Tag: GlobalData

Western Europe Diesel Car Share Rebounds in October – GlobalData Report
Industry & Business, News

Western Europe Diesel Car Share Rebounds in October – GlobalData Report

According to data from GlobalData, the diesel car share of Western European car sales rebounded slightly in October, reaching a provisional figure of 10.7%. This marks a recovery from September’s low point but remains comparable to levels seen earlier this year in March and June. The year-on-year decline of diesel cars slowed down since Q2 of the current year, registering at 2.5% for October. Despite this trend, actual sales figures saw a decrease; around 100,000 diesel vehicles were sold in October compared to approximately 122,000 units during the same period last year (a reduction of 22k cars). Cumulative sales up until October amounted to 1.1 million units, a decline from January-October 2024 figures which stood at 1.37 million. This represents an overall year-on-year drop of 20%. Only...
Global Light Vehicle Sales Reach Second-Highest Level in October
Industry & Business, News

Global Light Vehicle Sales Reach Second-Highest Level in October

The global light vehicle (LV) market saw its second-highest sales month of the year in October, with an annualized selling rate of 96 million units. This performance was slightly below August's peak but marked a 3% growth compared to the same period last year, reaching a total of 8.2 million vehicles sold globally.Year-to-date (YTD) figures show that 75 million vehicles have been sold as of October, representing a 5% increase from the corresponding period in 2024. Key markets such as the US, Western Europe, and China saw varied outcomes: the US experienced a notable decline attributed to the termination of EV tax credits, while sales in Western Europe showed improvement thanks to new electrification incentives. In contrast, China reported record results for October due to consumers purchas...