Global Light Vehicle demand remained strong in June as sales hit a seasonally adjusted annualised rate of over 84m units a year, according to data issued by LMC Automotive.
The global vehicle market was again boosted by strong sales in the US and China.
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LMC noted that US sales in June moved closer to a 16m units a year SAAR and that China may have may have been some temporary boost relating to the end of quarter.
The annualised selling rate in China reached a record high of 22.1m units a year, up 5% from May. The selling rate averaged a strong 21.4m units a year for the first half of the year despite a slowing economy and tightening credit conditions. However, LMC said that automakers are understood to have delivered more vehicles to dealerships in June in order to meet their targets for the second quarter.
Elsewhere in Asia, the Japanese market slowed for the second month in a row, with the annualised selling rate falling to 5m units a recent high of 5.6m units a year in April. Volatile financial markets and waning expectations for “Abenomics” dampened sales, LMC said.
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