Global Light Vehicle (LV) sales grew by 1.9% in year-on-year (YoY) terms in July, but the selling rate continued to fall back from recent highs, down to 96.1 mn units/year, from 96.8 mn units/year in June.
Whilst Europe – both Western and Eastern – enjoyed healthy YoY gains, there were YoY falls in North America and China. The selling rates for both the USA and China declined noticeably compared to the previous month, contributing the majority of the slowdown in global growth.
