Global growth is still slow In October 2014, the total sales volume of new light vehicles in the global auto market was 7,301,558 units, an increase of 2.7% from the previous year's 7,109,810 units, slightly lower than the 2.9% in September. Since the beginning of this year, the monthly growth of global light-duty vehicles has mostly increased by 2% to 6%. In August, it hit a new low of 1%, and in September it began to rise. Hexamethylcyclotrisiloxane (D3) Hexamethylcyclotrisiloxane,Factory Cheap Hexamethylcyclotrisiloxane,Cyclics Chemicals Hexamethylcyclotrisiloxane,Soluble Solid Hexamethylcyclotrisiloxane Zhejiang Sucon Silicone Co.,Ltd. , https://www.hycsilicone.com
From January to October this year, a total of 71,977,393 light-duty vehicles were sold worldwide, compared with 69,843,558 vehicles sold in the same period last year, an increase of 3.1% year-on-year.
Based on the October sales rate, LMC speculated that the total sales volume for the full year of 2014 was 88,510,795 units. Based on the overall performance from January to October, it is estimated that the annual sales volume will be 86,323,378 units. In October 2013, the sales rate annualized SAAR was 84,364,234 units, which will increase by 2.3% year-on-year.
Overall, the growth rate of major global auto markets in October was not high. China and the United States were both less than 7%. Western Europe was still recovering, and Eastern Europe and South America continued to decline.
China's full-year forecast for the rebound in LMC's China market for light vehicle sales in October was 2,058,046 units, up 6.7% from October's 1,928,491 units. Compared with the lowest point of 3.7% in September, it recovered slightly in October. From January to October, the cumulative sales of light vehicles in the Chinese market was 19,152,678 units, 8.1% higher than the 17,723,417 units in the same period last year.
In the month, passenger car sales increased by nearly 10%, while light commercial vehicles fell by 5%.
In October this year, the Chinese market contributed 28.2% of the global light vehicle sales, a significant increase from the 27.0% in September, indicating that the relative performance of the Chinese auto market last month was acceptable; the previous October reached 26.6%. The above figures rank first in the world. LMC said that the government's promotion of the national standard and the slowdown in economic growth are the main reasons for the slowdown in the auto market. .
Based on the October sales rate, LMC speculated that China's total annual sales in 2014 was 24,440,471 units. Based on the cumulative sales performance, it is estimated that the annual sales volume will be 23,291,913 units. In October 2013, the sales rate annualized SAAR was 21,875,132 units, which will increase by 6.5% year-on-year.
In the US auto market, sales of 1,205,193 vehicles in October increased by 6.1% year-on-year to 1,278,629 units; cumulative sales in the first 10 months increased by 5.5% from 13,973,221 units to 13,686,920 units.
Europe has recovered from the economic crisis. In the Western European car market, sales in October increased by 5.9% from 1,095,529 units to 1,159,620 units; cumulative sales in the first 10 months increased by 5.7% from the year of 10,862,257 units to 11,482,161 units.