Connected Car
SummaryThe Global Light Vehicle (LV) selling rate rose for the fifth consecutive month in July, reaching 95 million units/year from a revised figure of 94 million units/year in June. Despite continued year-on-year (YoY) growth, global LV sales for July recorded a moderate 5.5% YoY increase following a run of stronger growth over previous months. CommentaryNorth AmericaThe US Light Vehicle market continued to show strong levels in July, as sales increased by 14.7% YoY, achieving 1.3 million units. The July selling rate was 1.6 million units/year, down nearly 13% from a strong 1.8 million units/year in June. The selling rate also increased dramatically, from 2.1 million units/year in June to 2.5 million units/year in July.