Global Light Vehicle (LV) sales fell by 7.3% in year-on-year (YoY) terms in November, while the selling rate slipped to 91.2 mn units/year, from October’s 92.2 mn units/year. Global sales are now virtually flat in year to date (YTD) terms.
The Chinese LV market continues to slow down, a major source of concern given the importance of this market to global sales. Other regions are also struggling, with YoY losses in Europe and North America, though selling rates remain robust in the latter case.
