Growth in AsiaThe Far East leads what car sales growth there is
The November edition of the WAIT Digest reveals that of the 37 countries under review, only thirteen of them showed car sales growth for the
year to date, and that those countries showing strong growth were all in the Far East. Car sales in China leapt by 29.3% in the period under
review, followed by Singapore with 26.0% growth and Thailand with 24.9%. Reasonable growth year to date has occurred in Brazil, Malaysia,
the United Kingdom, Mexico and South Africa. More modest growth rates have been seen in France, Spain, the Czech Republic, Luxembourg
and Japan with 1.1%,
Those countries showing varying degrees of market deterioration have been led by Iceland (-46.6%) and Argentina (-45.2%). Other countries
showing big losses to date include Turkey, Eire, Indonesia, the Philippines, Finland, Thailand, Denmark and Sweden. Those countries where the
market deep has been less dramatic include Belgium, Norway, the USA, Austria, Portugal, Greece, Australia, Switzerland, Germany, South
Korea, India, Italy and Canada.