World production of passenger cars 1998-2023

In 2023, over 68 million passenger cars were produced worldwide. According to the source, passenger cars are motor vehicles with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat. 

Passenger car production is picking up

Passenger vehicle production shrank by some 17 percent in 2020, while passenger vehicle sales decreased by 16 percent that year, mainly as a result of the coronavirus pandemic. However, already in 2021, production picked up by two percent year-on-year, and continued growing by almost eight percent in 2022 and 11 percent in 2023. The 2023 production was also the first time the world's passenger car output was greater than the output recorded in 2019.