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LMC Automotive Global Light Vehicle Sales Update (November 2022)
2022/12/15
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Summary
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Commentary
Summary
- November’s Global Light Vehicle (LV) selling rate eased back to 84 mn units/year from October’s revised 85 mn units/year. In raw registration terms, November rose 3.2% YoY (year-on-year) to 7 mn units. The year-to-date (YTD) figure now stands at under 1% below the corresponding period in 2021, though this is a weak base for comparison.
- China’s market decelerated sharply in November. In YoY terms, sales fell by 7% in November, ending five straight months of strong rebound. North America and Europe are still struggling YTD as supply-side factors continue to hamper sales.
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