GlobalData Global Light Vehicle Sales Update (March 2024)
2024/04/17
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate stood at 85 mn units/year in March, broadly in line with the previous month. 8.0 mn vehicles were sold last month, a 2% improvement year-on-year (YoY), with year-to-date (YTD) sales up over 4%.
- It was a mixed picture at a regional level in terms of selling rate evolution. In the US, the selling rate was a little lower month-on-month (MoM), though it remains solid, supported by continued easing of prices and the increasing of incentives. China’s selling rate accelerated from a weak February, while Europe saw a moderate decline in selling rates.
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