- The Global Light Vehicle (LV) selling rate improved to 84 mn units/year for the opening month of 2022. Supply chain issues remain the key headwind for demand, though last month also saw the rapid spread of Omicron deal a blow to some potential market activity.
- While reports of an improving supply environment in some markets, including China, means the worst of the crisis is likely over, it remains the key headwind to sales during 2022, overshadowing concerns over inflation and a more subdued economic outlook.
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