LMC Automotive Global Light Vehicle Sales Update (October 2019)

2019/11/19

Summary

  • Global Light Vehicle (LV) sales fell 3.8% year-on-year (YoY) in October, while the selling rate dropped to 88.3 mn units/year, down slightly from the revised 90.3 mn units/year in September.
  • This uninspiring picture is in part due to one-off factors: the General Motors strike in North America; the consumption tax hike and the impact of typhoon Hagibis in Japan. The impact of further WLTP emissions testing in September 2019 has started to recede in Europe, but selling rates certainly have room to improve. China’s demand has softened again recently.