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LMC Automotive Global Light Vehicle Sales Update (March 2022)
2022/04/15
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Summary
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Commentary
Summary
- The Global Light Vehicle (LV) selling rate fell to 75 mn units/year in March 2022, bringing the Q1 2022 average to 79 mn units/year, as global supply‐chain issues continued to constrain sales statistics.
- In year‐on‐year (YoY) terms, sales were down 14%. The US saw a continuation of tight inventories and high transaction prices, while, in China, sales remained somewhat resilient considering lockdowns and the worsening global outlook.
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