Russia's Ukraine invasion could pressure light-vehicle sales growth:
Russia's invasion of Ukraine presents a"substantial risk" to the recovery of global light-vehicle sales this year, auto industry consultants J.D. Power and LMC Automotive said in a joint forecast on Friday.
The supply and prices of vehicles across the globe will be under added pressure based on the severity and duration of the conflict in Ukraine, said Jeff Schuster, president of Americas operations and global vehicle forecasts, at LMC Automotive. The auto industry is still grappling with a global chip shortage that has forced them to cut back production, although high car prices have offset that impact to an extent.
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