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LMC Automotive Global Light Vehicle Sales Update (August 2022)
2022/09/14
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate continued its gradual improvement for the fourth consecutive month to 94 mn units/year, up from the 90 mn units/year performance in July, and the strongest result of the year thus far. Despite the month-on-month improvements, the year-to-date (YTD) raw sales figure is still down 3.8% from the same period in 2021.
- China continues to lead the recovery as August saw selling rates shoot to record levels with the support of the temporary purchase tax cut. In North America and Europe, selling rates again highlighted ongoing supply disruption.
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