LMC Automotive Global Light Vehicle Sales Update (September 2022)
2022/10/17
- Summary
- Commentary
Summary
- The Global Light Vehicle (LV) selling rate ended a four-month growth trend in September by falling to 86mn units/year from an adjusted high of 91 mn units/year seen in August. The year-to-date (YTD) raw sales figure was down 2% from the weak base of 2021.
- Despite a reduced global selling rate in September, China’s market remained robust with YTD growth of 8%. North America and Europe, however, continued to struggle YTD as supply issues held back these markets.
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