China and India’s market travails weigh heavily on global light vehicle sales, says GlobalData

China and India’s market travails weigh heavily on global light vehicle sales, says GlobalData
The slowdown in global light vehicle (LV) sales shows no signs of abating this year. Last month a total 7.36 million vehicles were sold globally, which was 4.1% lower than the 7.7 million sold in the same month last year. Year-to-date (YTD) sales of 74.2 million LVs have been recorded, which is 4.8% down on last year, according to GlobalData, a leading data and analytics company.China and India, two markets that original equipment manufacturers (OEMs) and suppliers are placing heavy bets on,...

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