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LMC Automotive Global Light Vehicle Sales Update (October 2022)
2022/11/15
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Summary
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Commentary
Summary
- At 86 mn units/year, October’s Global Light Vehicle (LV) selling rate was in line with the previous month. Meanwhile, October’s raw sales result of 7.1 mn units was an improvement of 10% YoY (year-on-year), taking the year-to-date (YTD) figure to circa -1%, albeit compared to an already weak base of 2021.
- Despite China experiencing a third consecutive month of slowing selling rates, YTD sales were up 8%. However, North America and Europe continue to struggle YTD as supply constraints hamper performances ahead of worsening macroeconomic conditions.
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