Oxford, UK – World car registrations in March 2021 were up 52.7% compared with the same month in 2020 at 8.37 m units, according to LMC Automotive.
World car registrations rebounded in March
In the US, sales were 63.9% higher in March, at 1.61 m units. In the same month in 2019, US dealers sold 0.98m units. LMC Automotive said that this is the highest rate for March since it started collecting data. Growth was driven by the US stimulus package, and purchases that were delayed from February because of bad weather then.
In China, LMC says sales reached 2.3m units, up 71% on the same month last year, when Chinese dealers sold 1.4m units. This large jump is because of lockdowns in March 2020 that halted economic activity. Consumer confidence is up, but deliveries to dealers have been hit by chip shortages, the consultants said.
Western European sales of 1.5m units in the month represent an increase of 65.5% on March 2020. Once again, this figure is large because of the lockdowns that started in March 2020. Sales are still sluggish because of the coronavirus crisis.
Sales in Brazil and Argentina reached 211,000 units in the month. This compares with 173,000 units in the same month in 2020. Sales in Brazil are slowing as the coronavirus pandemic increasingly affects the country. Argentina's numbers are up because of the very depressed state of the market in 2020.