Summary
*An updated version of this forecast report will be released every quarter.
・According to LMC Automotive's forecast (as of the first quarter of 2021), global sales of light vehicles in 2021 are expected to increase by 12.2% year-on-year to 87 million units. Although there are concerns about vehicle supply issues due to coronavirus related lockdowns, and semiconductor shortages, we assume that most of these issues will improve in the coming months, and we expect a significant recovery from 2020, which saw the largest decline on record.
・The market is expected to continue to grow in 2022 (+5.5% y/y) and 2023 (+4.4% y/y), and reach a record high of 96 million units in 2023, despite risk factors such as the progress and effectiveness of vaccinations.
・As for the forecast for 2021 of the top 10 countries, Japan, the U.S., and China are all expected to remain almost unchanged from the previous forecast (as of the fourth quarter of 2020), while India, the fourth-ranked country, has been revised upward significantly in anticipation of strong current sales and the effects of government promotion replacement measures.
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Commentary
The source outline identifies this section as part of “Global Top 10 Countries Sales Forecast (Q1 2021)”. Based on the available local metadata, this section should be read through the lens of Sales Forecast, GlobalData, Market Forecast, India, Automotive, Suppliers 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.