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Trends in 2018 auto sales and their impact on oil demand

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15 March 2019

Trends in 2018 auto sales and their impact on oil demand

Report summary

Of the near 100 million b/d in global oil demand, fuel use from light vehicles and two-wheelers accounts for over 28 million b/d. The sector is therefore pivotal to the oil market outlook. While the electrification of the auto fleet causes demand to decline post 2030, the medium term is largely determined by trends seen in today's auto market – the type of cars being bought and their fuel efficiency. This insight highlights a few of these trends, brought together across five different locations. These include: 1. The shift of Japan's auto fleet towards fuel-efficient HEVs and "mini" ICE vehicles 2. Europe's switch to gasoline cars as diesel falls out of favour 3. The rising popularity of crossover SUVs in the US 4. China's gaining momentum in EV and SUV sales 5. India's sleeper role of two-wheelers and the country's shift to mid-size cars.

Table of contents

  • Japan's fleet continues to shift to fuel-efficient HEVs and "mini" ICE vehicles
  • Europe turns to gasoline cars as diesel cars fall out of favour
  • The US: the rise of the crossover SUV
  • While China's car sales slip, SUVs and EVs gain further momentum
  • India's surging sales of two-wheelers and shift toward mid-size cars

Tables and charts

This report includes 10 images and tables including:

  • Japan's car population by type
  • Passenger cars: fuel intensity & vehicle weight
  • EU passenger car sales: change in % share
  • EU fuel efficiency targets for new passenger cars
  • US electric vehicle sales
  • US auto sales by type
  • China car sales by type
  • CAFC for major domestic automakers
  • Sales and gasoline demand: two wheelers vs. cars
  • Current fuel efficiency of new cars vs standards

What's included

This report contains:

  • Document

    Trends in 2018 auto sales and their impact on oil demand

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