![](https://www.just-auto.com/wp-content/uploads/sites/30/2023/08/US-LV-Sales.jpg)
Summary
- The Global Light Vehicle (LV) selling rate rose for the sixth consecutive month in August, reaching 99million units/year, from a revised figure of 97 million units/year in July. With 7.3 million units sold in August, the market has grown 9.6% YoY, with 57 million units sold year-to-date (YTD). This YTD figure has also surpassed the YTD Aug 2022 total by 10.3%.
- The USA, Western and Eastern European countries all registered double digit YoY growth, partly due to 2022 being a weak base and partly because of an alleviation in supply-side issues. Chinese sales grew 5.2%, driven by a booming export sector. However, the domestic PV market in China fell slightly because of subdued consumer confidence.
![](https://www.just-auto.com/wp-content/uploads/sites/30/2023/09/Analyst-Briefing-Global-Light-Vehicle-Sales-Update-September-2023-SAAR-Chart-1024x632.png)
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