LMC Automotive Global Light Vehicle Sales Update (December 2022)
2023/01/18
- Summary
- Commentary
Summary
- December’s Global Light Vehicle (LV) selling rate fell for the fourth consecutive month to 82.7 mn units/year, despite flat YoY raw monthly registrations. The total sales figure for 2022, 81mn vehicles, came in slightly below that of 2021 (‐0.6%) due to heightened market disruptions.
- China’s market experienced a sluggish end to 2022 with December raw sales down almost 12% YoY, largely attributed to increased disruption and uncertainty with the abrupt ending to the zero‐Covid policy. North America and Europe both showed positive YoY growth for December, although both remained shy of their 2021 performances (‐7% and ‐11% respectively).
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