on the road to recovery, will once again become scarce. The Trump administration announced in February that it would impose an additional 25% tariff on steel and aluminum imports for all countries, and there is also concern that tariffs could raise vehicle prices. On the other hand, if the federal tax credit for electric vehicles (EVs) is eliminated, it will not only depress demand for EVs, but ironically, it will also increase demand for hybrid...

Automotive Sales Data  Updated at: 2025/05/23

9.3% YoY.Vehicle exports in February 2025 amounted to 81,323 units, marked a drop of 8.3% YoY. According to the FTI, exports to Asia, Europe, North America, Central America, and South America declined. Some trading partners have also reduced their orders while waiting for clarity on the U.S. import tax policy. Vehicle export in February was valued at THB 57.3 billion, down 5.5%. Vehicle exports in the first 2 months of 2025 reached 143,644 units,...

Automotive Sales Data  Updated at: 2025/05/23

ease 2.9% in MarchFive Korean automakers announced domestic new vehicle sales in March. New vehicle sales in South Korea increased by 2.9% compared to the same month in the previous year to 123,817 units. Despite the broader economic slowdown, domestic growth was supported by individual consumption tax cuts, electric vehicle subsidies, and the introduction of new models. However, exports declined slightly due to unfavorable exchange rate fluctuat...

Automotive Sales Data  Updated at: 2025/05/08

SUV sales of 54,179 units represented a 0.1 % increase, LCV sales of 20,436 units represented a 4.6% decrease and MHCV sales of 3,426 units represented a 20.8% decrease.FCAI Chief Executive Tony Weber said that the earlier inclusion of plug-in hybrid electric vehicles (PHEVs) in the fringe benefits tax (FBT) exemption played a critical role in making these vehicles accessible to more Australians. Removing that support has led to an immediate and ...

Automotive Sales Data  Updated at: 2025/05/08

volume BEVs seeing modest gains. Sales however remain well below their 2024 highs,” commented Andrew King, Managing Partner of DAC.While March was a month of change, with tariffs on the horizon and EV incentives disappearing, April will have a number of potentially impactful changes as the carbon tax is gone, and destructive U.S. tariffs are imposed on a global scale.Highlights from Q1 2025 include:•    Total sales in Q1 2025 reached nearl...

Automotive Sales Data  Updated at: 2025/05/08

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.UK passenger car sales down 10.4% in April 2025 due to fewer working days and tax changes UK passenger car sales dropped 10.4% year-on-year to 120,331 units in April 2025, according to data from the Society of Motor Manufacturer...

Automotive Sales Data  Updated at: 2025/05/07

et after February 2022, a significant deferred demand was formed. It has been being satisfied as the market is saturated with new models.In addition, expecting the increase in disposal fees from October 1, buyers are in a hurry to purchase a new car.We also should not forget about the change in the tax legislation and further decisions on the key rate. Thus, the August which is used to be "calm" due to holidays, hits a ten-year record.With a high...

Automotive Sales Data  Updated at: 2025/02/14

xports totaled 369,000 units, up 47.5% y/y; CV exports totaled 74,000 units, up 46.9% y/y; NEV exports totaled 101,000 units, up 21.7% y/y.As for last year, in January 2023, affected by the Spring Festival holiday and with consumer demand partially overdrawn, coupled with the expiration of purchase tax incentives for conventional ICE vehicles and subsidy policies for New Energy Vehicles (NEVs), the performance of the auto market was lackluster, w...

Automotive Sales Data  Updated at: 2025/02/12

manufacturers are steadily increasing their presence in the Indonesian market.GAIKINDO hopes that car sales in Indonesia will return to normal in 2025, reaching 1 million units. This was conveyed by GAIKINDO Chairman I Jongkie Sugiarto, who said that in 2025 the industry will face the challenge of tax increases. Indonesia new vehicle sales by make (Wholesales) Maker/Brand Dec. 2024 Jan.-Dec. 2024 units Share Y-o-Y units Share Y-o-Y Toyota...

Automotive Sales Data  Updated at: 2025/02/10

0% from the same period in 2022 to 239,183 units.The number of Malaysian car production for April decreased 24.8% over the previous year to 41,160 units.New car production for the first four months of 2023 increased 14.7% from the same period in 2022 to 239,554 units.Due to the end of PENJANA Sales Tax Exemption scheme and shorter working month given the festive Hari Raya Adilfitri holidays, sales and production were sharply decreased. Malaysia -...

