Despite downturns in July and August, sales of light vehicles and medium-/heavy-duty trucks through the first eight months of 2024 remain 1.4% above year-ago. However, Wards Intelligence partner GlobalData revised its global outlook for light vehicles downward for the fourth time this year, dropping it to 88.5 million units, citing elevated pricing and geopolitical risks as headwinds.
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Global Sales Decline Second Consecutive Month in August
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The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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