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Global car trade declines10 Jul 2019 / ChemCourier. Synthetic Rubber. Europe / statistics

Worldwide car sales went 7% down on an annualized basis in May 2019. India and China saw the greatest fall of 20.5% and 16.6% respectively. The Russian automobile market also contributed to the aggregated decline with a 6.7% drop. In Europe and the USA, however, car sales remained almost unchanged in May. Brazil and Japan showed an increase of 20.1% and 6.4%, respectively, in light vehicle registrations. The hike in the former was mainly due to a low comparative base as national strikes dampened car sales in the country in May 2018.

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