Global Light Vehicle (LV) sales fell 3.9% in year-on-year (YoY) terms in August, but the selling rate accelerated to 94.9 mn units/year, from 90.9 mn units/year in July.
The selling rate was the strongest since August 2018’s WLTP-distorted result, though additional WLTP requirements may have contributed to the surge in Europe’s selling rate in August 2019 as well. Elsewhere, selling rates in the USA and China appear to have stabilised. However, in YoY terms, China is still firmly in negative territory, while the US comparison was positive, helped by calendar effects. Meanwhile, August brought some renewed weakness in South America, too.