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 (LV) selling rate for December was 91 mn units/year, a relatively positive result given the continued backdrop of the coronavirus pandemic. In year-on-year (YoY) terms, the global market rose 2.3% last month.
The West European selling rate rose to 14.4 mn units/year in December, with car registrations down 3.8% year-on-year (YoY). Another surge in COVID-19 cases across the region damaged any hope of December providing some meaningful improvement on the full-year figure, which ended 2020 24.5% below 2019’s result. The German selling rate improved last month, up to 4.2 mn units/year. In the UK, the selling rate rose slightly to 2.0 mn units/year, with sales down 10.9% YoY.
October’s diesel share of Western Europe new passenger car sales is confirmed at 26.9% with November coming in at 25.7% with all countries bar Greece having reported at the time of writing. The situation continues to be one of slow overall decline, but with several markets showing stability while others, primarily those where electrified car sales are booming, show bigger YoY falls.
ASEAN Light Vehicle (LV) sales dropped by 9% year-on-year (YoY) in November 2020. Not only does this mark a huge improvement on the 81% plunge in April, but it also reverses an eight-month run of double-digit declines since March 2020. LV sales in Thailand picked up by 3% YoY last November, following 17 consecutive months of contraction.
China’s Passenger Vehicle sales (i.e., wholesales) rose by 10.9% year-on-year to 2.36 mn units in November, thus lessening the year-to-date decline to -8%. The upward momentum in the Light Commercial Vehicle segment continued in the month, with growth of 13.3% YoY to 0.35 mn units, but slowed down when compared with recent months, boosting the January-November 2020 outturn to +12.8%.
India’s Light Vehicle wholesales slowed in November, as the festival season came to an end halfway through the month. The total volume increased by 8% year-on-year to 333k units, following three consecutive months of double-digit growth, at a time when OEMs – led largely by Suzuki Group and, to a lesser extent, Hyundai – were stockpiling for the festival season and to meet pent-up demand.