OTHER

USED LCV SALES ARE GROWING, WHILE NEW LCV SALES ARE FALLING

According to the marketing agency NAPI, over 4 months of 2023, the used light commercial vehicle market grew by 16%, from 120.1 thousand units at the end of January-April last year to 139.4 thousand units. The new vehicle market decreased by 17.4% for the same period. So over 4 months of the last year, 32.6 thousand new LCV were sold, while over 4 months of the current year – 26.9 thousand units. Chinese manufacturers are not actively developing this segment yet, unlike the car and truck market. Nevertheless, over the year, the share of Chinese vehicles increased from 1% to 7.4% in the new LCV market.