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GlobalData Global Light Vehicle Sales Update (January 2024)
2024/02/21
Table of contents
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Summary
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Commentary
Summary
- From this report onwards, we will exclude exports from the China sales total, where we had previously been including them. We have backdated this adjustment to 2018.
- The Global Light Vehicle (LV) selling rate for January slowed to 82 mn units/year (compared to a likefor- like 90 mn units/year in December 2023). 6.7 mn vehicles were sold last month (+16% YoY).
- Key markets saw selling rates fall back in January. In the US, there were signs of pricing easing back at a faster pace. In Europe, it was a mixed picture as Western Europe’s selling rate slowed while Eastern Europe’s rate improved. China’s comparable selling rate was also weaker from December to January, even though raw sales grew well, YoY.
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