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2008 Worldwide Passenger Car Sales (by Country & Region)

In 2008, the global automotive industry faced significant challenges due to the global financial crisis that began in late 2007.

Global Car Sales & Rankings by Region & Country for 2008

In 2008, the global automotive industry faced significant challenges due to the global financial crisis that began in late 2007. The crisis had a major impact on car sales worldwide, resulting in a decline in demand and sales volumes. Car sales experienced a sharp decline across many markets, particularly in developed countries where the financial crisis hit hardest. Consumers became more cautious with their spending, leading to a decrease in new car purchases.

The United States, one of the largest car markets, was severely affected by the crisis. The collapse of several financial institutions and the subsequent economic recession resulted in a significant drop in car sales. Similarly, European markets, including Germany and the United Kingdom, also witnessed a decline in sales. To counter the impact of the financial crisis on the automotive industry, various governments implemented stimulus measures to encourage car purchases. These measures included tax incentives, subsidies, and scrappage programs aimed at boosting sales and revitalizing the industry.

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