The Global Light Vehicle (LV) selling rate slipped to 80 mn units/year in August, marking the lowest result in over a year. The global chip shortage has become a serious headwind for LV sales across the world.
Despite a more favorable economic backdrop provided by the easing of coronavirus restrictions in several regions, supply constraints, which have seen inventories diminished, driven up waiting times for new vehicles and raised prices, are acting as a brake to global market activity.
