The Global Light Vehicle selling rate in February fell to 81 million units a year from January’s 83 million, according to the lates data just released by LMC Automotive*. “While global supply-side constraints remain a drag on the sector’s recovery, raw monthly registrations increased to 6.5 million – growth of almost 11% year-on-year, LMC said. (autoinformed.com on: January Global Light Vehicle Sales Flat at 83 Million)

The drop in SAAR – seasonally adjusted annual rate – is from a deceleration in the Chinese market in February, affected by the Chinese New Year and the termination of tax incentives in 2022. Both the North America and Western Europe markets saw YoY improvements in performance when compared against a weak 2022, while Eastern Europe continues to suffer YoY negative growth.