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Global Top 10 OEMs Production Forecast (Q2 2024)
Global production to reach 91.3M units in 2024, 94.0M units in 2025
2024/07/26
Table of contents
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Summary
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Commentary by GlobalData
Summary
⋆An updated version of this forecast report will be released every quarter
-According to a report by GlobalData as of Q2 2024, global light vehicle production in 2024 is estimated to increase by 0.3% y/y to 91.3 million units.
-Q1 2024 LV output was a little weaker than expected - in part due to operational disruptions in Japan and Korea. Despite some offset from stronger LV output expectations in Russia, we have cut the full-year 2024 global LV production forecast by 390k from the previous forecast.
-By manufacturer, BYD will overtake Honda to become the world's eighth largest automaker in 2026, as well as Geely, which will pass Suzuki into tenth place in 2025.
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