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GlobalData Global Light Vehicle Sales Update (June 2023)
2023/07/18
Table of contents
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Summary
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Commentary
Summary
- The Global Light Vehicle (LV) selling rate rose to 93 mn units/year in June, from 89 mn units/year in May. All major markets outperformed June 2022 for just the second time thus far in 2023, supported by the easing of supply constraints. Global LV sales for last month stood at 7.9 mn units (+10% YoY).
- For a second consecutive month, US LV sales registered 1.4 mn units (+20% YoY) as OEMs saw improved vehicle production levels following the easing of supply chain issues. China had the strongest month of the year so far, with a selling rate of 33 mn units/year. All major West European countries reported positive YoY growth as their markets continue to recover from the market headwinds in 2022.
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