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Tag Archives: LMC group
July Global Vehicles Sales Drop More Than 3M
Consumers appear to be choosing to save instead of spending amid global uncertainty. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, July Global Vehicles Sales, Ken Zino, LMC group
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ASEAN Light Vehicle Sales Up Slightly
The Indonesian LV market closed the quarter with 233,000 units sold, marking a sharp 13% drop from Q1 2018, with almost every automaker declining. The best performance was recorded by Isuzu (+776 units), led by the new TRAGA Truck, which launched in Q2 last year. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, indonesia, Ken Zino, LMC group, Q1 ASEAN sales, thailand
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Global Light Vehicle Sales Drop -5% in March
The slight nudge up came from an easing in YoY losses in China, and an improved selling rate in the USA. Consultancy LMC notes that Western Europe had a “disappointing month, while the Japanese, Korean and South American markets all continued to struggle in YoY terms.” Continue reading
June Global Light Vehicle Selling Rate Drops to 82.4 Million
The short-term trend is clear though. The recovery of the global auto industry is by no means assured given the flawed vaccination polices of nations comprising the world’s largest auto markets. Worse, the appearance of the aggressive and deadly Delta variant corona virus variant, as well as the ongoing semi-conductor shortage considerably cloud forecasting for the upcoming months. “The semiconductor shortage is clearly having an impact on selling rates in key markets. With no immediate remedy in sight, there is a risk of the situation worsening in coming months which could further disrupt the post-pandemic recovery in demand,” said LMC. Continue reading →