The Global Light Vehicle (LV) selling rate rose to 89 million units/year in May (aka SAAR), from 85 million units/year in April according to data just released by the respected LMC Automotive* consultancy. (AutoInformed: Global Light Vehicle Sales Soar in April 2023; May US Light Vehicles Sales Forecast Up 20%)

“US LV sales grew 23.5% YoY to 1.4 million units as OEMs raised vehicle production on the back of fewer supply issues. China performed stronger than the first four months of the year with a selling rate of 29.6 million units/year. All major West European countries reported positive YoY growth as their markets continue to recover with the easing of supply issues,'” LMC said in copyrighted report for clients.