-
Global Auto Sales Posted a Positive Month in February But Headwinds Are Mounting
Global auto sales posted a 4.0% m/m (sa) improvement in February marking a fifth consecutive month of gains. While the pace of prior month gains has been relatively stable, there have been wild fluctuations across markets on a month-over-month basis with supply constraints (and COVID-19 factors, to a lesser extent), masking fundamental demand. Consider, for example, the performance across the four largest sales markets in February: US at -6.4% m/m; China at +6.7% m/m; Germany at +16.8% m/m; and Japan at +5.0% m/m (all sa). Global sales stood at 70.4 mn saar units in February—a decent pace of sales following the 67 ... (full story)