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LMC Automotive Global Light Vehicle Sales Update (May 2022)
2022/06/15
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate improved to 76 mn units/year for May 2022, following a very poor result in April. Supply bottlenecks remain the key issue for the global automotive industry, with manufacturers unable to meet demand in most regions.
- In year-on-year (YoY) terms, sales were down 10%. In China, the reopening of manufacturing facilities in mid-April supported a strong rebound in sales. In the US, the industry is struggling in the face of record high transaction prices, low inventory, and low incentives.
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