The European auto industry is in good shape as sales growth predictions rise. But the IAA Mobility show was a warning of an imminent invasion by Chinese cars and SUVs.
LMC Automotive estimates U.S. new light-vehicle sales reached a SAAR of 15.1 million units in October, representing an increase of 11% from October 2021, but a decrease of 14% from October 2020. LMC is projecting full-year 2022 new light-vehicle sales of 13.7 million units.