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GlobalData Global Light Vehicle Sales Update (February 2026)
Global sales declined by 8.5%, 6.04mn units and the selling rate improved modestly 86.6mn units/year
2026/03/24
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Summary
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Commentary
Summary
- For February, the Global Light Vehicle (LV) selling rate improved modestly to 86.6 mn units/year, on what was a weak start to 2026. In year-on-year (YoY) terms, the market declined 8.5% YoY due to a second consecutive sharp contraction in the Chinese PV market as sales totaled 6.0 mn units globally.
- Global LV sales showed signs of faltering last month as both China and US saw a notable decline in sales. China’s steep contraction remains a key drag on global sales volumes as consumers feel the effects of less policy support, while in the US, weak EV sales and affordability concerns are weighing on LV demand. Western Europe’s February total was promising as sales rebounded from a weak January figure. Looking ahead, the recent developments in the Middle East and the ensuing shock to energy prices and supply chains present the global LV market with serious headwinds to sales this year, keeping the outlook tilted to the downside in the near term.
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