No Joy in May Global Light Vehicles Sales

Global Light Vehicle Sales May 2022 – Courtesy LMC Automotive Consultancy

Ken Zino of AutoInformed.com on No Joy in May Global Light Vehicles Sales

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In year-over-year comparison terms, sales were down 10%. In China, the reopening of manufacturing facilities in mid-April supported a rebound in sales for a moment. In the US, the industry is beset with problems, many of them self-inflected, including record high transaction prices, low inventory, and low incentives.

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