North America once again led the markets, up 8.0% from prior-year to 1.7 million units, accounting for 19.4% of global deliveries. June marked the region’s 25th consecutive month of year-over-year growth.
What once was considered a vehicle used strictly for farming or construction, the SUV now is considered a status symbol for consumers. Output surged 25.1% in the month to 193,885 units.
A late celebration of the Chinese New Year largely contributed to the steep decline. Factories were shut down for several days to observe the holiday that normally falls in January.