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GlobalData Global Light Vehicle Sales Update (November 2024)
2024/12/17
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate for November stood at 95 mn units/year, a small improvement on the previous month, and the best result so far in 2024. Market volumes continued to grow in November as YoY sales were up 6% compared to November 2023. YTD sales stood at 80 mn units.
- In November, sales saw sustained growth in key markets like the US and China. Chinese consumers are capitalizing on scrappage subsidies and a very competitive pricing environment. In the US, an extra selling day compared to the previous year contributed to increased sales YoY. Sales in Western Europe remain lackluster, mirroring previous trends, as political and economic challenges persist, exacerbated by recent government turmoil in Germany and France.
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