The Global Light Vehicle (LV) selling rate fell to 73 mn units/year in September. This result was significantly lower than the preceding three-month average of 82 mn units/year, signaling the worsening impact that the supply crisis is having on demand prospects.
Major disruptions to the automotive supply chain continue to hold back the potential of the relatively brighter economic backdrop. The semiconductor shortage has left vehicle inventories low, leading to increased waiting times for new vehicles in many regions.
