Following the news that the European light vehicle market declined by an unprecedented 47 per cent in March, Calum MacRae, automotive analyst at data and analytics company GlobalData, offers his view: “The picture for Europe closely mirrors that of the UK with sales finishing 47 per cent down in March compared with last year’s totals.
In 2019, global light vehicle (LV) sales were at their lowest point since 2015, at 89.8 million, which was 4.8 per cent down on 2018’s 94.3 million total. December’s sales of 8.15 million were 2.3 per cent lower than in December 2018, according to GlobalData, a leading data and analytics company.
A new study from Frost & Sullivan says that Eastern Europe and Central Asia offer very interesting opportunities for the light vehicles sector which includes passenger cars and light commercial vehicles. The study analyses this market in Kazakhstan, Uzbekistan, Ukraine, Azerbaijan, Belarus, Kyrgyzstan, Turkmenistan and Tajikistan, and finds that by 2021 the annual light vehicle sales volume in these eight countries is expected to reach nearly one million.