Global Light Vehicle (LV) sales fell 6.9% in year-on-year (YoY) terms in December, while the selling rate slipped further, to 90.3 mn units/year, from November’s 91.2 mn units/year. Based on available data, 2018 saw Global LV sales of around 94.8 mn units, down 0.5% YoY. This represents the first annual drop in Global sales since 2009.
Chinese LV sales were down again in December, as the year ended on a disappointing note for the Global LV market. Of the major markets, only the USA provided any relief in YoY terms, although even this was modest, while Europe saw further losses in December.