Global light vehicle market sees growth as semiconductor crisis eases, with a 25% YoY increase
US and China experience positive sales growth, benefiting from increased vehicle availability
Western and Eastern Europe show YoY sales growth, supported by improved supply and deliveries
Despite the projected 6% growth this year, the global market remains below pre-pandemic levels
Manufacturers can now meet backlogged orders and replenish stocks as supply shortages ease
Demand weakness becomes a concern as attention shifts from supply constraints