Global Light Vehicle Sales Decline in March Due to Weakness in US and China
Global Light Vehicle (LV) sales declined by 3.5% year-on-year in March 2026 to 8.2 million units, driven by sharp drops in the US and China. While Western Europe saw strong growth, the overall market was weighed down by soft consumer confidence and unwinding incentives in China, and a high base in the US from prior tariff concerns. Higher energy prices and ongoing Middle East conflict are expected to further impact the market in H2 2026.
Topics: China Sales Energy Prices Global Vehicle Market Market Outlook US Sales