LMC Automotive offers timely reporting of the latest data sets and estimates for several automotive markets around the world including, global car sales, the Chinese, Indian and ASEAN automotive markets and the Western European Diesel market.
The Global Light Vehicle selling rate for September stood at 88.7 mn units/year, a result largely in line with the previous two months. In year-on-year terms, total sales grew by 0.5%, a fairly good result considering the pandemic-induced challenges faced by the industry at present, though results are uneven across the globe.
West European car registrations grew by a negligible 0.1% year-on-year (YoY) in September, despite one additional selling day versus the previous September. The selling rate broke its recent upward trend, slipping to 12.7 mn units/year, as inflated post-lockdown activity made way for the sluggish economic reality.
With a steep decline in diesel in the UK car market in September (Europe’s biggest September market) the region saw a new low point in the current decline, at 25.8%, losing 1.8 points of share compared with August. Aside from the UK, volume decline was modest, with the UK accounting for two fifths of the total YoY regional decline.
The ASEAN5 Light Vehicle market contracted by 24% year-on-year in August. But when contrasted with July, sales increased by 4%, marking the fourth consecutive month of growth, following strong month-on-month upturns in May (+92%), June (+63%) and July (+25%). In volume terms, sales in August hit 200k units, after dropping below 100k units in both April and May.
China’s Passenger Vehicle (PV) sales (i.e., wholesales) rose by 5.6% year-on-year (YoY) to 1.81 mn units in August. The strong momentum in the Light Commercial Vehicle (LCV) segment continued in the month, with an increase of 31.5% YoY to 0.31 mn units, boosting the result for the year to August to +9.7%. The overall Light Vehicle (LV) market ended August with growth of 13.4% YoY, on total sales of 2.12 mn units.
India’s Light Vehicle (LV) wholesales improved further in August, climbing by 15% year-on-year (YoY) to 268k units. This also marked the first positive growth since December 2018. The rate of recovery in the post-lockdown and pandemic environment reached 91% of the average monthly volume before COVID-19 as OEMs continuously fulfilled pent-up demand and built up inventory volumes in readiness for the festival season.