China Overtakes U.S. in Global Car Sales for the First Time

(Bloomberg) — China’s carmakers outsold their U.S. counterparts for the first time last year, a testament to the shifting power dynamics in the global auto market.

Brands led by BYD sold 13.4 million new vehicles last year, beating the 11.9 million units delivered by American brands such as Ford and Chevrolet, researcher Jato Dynamics said Thursday. Japanese brands maintained their lead over the rest of the industry.