Global car sales fell in Q1 2022, while China�s OEMs gained market share

Emilycoramkt20 Oct, 2022Other

According to JATO Dynamics? data for 53 markets, 17 million vehicles were registered in Q1 of 2022. This marks an 8% increase on sales in the same period in 2020, but 16% less than the 20.3 million units registered in 2019. While the industry rebounded strongly in 2021 as pandemic-imposed restrictions were eased, the combined impact of ongoing chip shortages, the worsening inflationary crisis, and the conflict in Ukraine are proving to be even more challenging for the industry...