Global Light Vehicle (LV) sales fell 5% in year‐on‐year (YoY) terms in March, but the selling rate picked up to 91 mn units/year, a slight improvement over the first two months of the year.
Although there was no YoY growth in any region of the world in March, the gentle acceleration of the Global selling rate reflected an easing in the extent of YoY losses in China, as well as an improved selling rate in the USA. However, Western Europe had a disappointing month, while the Japanese, Korean and South American markets all continued to struggle in YoY terms.
