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GlobalData Global Light Vehicle Sales Update (May 2024)
2024/06/19
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate stood at 88 mn units/year in May, a modest improvement on the previous month. With 7.2 mn vehicles sold last month, this was a 1.0% improvement year-on-year (YoY), with year-to-date (YTD) sales up 3.4%.
- Key markets, China and the US, benefited from improved selling rates versus the previous month. In Europe, there was little change for the West of the region in its MoM selling rate evolution, while Eastern Europe made progress, with the latter once again supported by recovery in Russia. In Japan, the selling rate declined notably as supply issues persist.
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