Global car sales showed a recovery in the first half of this year against a weak backdrop last year. We are reiterating our expectations of 7 to 9% growth in light vehicle sales in 2021. We believe that the continued headwinds from the chip supply shortages may slow and should not deter the recovery while electrified vehicle sales continue to expand

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https://think.ing.com/articles/automotive-sector-update-recovery-under-way-stirred-but-undetered