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GlobalData Global Light Vehicle Sales Update (October 2023)
2023/11/17
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Summary
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Commentary
Summary
- The Global Light Vehicle (LV) selling rate for October was broadly in line with an upwardly adjusted September figure, at 94 mn units/year. In YoY terms, the market was up nearly 11% last month, and up over 10% YTD.
- While growth in the USA was impacted by the UAW strikes through October, other key markets saw double-digit growth, although this is partly due to 2022 being a weak base for comparison. Chinese sales (wholesale) grew 10.7% YoY, led by strong exports but also supported by the burgeoning domestic market.
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