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GlobalData Global Light Vehicle Sales Update (January 2025)
2025/02/21
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Summary
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Commentary
Summary
- In January, the Global Light Vehicle (LV) selling rate stood at 89 mn units/year, in line with the 2024 full-year result. Market volumes recorded a modest result of 2% growth year-on-year (YoY), with 6.8 mn units sold.
- The key markets of US, China, and Western Europe saw varying results in the first month of 2025. In the US, the market improved in the wake of economic uncertainty revolving around potential Trump tariffs. In China, sales saw a slight decline — the extension of the scrapping subsidies was unavailable to half the country’s provinces before the Lunar New Year. Finally, sales in Western Europe declined in the face of increasing political and economic headwinds; however, BEV sales posted a solid improvement.
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