On the morning of October 14, news research firm LMC Automotive released data showing that global car sales in September increased by 4.5% year-on-year; the agency believes the result is “stableâ€.
LMC expects sales of light vehicles to be 83.5 million units in 2013, an increase of 2.8% compared to sales of 81.2 million units in 2012. Large commercial trucks are not included in light vehicles.
In the comparison of various markets, China's car sales in September was 1.9 million, ranking first, followed by sales of 1.1 million in the US market.
LMC said its report used preliminary data on car sales in the Chinese market in September. Sales in the Chinese market increased by 18% in September, while the US market fell by 4%.
However, the annualized sales rate of these two markets has increased. The Chinese market has grown from 19.2 million last year to 22.1 million, and the US market has grown from 14.5 million last year to 15.2 million.
In the Western European auto market, the market has not recovered as much as the US market from the economic downturn from 2008 to 2010.
LMC expects the annual sales of cars in the Western European market to be 12.7 million units, down 3% from last year's 13.1 million units. It also expects car sales in Western Europe to grow slightly to 12.8 million next year; local car sales will not return to 14.4 million in 2011 before 2017.
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