Automotive Sales Data  Updated at: 2024/02/29

that the growth in four-wheel sales from January to July 2023 was in line with the trend of economic growth which reached 5.17 percent in semester I/2023. GAIKINDO is also optimistic that car sales can reach 1.05 million units by the end of 2023.The Indonesian government has implemented Value Added Tax (VAT) incentives (PPN DTP) for the purchase of 4-wheeled electric cars and buses. This DTP VAT incentive is valid for the tax period from April to...

Automotive Sales Data  Updated at: 2024/02/13

es increase 15.3% and 9.7% in March, respectivelyOn April 11, the China Association of Automobile Manufacturers (CAAM) announced vehicle production and sales results for March 2023 in China.In Q1 2023, the Chinese auto industry entered a promotion policy switching period. The expiration of purchase tax incentives for conventional ICE vehicles and subsidies for New Energy Vehicles (NEVs) triggered advance consumption at the end of last year and fo...

Automotive Sales Data  Updated at: 2024/02/07

73 units (43.0% share), fleet sales increased 38.7% to 1,041,350 units (54.7% share), and businesses sales decreased 1.5% to 44,031 units (2.3% share).Overall, BEVs accounted for one in six new cars registered in 2023, with the majority taken by business and fleet buyers who benefit from compelling tax incentives. In contrast, one in 11 private buyers chose a BEV. Since the end of the Plug-in Car Grant in June 2022, the UK is the only major Europ...

Automotive Sales Data  Updated at: 2024/02/06

Korea decrease 5.8% in JulyFive Korean automakers announced domestic new vehicle sales in July. New vehicle sales in South Korea decreased by 5.8% compared to the same month in the previous year to 114,818 units. Automobile demand seems to have declined due to the termination of special consumption tax cut (from 5.0% to 3.5%) for passenger cars in the end of June and continued high interest rates.By company, Hyundai Motor was the leader with sale...

Automotive Sales Data  Updated at: 2024/02/02

trend of a slight market decrease continues in 2022 as expected: 91,662 new vehicles and LCVs were sold in the first month 2022 which is 3,7% less than a year before. LCVs also decreased, but with -15% even significantly due to low business during New Year season. After the return of the 15% import tax duty for BEVs we start witnessing increase of their prices for end customers. As forecasted, we do not expect any fast market recovery this year, ...

Automotive Sales Data  Updated at: 2023/07/07

r the previous year to 68,881 units. Full-year production of 702,275 vehicles in 2022 represented a increase of 45.8% from 2021.MAA forecasts that total industry volume will decline by 9.8% to 650,000 units in 2023 after surpassing the 700,000 mark in 2022, mainly due to the expiration of the sales tax exemption on March 31, 2023. Malaysia - Sales and Production of new Vehicles Type Dec. 2022 Dec. 2021 Y-o-Y Jan.-Dec. 2022 Jan.-Dec. 2021 Y-o-...

Automotive Sales Data  Updated at: 2023/02/21

mal conditions (before the pandemic), and this is the fruit of the support and direction given by the government," Gaikindo Chairman Yohannes Nangoi stated on Monday.According to Nangoi, the increase in sales figures in the first quarter of 2022 was bolstered by the relaxation of luxury goods sales tax (PPnBM DTP) that he deemed had supported the Indonesian automotive industry. Indonesia new vehicle sales by make (Wholesales) Maker/Brand Mar. ...

Automotive Sales Data  Updated at: 2023/02/09

9 outbreaks hitting the auto consumer market, consumers’ demand for purchasing vehicles cooled down, bringing heavy pressure to the stable operation of the auto market. The CAAM believes that China’s auto industry is in a critical period of transformation and upgrade, and suggests that purchase tax incentives for conventional ICE vehicles and local consumption boosting policies be renewed in 2023 to promote industrial development.Overall vehi...

Automotive Sales Data  Updated at: 2023/02/07

repancies between preliminary reports and confirmed data.Indonesian sales up 902.5% in AprilIndonesian automobile manufacturers association (Gaikindo) and other sources reported that Indonesian vehicle sales in April 2021 were 78,908 units, up 902.5% year over year.Indonesia government has provided tax relief on luxury goods (PPnBM) starting in early March 2021. The provision of PPnBM incentives was part of efforts to restore the national economy...

Automotive Sales Data  Updated at: 2022/02/25

creased 18.7% from the same period in 2019 to 429,326 units.MAA assumed that sales volume for December 2020 is expected to be higher than November 2020 level due to sales volume in December 2020 is expected to be much higher than November 2020 level due to the continuation of the impetus from sales tax exemption incentive for passenger vehicles and the on-going aggressive promotional campaigns by car companies. Malaysia - Sales and Production of ...

Automotive Sales Data  Updated at: 2021/04/28