At 86 million units annually, October’s Global Light Vehicle (LV) selling rate was consistent with July, according to data just released by the respected LMC Automotive* consultancy. October’s meager sales of 7.1 million units was nonetheless an improvement of 10% YoY (year‐on‐year).

Year to date (YTD) sales are off ~1% compared to the weak covid-afflicted base of the 2021 plague. “Despite China experiencing a third consecutive month of slowing selling rates, YTD sales were up 8%. However, North America and Europe continue to struggle YTD as supply constraints hamper performances ahead of worsening macroeconomic conditions,” LMC observed.