What country has the highest demand for cars?
Global vehicles sales (cars + light vehicles) up to September 2025 have reached 64,67 million units. Looking at YTD data up to September 2025 country-wise, China remained the largest global market, up by 6. This huge market accounted for 29. USA ranked 2nd gaining 3. China is the largest car market in the world, accounting for over 23. Japan and India are the second and third largest car markets in the world, with sales of 5.
Which country spends most on luxury brands?
Presently, South Korean annual per capita spend on luxury goods remains more than six times higher than that of Chinese spenders. Globally, McKinsey projected the luxury market to grow between 5% and 10% in 2023, buoyed by demand from the U. S. China. South Korean consumers are the world’s biggest per capita spenders on personal luxury goods, according to data from investment bank Morgan Stanley. Last year, total spending on personal luxury goods grew by 24% to reach $16. CNBC.Many countries have seen an increase in spending on luxury items, but one country now stands out as the world’s biggest spender on luxury goods per capita: South Korea. According to analysts from Morgan Stanley, South Korea’s spend on luxury goods saw a 24% increase in 2022 to €15.The investment bank estimated South Korean total spending on personal luxury goods grew 24% in 2022 to $16. That’s far more than the $55 and $280 per capita spent by Chinese and American nationals, respectively, according to Morgan Stanley estimates.
What is the #1 selling car in the world?
Toyota Corolla. The Toyota Corolla is the world’s best-selling car of all time, with over 50 million units sold globally since its debut in 1966. If you couldn’t figure it out from this list, Toyota is the top brand in terms of how well its vehicles hold value. Honda and Subaru are also good in this regard. What cars lose their value the fastest? Generally speaking, luxury models and electric vehicles lose their values the fastest.