Annual sales rate at under 13 million units for first time since May 2020.
As the microchip shortage worsened, US sales were impacted severely in August. Volume plunged to the lowest level in 2021, to 1.08 million Light Vehicles, according to LMC Automotive, the leading independent automotive global forecasting and market intelligence company. This represents a 17.8% YoY decline, the worst since August 2020 and the lowest volume in the month of August since 2011. The annualized rate fell to just under 13 million units for the first time since May 2020.
Traditionally one of the strongest months in the
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