The global light vehicle market (PC+LUV) increased by 9.8% in the first quarter of 2023
- Partly thanks to the restocking of new vehicles carried out in 2022 (production surplus of 3.388 million units last year), global sales of new vehicles rose sharply in the first quarter of 2023, after a year 2022 that had seen global vehicle sales fall by 2%, achieving the lowest sales volume since 2011.
- According to Inovev's calculations, the market of new light vehicles (PC+LUV) increased by 9.8% in the first quarter of 2023 compared to the first quarter of 2022. Sales of passenger cars (PC) increased by 10,8% over this period and light utility vehicles (LUV) by 5.8%.
- If this growth rate is maintained until the end of the year, Inovev estimates that the global automotive market (PC+LUV) could reach a volume of 80 million units in 2023, compared to 73 million in 2022, 74, 5 million in 2021, 73.5 million in 2020 and 80 million in 2019. We would thus find the sales volume of 2019. The sales volume of 2019 was not the largest of the decade because the years 2016-2017-2018 saw higher sales volumes, in the order of 83 / 85 million units per year . We are therefore still far from the pre-crisis figures. But we could get closer.
- But it should be noted that it is not certain that this rhythm will be maintained between now and the end of the year, because many sales were made in the first quarter of 2023 according to orders placed in 2022.