LMC Automotive Global Light Vehicle Sales Update (May 2018)
Global Light Vehicle sales grew by 4.5% in year-on-year (YoY) terms in May, with the selling rate at 98.3 mn units/year, a strong performance compared to 2017’s total sales of 95.3 mn. Year to date (YTD), global sales are up 3.3%, YoY.
China followed a strong April with another solid result in May, while sales in the US and Eastern Europe also drove global growth higher. Western European sales held steady compared with the prior year, while the Japanese and South Korean markets remain at historically high levels.