GlobalData Global Light Vehicle Sales Update (September 2024)

2024/10/17

Summary
Commentary

Summary

The Global Light Vehicle (LV) selling rate for September stood at 90 mn units/year, in line with August’s results. In YoY terms, market volumes are continuing to trend downwards as sales volumes were down circa 4% versus September 2023. Furthermore, YTD sales are now only fractionally up compared to the same period last year.
In September, sales were down across most regions. Sales in China fell 5% YoY, with the economy faces headwinds and despite the ongoing scrappage incentive. In the US, sales fell YoY for the month, with this September having fewer selling days. Finally, sales in Western Europe remained underwhelming, as a weak economy and high vehicle prices dragged on LV market activity.

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