Global Auto Sales Recovery Stalls Again in October While Sales Climb in North America

From scotiabank.com

Global auto sales posted another month-over-month decline in October following a similar pull-back in September, still driven by a deceleration in Asia Pacific (-4.7% m/m sa) and South America (-9.2% m/m sa). Auto sales in China contracted again by -7.0% m/m (sa) in October as the impact of the lockdown lingers—making it the third consecutive month of decline—but still up 11.2% from a year ago. Experiencing a series of slowdowns in the second half of the year, South American auto sales plunged across the board in October, with Brazil and Peru leading the drop. Sales recovery in Western Europe also lost some ... (full story)