⋆An updated version of this forecast report will be released every quarter

-According to a report by GlobalData as of Q2 2023, global light vehicle sales are forecast to increase 6.5% year-on-year to 86.35 million units in 2023.

-Although not completely resolved, the global light vehicle market continues to recover from the severe situation caused by the semiconductor shortage, both in terms of sales and production, leading to a slight upward revision from the previous forecast.

-By country, China’s forecast for 2023 has been revised slightly downward, while that for the US has been raised by almost 0.4 million units units from the previous forecast due to better-than-expected results. The European market has been left unchanged overall.