Worldwide registrations of light vehicles over the first five months of 2021
- Global light vehicle (PC + LUV) registrations for the first five months of 2021 point to an increase of 33.3% compared to the first five months of 2020 but a decrease of 5.1% compared to the first five months of 2019. The comparison with 2019 is more significant because the year 2020 was strongly disrupted by the Covid-19 crisis, which resulted in the closure of automobile factories and dealerships.
- This 5.1% drop from 2019 could mean that at the end of 2021 we could reach the level of vehicle registrations of 2019. It will however not offset the missed sales in 2020 and the postponement of purchases which were numerous last year. It should be noted that sales of passenger cars (PC) fell by 8% over the first five months of 2021, while sales of light utility vehicles increased by 7.3%, reflecting a clear difference in the demand for these two types of vehicles. It seems that companies that buy light utility vehicles had needs or opportunities to renew vehicles while individuals (or companies) preferred to postpone their projects or extend their leasing contracts.
- Among the major markets, those which managed to do better in 2021 than in 2019 are China (+ 5.9%), Australia (+ 4.6%), Russia (+ 3.6%), the United States (+ 2.6%) and South Korea (+ 2.5%).
- On the other hand, Japan (-8.9%), South Africa (-10.0%), Canada (-13.3%), India (-14.5%), Brazil ( -17.8%), Mexico (-19.5%) and especially Europe (-22.5%) are still very far from the figures recorded in 2019.
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