Global market balance 9 months 2022
- The global automotive market (PC+LUV) recovers part of its loss in the third quarter of 2022 after two mediocre years, surpassing 2021 levels and approaching 2020 levels.
- It should be recalled that the first half of 2020 (30.4 million sales) had been exceptionally poor due to the Covid 19 crisis (closure of car factories and dealerships), and the second half of 2020 had recovered some of the ground lost in the first half. Therefore, the second half of 2020 had been excellent (41.5 million sales).
- The year 2020 ended with a total of 71.9 million sales (compared to 82.2 million in 2019 and 86.0 million in 2018).
- The year 2021 showed a completely different physiognomy. The first half of the year was excellent (38.9 million sales), as it was a period of continuous catch-up in line with the second half of 2020. The second half of 2021, on the other hand, suffered from the semiconductor crisis (which led to production and delivery delays). Sales volume did not exceed 35.5 million units.
- The year 2021 had ended with a total of 74.4 million vehicles sold.
- The year 2022 continued to suffer from the semiconductor crisis, but to a lesser extent than 2021, with the first half ending with a sales volume of 34.1 million units (a volume that was between 2020 and 2021). The second half of the year seems to present a comparable pace. For example, the third quarter of 2022 recorded 18.5 million sales, compared to 19.7 million in 2020 and 16.8 million in 2021. By the end of September 2022, the global market has still shrunk by 5.6% year-on-year, 85% of which are internal combustion engine vehicles or HEVs, 10% BEVs and 5% PHEVs.
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