen their incomes decrease somewhat. In this sense, the automotive industry, in 2020, could contribute about 2.6 percent of the gross domestic product (GDP) in Mexico, which represented a small drop of 0.4 percentage points to 2019, when the participation of the automotive sector in the national GDP reached 3.04 percent, this according to information from National Statistics and Geography (INEGI).

In this sense, it should be noted that Mexico is without a doubt one of the countries where the fleet of vehicles has grown more and more. According to data from INEGI, between 1980 and 2020, the number of properly registered vehicles in circulation in Mexico increased eightfold. So, until a few years ago, the Mexican car fleet was 50.3 million light and heavy vehicles.

From this premise, last year, according to official information, the sale of new cars in Mexico reported a 7.03 percent increase compared to the previous year, with a total sale of 1,086,058 units.

Which country has more vehicles?

Undoubtedly, the last few years have been one of the biggest challenges of all: companies, schools, and society in general. In general, it can be said that no industry has been spared from the consequences of the health emergency, despite the fact that those have reported significant growth.

However, the automotive industry was also one of those that suffered the most from the arrival of Covid-19 and its consequent lockdown, but at the end of 2022, we are talking about a better context.

And it happened, according to data reported by OICA (Organization of Automobile Manufacturers), in 2022 a total of 85.02 million vehicles were produced in the world, including cars and commercial vehicles (light commercial vehicles, trucks, buses, and minibusses).

This figure, it should be noted, represents an increase of 6 percent compared to those in 2021; however, it is worth noting that it is far from the record reached in 2017, in which 97.30 million vehicles are manufactured.

As shown in the graph above, in the Top 10 countries that produced the most vehicles in 2022, Mexico reported production of 3.51 million units.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here