Wednesday , September 28 2022

The number of new vehicles has dropped dramatically – analysts do not like the forecast


According to the consulting firm, the number of new vehicle registrations dropped to 1,015 million in October. In October, the number of registrations amounted to 1,094 million. The drop in sales has forced the company to cut growth forecasts for the automotive industry in the region in these years and beyond.

The new WLTP was launched on September 1, which forces carmakers such as Volkswagen and Renault to stop supplying some car models.

"Although many of the WLTP cars stopped in September, it was already on the market in October, it is clear that it will take a while before we see an increase in sales," said David Oakley, an analyst at LMC Automotive.

LMC Automotive has reduced sales of cars from 14.5 to 14.41 million in 2018. cars. In 2019, 14.54 million units will be sold, according to the company's forecasts. cars.

According to LMC Automotive's forecasts, forecasts of slowing economic growth in some important markets are taking into account.

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