GlobalData blog: Thailand’s automotive market faces critical challenges amidst shifting regional landscape Thailand’s position in the ASEAN automotive landscape is facing increasing pressure as regional dynamics shift. The country experienced a staggering 26% YoY decline in Light Vehicle (LV) sales in 2024, and the outlook for 2025 remains bleak, with a further contraction of 7% YoY experienced in Q1 compared to an already depressed base duri...

News  Updated at: 2025/06/12

vehicles surged 72.9% to 8,160 units (3.8%), plug-in hybrid vehicles soared 92.1% to 7,144 units (3.3%) and electric vehicles were up 34.6% to 6,958 units (3.2%). Cumulative sales for the five months of the year were up 6.1% y/y to 986,158 units. On May 8, Scotiabank maintained its previous January forecast, estimating full-year Brazilian sales of 2.55 million units in 2025 and 2.59 million units in 2026. “The market grew, in May, much because ...

News  Updated at: 2025/06/06

g commercial vehicle in May with 11,854 units, followed by the VW Saveiro with 5,536 units, Fiat Toro with 4,690 units, Toyota Hilux with 4,425 units, Chevrolet S10 with 2,772 units, Ford Ranger with 2,670 units, and RAM Rampage with 2,182 units. On May 8, Scotiabank maintained its previous January forecast, estimating full-year Brazilian sales of 2.55 million units in 2025 and 2.59 million units in 2026. “The market grew, in May, much because ...

News  Updated at: 2025/06/05

Nissan suppliers forecast lower sales for FY2026; 5 forecasting revenue declines, Trump tariffs, corporate restructuring, and “poor visibility” Six automotive parts and car body manufacturers that primarily do business with Nissan Motor Co., Ltd., have released their financial forecasts for the fiscal year ending March 2026, and five of them said their revenues were expected to decline. As for net profits, one company predicts an increase in ...

News  Updated at: 2025/05/23

y decreasing the number of its subsidiaries from the present 114 to around 100 through the consolidation or closure of bases and reducing the inventory balance by JPY 20 billion per year through centralized stock control. In regional strategies, the company will respond to a slowdown in the Chinese market, improve capacity utilization by “restructuring productions” and optimize business sizes. JTEKT has already carried out reforms such as the...

News  Updated at: 2025/05/15

Daimler Truck lowers 2025 North America sales forecast amid market uncertainty, maintains profit outlook On May 13, Daimler Truck announced that it has lowered its 2025 sales forecast for Class 8 trucks in North America to 260,000–290,000 units (down from 280,000–320,000) due to market uncertainty. It now expects 155,000–175,000 sales for its Trucks North America segment (previously 180,000–200,000), assuming customer demand improves from...

News  Updated at: 2025/05/14

GM to increase production in existing U.S. plants, hold pricing steady On April 29, after issuing the company’s Q1 2025, GM CEO Mary Barra said the company’s new guidance following the White House’s announcements on tariffs anticipates EBIT being in the range of USD 10-12.5 billion in 2025, rather than the previously forecast USD 13.7-15.7 billion, to take into account USD 4 billion to USD 5 billion in tariff exposure. To blunt the impact o...

News  Updated at: 2025/05/03

Global power semiconductor global market expected to expand to JPY 7 trillion in 2035 According to Fuji Keizai Co., Ltd. (Chuo Ward, Tokyo), the global power semiconductor market is expected to expand to JPY 7,771 billion in 2035, a 2.3-fold increase from 2024. The market growth will be led by adoption of next-generation semiconductors in on-board chargers, LiDARs (laser scanners) and other devices due to the advancement of electric vehicles (EVs...

News  Updated at: 2025/04/30

Porsche revises 2025 forecast due to U.S. tariffs and EV market challenges On April 28, Porsche AG has revised its 2025 outlook mainly due to adjusting its global supply strategy due to growing geopolitical challenges. This is especially in China, where weak demand for electric luxury cars is expected to impact 2025 performance. New US import tariffs will hurt sales in April and May 2025, and this impact is included in the updated forecast. Howev...

News  Updated at: 2025/04/29

Proton Malaysia reports March 2025 sales of 13,918 units (Domestic, Export, smart, e.MAS) Announced on April 9, 2025, Proton, Malaysia, closed Q1/2025 with 13,918 vehicles sold in March, marking a 23.9% increase MoM and a 9.6% increase YoY. As a result, the market share for group sales (domestic, export, smart, Proton e.MAS) is forecast to be 19.4%. In the first 3 months of 2025, Proton’s total sales reached 35,068 units, which equates to a mar...

