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GlobalData European Passenger Car Sales Update (March 2025)
2025/04/08
- Summary
- Commentary
Summary
- In March, the PV selling rate for Western Europe fell to 11 mn units/year, from 12.6 mn units/year in February. Sales volumes were up 2% year-on-year (YoY) overall; however, sales were mixed across the region. Sales in Spain, the UK, and Italy experienced significant YoY growth, while France and Germany faced a decline in sales once more. YTD sales now stand at slightly above 3 mn units, though this represents a slight decline on the same period in 2024.
- The Western European PV market continues to struggle amidst increasing economic headwinds. US President Donald Trump's implementation of tariffs on automotive imports, along with broad tariffs affecting all US trade partners, has heightened global trade war concerns. This situation presents substantial challenges and potentially harmful consequences for various Western European economies, many of which depend heavily on the US for a significant portion of their exports. Added to which, the recent the stock market sell off will have negative wealth effects.
- GlobalData has lowered the outlook for 2025, projecting car sales to fall short of 2024’s total market, though the economic situation is currently very fluid, and an even weaker market result cannot be ruled out.
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