Global light vehicle sales down sharply in January

The Western European LV market saw a modest slowdown in January as sales totaled 986k units, down 2.0% YoY. The monthly selling rate decelerated to 12.96 million units/year. Across the five largest Western European markets, sales trends were broadly in line with December, with the main deviation coming from Germany. Germany’s strong momentum cooled in January, with sales falling for the first time in more than six months. France recorded a further decline as political uncertainty continued to weigh on deman ...