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Car sales in Western Europe sold at an annual rate of 12.1 million units/year in November,* a continuation of the improvement seen in October, according to the latest data released today by the respected GlobalData consultancy.** The year-on-year (YoY) comparisons showed sales volumes were down 3.5%. Italy and France were the biggest losers in November as sales were down 10.8% and 12.7% YoY respectively. The UK as well as Germany also saw declines, while growth in Spain remains strong with registrations in November up 6.4% YoY.
“Year-to-date (YTD) sales experienced a slight decline of 0.2% compared to the first eleven months of 2023. The recent collapse of both the German and French governments has heightened political uncertainty in the region. Despite support coming from rate cuts and new model introductions in2025, the combination of political headwinds, high pricing and challenges faced by domestic manufacturers will continue to challenge market activity in the short term,” the GlobalData European Light Vehicle Sales Forecasting Team said. Continue reading
US Light Vehicle Sales Strong in November
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Light Vehicle (LV) sales* in the US grew by 11.8% year-on-year (YoY) in November, to 1.37 million units, according to data released by the respected GlobalData consultancy.** November had one more selling day compared to November 2023. However, it was the strongest sales result since May of 2021 as the Biden Administration job-creating recovery continues.
“Despite some uncertainty over the longer-term outlook for the industry amid potential changes in policy, November sales delivered a strong performance. Volumes were reminiscent of pre-pandemic times, after several years in which the market has been subdued. Continue reading →