LMC Automotive Global Light Vehicle Sales Update (October 2021)
2021/11/15
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate improved slightly in October, to 76 mn units/year, though this latest result still highlights the deep impact of the global supply crisis on automotive demand.
- Sales figures remain in dismal shape across much of the world primarily because of the semiconductor shortage, which is creating a disconnect from positive underlying drivers of demand, with this drag on the market set to continue through 2022.
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