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GlobalData Global Light Vehicle Sales Update (June 2024)
2024/07/17
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Summary
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Commentary
Summary
- The Global Light Vehicle (LV) selling rate reached 89 mn units/year in June, not only an improvement on the previous month, but the best result so far this year. With 7.6 mn vehicles sold, June marked a 2.2% decline year-on-year (YoY), although year-to-date (YTD) sales were up 2.3%.
- Sales accelerated in China last month with the price war continuing, while in the US sales staggered as a result of a cyberattack affecting dealerships. Europe saw a rise in selling rates, thanks to improvements in both East and West Europe. Meanwhile, Japan recorded lagging sales in the face of supply issues and a subdued macroeconomic climate.
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