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GlobalData Global Light Vehicle Sales Update (October 2025)
2025/11/21
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Summary
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Commentary
Summary
- For October, the Global Light Vehicle (LV) selling rate saw its second strongest month of the year, with 96 mn units/year, fractionally behind the August result. In year-on-year (YoY) terms, the market grew 3% as sales reached 8.2 mn units globally. Year-to-date (YTD), 75 mn vehicles have been sold, up 5% from the same period in 2024.
- The key markets of the US, Western Europe, and China experienced mixed results. In the US, sales saw a notable decline due to the removal of EV tax credits. Sales in Western Europe continued to improve with the introduction of new incentives supporting electrification, and some improvement in consumer confidence. Finally, sales in China saw a record result for the month as consumers rush to purchase vehicles before the NEV tax discount decreases next year.
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