Oxford, UK – World car registrations were down 1.2% in February 2022 compared with the same month in 2021 at 6.57 m units, according to LMC Automotive.
Global auto market continued its decline in February
'Even after accounting for the disruption to the world's largest market due to the Chinese New Year, sales for the rest of the globe were still weaker than the month before,' said LMC Automotive.
In the US sales were lower by 10.1% in February. They reached 990,000 units. In the same month in 2021, US dealers sold 1.1m units. Fleet sales were up slightly and selling prices fell a little, but sales were still 17.6% higher than in February 2021.
In China, LMC said 2.5 m units were sold, up 4.4% on the same month last year , when dealers sold 2.4m units. The chip shortage is easing, it said, and this is helping passenger vehicle sales remain resilient.
Sales in Western Europe sales were 900,000 units in the month. This is lower than the amount sold in February 2021, a decline of 2.8%.
Sales in Brazil and Argentina fell to 158,000 units in the month. This compares with 209,000 units in the same month in 2021.