Global new light vehicle sales will reach nearly 83.6 million units in 2023, a 5.6% increase year-over-year.
The industry continues to be influenced by challenges such as supply chain pressures coupled with economic headwinds.
The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 13.0 million units, down 3.5 million units from 2020.
Aftermarket Analytics will provide services to enhance DRiV’s demand forecasting and commercial processes.
The Joint Channel Forecast Model, produced jointly by AASA and the Auto Care Association, predicts sales to total $316.4 billion through 2020.