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S&P Global Mobility is likely to lower its 2022 global light vehicle forecast by 2.6 million units due to the impact of the Russia-Ukraine War. Parts shortages from Ukrainian suppliers could reduce European auto production by 700,000 units.
According to the Center for Automotive Research, the crisis in Ukraine may result in shortages and price increases for neon gas, palladium, aluminum and nickel. Numerous automakers suspended business activities in Russia. European auto plants reduced or stopped production.
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. U.S. new light-vehicle sales in January reached a SAAR of 15.0 to 15.2 million units, according to estimates from NADA and LMC Automotive.
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - LMC...
LMC Automotive forecasts global light vehicle sales of 86.2 million units in 2022, representing an increase of 6.2% compared to 2021. The National Automobile Dealers Association predicts U.S. new light vehicle sales will increase just 3.4% to 15.4 million units in 2022.