GlobalData Global Light Vehicle Sales Update (April 2024)
2024/05/17
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate stood at 86 mn units/year in April, a modest improvement on the previous month. With 6.8 mn vehicles were sold last month, this was a 2.8% improvement year-on-year (YoY), with year-to-date (YTD) sales up 3.8 %.
- At the regional level, selling rates continued to see mixed results. In the US, the selling rate grew month-on-month (MoM). China’s selling rate eased despite the continuation of the price war. Meanwhile, Europe also saw a moderate contraction in the selling rate in April versus that of March. In Japan, sales bounced back after production disruption at key brands.
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