The firms said the partnership will to deliver “a range of innovative solutions that will power planning and decision making for clients across the global automotive sector”.

The first of these new solutions is the Global Light Vehicle Sales Forecast. Updated monthly and offering monthly forecasts over a seven-year time horizon, the new product will cover global passenger and light commercial vehicles (up to 6 tonnes) broken down by manufacturer, make, vehicle type, segment and model representing 94% of global sales.

Pete Kelly, managing director of LMC Automotive, said: “We are delighted to now be working closely with JATO. JATO has an unrivalled base of historical sales and registration data with a unique level of detail. The new partnership gives us the opportunity to build on the strengths of both companies bringing together highly complementary activities. This is a major step in the growth of our organisations but, more importantly, it will lead to new services and offerings to clients. The Global Light Vehicle Sales Forecast represents the first of these new solutions.”