The Global Light Vehicle (LV) selling rate dropped to 77 million units annually in February 2022, according to consultancy LMC. Even with the disruption to the world’s largest auto market due to the Chinese New Year, sales for the rest of the globe were weaker compared with the month before. Year-on-year (YoY) sales were 1% down on a poor base performance last February.
“Sales continue to be held back by supply-side issues, though underlying demand is also being eroded as the economic outlook deteriorates,” said LMC. Following are LMC observations by market. Continue reading










US Airline Passengers Up in Jan 2022. Still Down from 2020
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U.S. airlines carried 46.3 million scheduled service passengers in January 2022*, 33.2% more than in January 2021 and 34.0% fewer than in pre-pandemic January 2020, according to data filed with the Bureau of Transportation Statistics (BTS) by 23 airlines that carry more than 90% of passengers.
Domestic passengers (41.2 million) made up 89% of total enplanements, and international passengers (5.1 million) accounted for 11% of total. Omicron concerns caused the steepest US drop from the most recent pre-pandemic corresponding month since April 2021, BTS said today.
This of course was long before Putin’s war against democracy in Ukraine and economic sanctions were imposed, with more likely. Following are BTS data points. Continue reading →