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LMC Automotive Global Light Vehicle Sales Update (April 2022)
2022/05/13
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Summary
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Commentary
Summary
- The Global Light Vehicle (LV) selling rate plunged to 67 mn units/year in April 2022. Most major markets remain supply-constrained, with lockdowns in China as well as the war in Ukraine only exacerbating these issues and thus applying downward pressure to global sales activity.
- In year-on-year (YoY) terms, sales were down a staggering 25%, with all major markets experiencing a contraction. China felt the impact of its zero COVID-19 policy, with over 20% of dealerships closed due to lockdowns, while in the US, inventories remained tight due to global supply problems.
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