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TM$180-2.27%GM$48.61+2.44%F$12.02-1.53%TSLA$180-1.30%BYDDY$63.04+1.06%RIVN$11.08+2.07%NIO$4.95+2.13%STLA$21.82-0.56%TM$180-2.27%GM$48.61+2.44%F$12.02-1.53%TSLA$180-1.30%BYDDY$63.04+1.06%RIVN$11.08+2.07%NIO$4.95+2.13%STLA$21.82-0.56%
Reports Archive2023-10-27Clean view

Global Top 10 Countries Sales Forecast (Q3 2023)

Global sales to increase 8.4% to 87.86M units in 2023, up from previous forecast

Sales ForecastGlobalDataMarket ForecastAutomotiveSuppliersWorldwide OEM PlantsStatisticsProductionSalesOEMMarket TechnologyModel change plans

Summary

⋆An updated version of this forecast report will be released every quarter

-According to a report by GlobalData as of Q3 2023, global light vehicle sales are forecast to increase by 8.4% year-on-year to 87.86 million units in 2023. The forecast was revised upwards by almost 1.5 million units from the previous forecast, mainly in China and India.

-The disruption caused by supply constraints due to the semiconductor shortage has improved significantly, and Europe and North America, which were particularly badly affected, have shown a double-digit year-on-year recovery and are expected to remain strong in 2024.

-Short-term sales forecasts for China have been revised significantly upwards in anticipation of an increase in consumer consumption driven by stimulus measures and the introduction of new products by OEMs.

Local Reconstruction Note

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Commentary by GlobalData

The source outline identifies this section as part of “Global Top 10 Countries Sales Forecast (Q3 2023)”. Based on the available local metadata, this section should be read through the lens of Sales Forecast, GlobalData, Market Forecast, Automotive, Suppliers, Worldwide OEM Plants and the visible introduction, figures, captions, and tables.

Related Local Signals

Nearby records in the local archive include Smart Energy Week 2026: Batteries and Charging; Electrified Vehicle (xEV) Sales Monthly Report (March 2026); NEV Overseas Expansion Conference; GlobalData Global Light Vehicle Sales Update (March 2026). These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.