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LMC Automotive Global Light Vehicle Sales Update (February 2023)
2023/03/16
Table of contents
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Summary
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Commentary
Summary
- The Global Light Vehicle (LV) selling rate in February fell to 81 mn units/year from January’s figure of 83 mn units/year. While global supply‐side constraints remain a drag on the sector’s recovery, raw monthly registrations increased to 6.5 mn units — growth of almost 11% year‐on‐year (YoY).
- The month‐on‐month (MoM) decline in SAAR performance is largely attributed to a deceleration in the Chinese market in February, affected by the Chinese New Year and the termination of tax incentives in 2022. Both the North America and Western Europe markets saw YoY improvements in performance when compared against a very weak 2022, while Eastern Europe continues to suffer YoY negative growth.
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