Global Light Vehicle (LV) sales fell by 18.1% in June, with the selling rate standing at 75.6 mn units/year. While the latest results are still well below healthy market levels, they do represent a continuing improvement from the April low. With lockdowns being lifted across much of the world, recovery appears to be underway, though a sizeable risk of deterioration remains.
Korea and China continue the positive YoY growth that began in May. Regional declines in other areas show continuing improvement on the nadir of April.