In the US, sales were down by 25.1% in September at 1.00 m units. In the same month in 2020, US dealers sold 1.34m units. The decline is a result of the chip shortage and a lack of inventory at dealers. Prices are rising in the US, and buyers are becoming hesitant, LMC Automotive said.
Meanwhile, sales in China hit 2.1 m units, down 16.5% on the same month last year. In the same month in 2020 Chinese dealers sold 2.5m units. The market was sluggish in September because of supply disruption, the consultants said.
In Western Europe, sales were 1.0m units in the month. This is lower than the amount sold in September 2020 by 24.2%. Dealerships cannot meet consumer demand because of the major sourcing problems the automotive industry faces. OEMs are trying to sell higher priced vehicles to counteract the lower volumes that they are able to supply, according to LMC Automotive.
Sales in Brazil and Argentina reached 172,000 units in the month. This compares with 232,000 units in the same month in 2020.