Global vehicle production is expected to continue to recover in 2023.
n 2022, global vehicle production in the 48 countries was 85.41 million units, an increase of 5.9%. However, this figure is more than 15% less than the peak year of 97 million vehicles in 2016-2018 and 8% less than the peak year of 93 million vehicles in 2019. The Toyota Group (including Subaru) was the leader for the fourth year in a row with 11.8 million vehicles, up 6.2%.
The total number of vehicles produced in the world’s 48 countries (including some estimates) was 85.41 million, up 5.9% on 2021. This figure was lifted to 85 million units in the second half of the year, as the shortage of semiconductors and other components settled down to a certain extent.
On a regional basis, exports to all regions except Central and Eastern Europe (including Russia) exceeded the figures for the previous year. Sales in the Americas grew by 10%, in Europe (excluding Russia and the CIS) by just under 5% and in Asia by 7%.
By manufacturer, the Toyota Group (including Subaru) ranked first for the fourth consecutive year, with a 6.2% increase to 11.8 million units. It is also the only group to have maintained a volume in excess of 10 million vehicles since 2014. On the other hand, Renault/Nissan/Mitsubishi Motors dropped 38.6% to 6.42 million units, falling from the third position they held until 2017-2021, with Hyundai Motor Group (+5.5% to 7.07 million units) replacing them in the top three.