News  Updated at: 2025/04/11

GlobalData blog: GlobalData reduces US light vehicle sales outlook following tariff announcements Under the current tariff implementation, significant risk would be also added to GlobalData's North American LV production forecast GlobalData has carried out detailed analysis on the likely impact of tariffs on automotive imports to the US, including both finished Light Vehicles (LVs) and automotive parts. The following represents a summary of the t...

News  Updated at: 2025/04/10

UTCC revises Thai economic forecast following Trump’s 37% reciprocal tariffs on Thai exports Reported on April 3, 2025, the University of the Thai Chamber of Commerce (UTCC) revealed that recent U.S. tariff hikes will significantly affect 4 Thai export categories: steel, steel products, aluminum, and automobiles/auto parts. As a result of the new tariffs, the total export value for these categories in 2025 is projected to reach USD 4.08 billion...

News  Updated at: 2025/04/04

cturing facility in Normal, Illinois (up 4.5% from Q1 2024) and delivered 8,640 vehicles (down 36.4%) during the same period. The diminished delivery numbers reflect less van uptake by its customer and key investor, Amazon, and the confusion caused by the wildfires in California, one of Rivian core markets. The company’s production and delivery results for Q1 are in line with Rivian's forecast of approximately 14,000 vehicles produced and appro...

News  Updated at: 2025/04/03

GM halts production at Alvear plant in Argentina due to low demand in Brazil On March 25, General Motors confirmed a temporary production halt at its Alvear plant in Santa Fe, Argentina, due to a sharp decline in vehicle exports to Brazil, its main international market. The suspension began on March 25 and will continue until April 14, affecting the Chevrolet Tracker, the sole model produced at the facility. While Argentina's domestic market is s...

News  Updated at: 2025/03/28

GlobalData blog: Insights from InterBattery 2025: Korean battery manufacturers showcase innovations amidst global market challenges GlobalData attended the 2025 InterBattery event in Seoul, Korea, from March 5-7, 2025. This year, 688 exhibitors participated, including Korean battery cell manufacturers, raw material providers, and manufacturing equipment suppliers. Concurrently, the Korean Battery Industry Association (KBIA) hosted The Battery Con...

News  Updated at: 2025/03/14

Porsche to invest additional EUR 800 million in product portfolio and software and battery activities On March 12, Porsche announced that it will invest an additional EUR 800 million in rescaling and in its product portfolio and software and battery activities in 2025. It intends to increase its profitability and resilience in the short and medium term. In its forecast for 2025, Porsche expects market conditions to remain very challenging and for...

News  Updated at: 2025/03/12

the Renault 5), as a part of the EV democratization concept.  Outlook for 2025:  The Renault Group (Renault, Alpine, Dacia and Mobilize) will launch 7 new vehicles in 2025: 4 EV passenger cars (Renault 4 E-TECH, Mobilize DUO/BENTO, Alpine A390β, and one entry-level model for the international market), 3 ICE/Hybrid passenger cars (Dacia Bigster, one C-segment SUV for the international market, and one B-segment model). Two facelifts are also ...

News  Updated at: 2025/02/21

GlobalData blog: Australia: Asia’s mature market down under After a record-breaking year for the Australian LV market, Trump's protectionist trade policies and China’s slowdown are risks to the import-dependent market. 2024 was a record-breaking year for the Australian Light Vehicle (LV) market. Total sales in the country reached an all-time high of 1.21 mn units, representing a 1.8% expansion, and surpassed the 1.2 mn-unit mark for the first...

News  Updated at: 2025/02/14

members passenger car sales were down 10.8% , commercial vehicles were down 2.1% and special purpose vehicles were up 180.6% and hybrid vehicles were 904 units.  By brand sales in January based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 51.5% y/y to 3,346 units with a 17.7% market share. Ford was down 8.2% to 2,452 units with a 13% market share. Thaco Mazda was up 3.0% to 2,031 units with a 10.8% market share. Thaco Kia w...

News  Updated at: 2025/02/14

Proton, Malaysia announces sales of 9,914 vehicles (domestic + export) in January 2025 Announced on February 12, 2025, Proton, Malaysia closed January 2025 with sales of 9,914 vehicles (domestic + export + Proton e.MAS + smart cars), lower than 12,882 units (ICE cars only) recorded in January 2024. The drop was in line with the industry downturn. Based on the estimated TIV figure, Proton’s market share is forecast at 19.7%, an increase from the...

News  Updated at: 2025/02/14