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Global new light vehicle sales will reach nearly 83.6 million units in 2023, a 5.6% increase year-over-year, according to a new forecast by S&P Global Mobility, a world leader in information, analytics and solutions. The auto industry continues to navigate supply chain challenges while confronted by several markets facing deteriorating economic conditions and fading pent-up demand. As semiconductor availability plays out, demand destruction is expected to take a more fundamental role in 2023, impacting production and the inventory restocking cycle.
Join Kristen Balasia, VP of Advisory Services, Chris Hopson, Principal Research Analyst, and Colin Couchman, Executive Director, Global Light Vehicle Sales Forecast as they share their thoughts on this topic.
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