LMC Automotive Global Light Vehicle Sales Update (July 2020)
2020/08/14
Summary
- Global Light Vehicle (LV) sales fell by just 6.8% year‐on‐year (YoY) in July — somewhat better than results seen in previous months — while the selling rate rose to 85.7 mn units/year, continuing the upward trajectory observed since the peak of the pandemic in April.
- While lockdown measures have generally been loosening, a risk of deterioration or a major second wave of infections remains present. One important aspect of the speed of selling rate recovery has been pent‐up demand, which itself masks the current underlying level of market strength. As in June, Korea and China continued to display positive YoY growth, while other regions showed diminishing YoY declines.
This report is for paid members only.
If you register as a free member, you can read the rest of this article for a limited time.
In addition, you can also enjoy the following content for free: