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GlobalData Global Light Vehicle Sales Update (May 2026)
Global LV sales dropped by 4%, 7.24 mn units and the selling rate stagnated at 89 mn units/year
2026/06/23
Summary
- In May, the global light vehicle (LV) selling rate stagnated, month-on-month (MoM), at 89 mn units/year, and remains well below the market result last year. YTD sales stand at 35 mn units, down over 4% compared to the first five months of 2025.
- Global LV sales remained subdued last month as China’s market weakness continues to weigh on overall activity. Economic headwinds and reduced policy support effectiveness are hampering Chinese demand. In the US, the LV market remains supported by high earners amid worsening macroeconomic conditions. Western Europe remains a region of growth, year-on-year (YoY), where accelerating BEV sales and a broader selection of affordable vehicles are driving higher volumes.
- Looking forward, the reopening of the Strait of Hormuz should support global sales by easing supply-chain and energy cost pressures, though the outlook remains volatile unless maritime security is fully restored and the fragile ceasefire holds.
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