Global Top 10 Countries Sales Forecast (Q3 2025)

Global sales to increase 2.5% to 90.99M units in 2025, up from previous forecast

2025/10/29

Summary
Commentary by GlobalData

Summary

⋆An updated version of this forecast report will be released every quarter

-According to a report by GlobalData as of Q3 2025, global light vehicle sales are forecast to increase by 2.5% YoY to 90.99 mn.

-Since our previous report, the global LV market forecast has increased markedly over the 2025-26 period as a result of two main considerations: 1) the aforementioned trading agreements reached between the US and its key trading partners; and 2) assumptions surrounding the government incentivization of the Chinese LV market. GlobalData now assumes that the trade-in scheme in China will be extended once again, until the end of 2026.

-The Trump administration’s policy approach to trading partners added greater uncertainty for the US LV market’s 2025 outlook. However, OEMs have adopted a wait-and-see approach, such that vehicle transaction prices have not been cranked up, while deals coming through with trading partners are also helping to de-escalate pricing pressures moving forward. Recent agreements between the US and trade partners, including the EU, Japan and Korea, see import tariffs being set at 15%.

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