st rate sinceAugust 2024. Similar dynamics were observed in Canada as in the US, with consumers incentivized tobuy now rather than wait and face possible price rises. Mexican LV sales totaled 116k units in April,up by 2.8% YoY. The selling rate for April was broadly in line with the previous month. Mexico hasnot retaliated with tariffs on vehicles imported from the US, and any economic impact from thetrade war is yet to be felt. Europe The LV s...

Market & Tech Reports  Updated at: 2025/05/21

04,470 Indonesia Suzuki Suzuki 90,408 81,057 66,809 76,347 85,825 91,971 100,594 South Africa Suzuki Suzuki 39,753 48,154 58,170 47,197 42,357 45,365 52,577 Suzuki Maruti-Suzuki 7,425 1,282 277 3,844 3,492 3,855 4,010 South Africa sub-total 47,178 49,436 58,447 51,041 45,849 49,220 56,587 Mexico Suzuki Suzuki 40,366 37,372 43,661 46,045 55,357 57,176 48,991 Philippines Suzuki Suzuki 19,942 18,455 20,371 23,374 30,333 32,604 33,034 U...

Market & Tech Reports  Updated at: 2025/05/15

U.S. trade deficit, Thailand will increase imports of agricultural products, oil, and ethane from the United States. The United States is Thailand's largest export partner. The U.S. is the fourth largest exporter of automotive-related products, including parts, by country/region, but if exports via Mexico and Canada, members of the North American Free Trade Agreement (NAFTA), are also included, the U.S. ranks second. There are concerns that the a...

Market & Tech Reports  Updated at: 2025/05/12

by the Trump administration, the most impactful on the automotive industry is the additional 25% tariff on automobiles and automotive parts based on Section 232 of the 1962 Trade Expansion Act. The additional tariff came into effect on April 3.   If the rules of origin of the USMCA (United States-Mexico-Canada Agreement) are met, the additional 25% tariff on automobiles and automobile parts under Section 232 will be levied on products other tha...

Market & Tech Reports  Updated at: 2025/05/02

Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...

Market & Tech Reports  Updated at: 2025/04/30

tly affect the automotive industry – although there may be some exceptions – that is only because the industry is already covered by other, more specific, tariffs. On April 3, 25% tariffs were imposed on imports of finished vehicles. While this applies to all countries, vehicles from Canada and Mexico that are compliant with the United States-Mexico-Canada (USMCA) trade agreement rules are subject to taxes only on their non-US content. US con...

Market & Tech Reports  Updated at: 2025/04/30

on the supply chain of the entire automotive industry. In particular, the additional 25% tariff on automobiles and auto parts that took effect on April 3 covers all non-U.S.-made products, and non-U.S. component prices are subject to the tax even if they meet the rules of origin of the USMCA (U.S.-Mexico-Canada Agreement). This will have a major impact not only on foreign OEMs from Japan, Korea, Europe, etc., but also on American automakers with...

Market & Tech Reports  Updated at: 2025/04/25

ny had not built any new airbag related manufacturing facilities for some time in order to concentrate investment in the electronics business for products such as driver assistance systems. However, in response to increasing market demand, the company decided to build new plants from 2021 in India, Mexico, Japan, and China as described below. The main reorganizations (new construction, expansions, market withdrawals, and closures) are as follows:...

Market & Tech Reports  Updated at: 2025/04/24

y, Shizuoka Prefecture AT assemblies, AT components Fujinomiya area Fujinomiya City, Shizuoka Prefecture Kambara Area Plant Shimizu Ward, Shizuoka City Yagi Area Plant Nantan City, Kyoto Prefecture JATCO Engineering Ltd. Fuji City, Shizuoka Prefecture AT assemblies small volume production Mexico JATCO Mexico S.A. de C.V. Aguascalientes CVT assemblies (CVT7, 8, -X, -XS)(annual production 1.7 million units) China JATCO (Guangzhou) Autom...

Market & Tech Reports  Updated at: 2025/04/15

d to decrease by 1.69% year-on-year (y/y) to 6.74 million units in 2024. In the future, Hyundai Group 's sales will increase year by year, reaching 7.50 million units in 2028.   Hyundai Group's global production fell by 1% YoY in Q3 2024, as expansions in the US (+3% YoY), Slovakia (+12% YoY), and Mexico (+15% YoY) were completely offset by downturns in Korea (-3% YoY), India (-2% YoY), and China (-5% YoY). The group's global plants experienced ...

Market & Tech Reports  Updated at: 2025/04/07

the same hybrid system as the Toyota RAV4 and released as a 2025 model.   In April-December 2024, sales in the North American market increased 22.1% year-over-year (y/y), thanks to contributions from the CX-50 and CX-90, offsetting sales declines in Japan, China, and other markets. In the U.S. and Mexico, the company achieved record sales and market share. The sales forecast for North America for FY2024 is 605,000 units (up 17.7% over the previo...

Market & Tech Reports  Updated at: 2025/04/01

unced measures to impose additional tariffs on U.S. industrial and agricultural products. Canada announced retaliatory tariffs on CAD 29.8 billion worth of U.S. products. Canada has also imposed CAD 30 billion worth of retaliatory tariffs in response to the additional 25% tariffs against Canada and Mexico imposed on March 4, which continue even after most of the tariffs were postponed for a month. Tariffs on Canada and Mexico are likely to have a...

Market & Tech Reports  Updated at: 2025/03/26

eng P7+ model. The brake assist and ESC functions are integrated to enhance performance while simplifying the system structure. Manufacturing related: The company has production bases of brake parts in Europe, Germany, Spain, Poland, Hungary, Romania, Türkiye, etc. and in the Americas, the U.S., Mexico, Brazil, etc. Recent production investments in brake related products are as follows. Mexico: In August 2018, Bosch announced that it inaugur...

Market & Tech Reports  Updated at: 2025/03/21

,000 units. 57,000 units were exported from the Betim Plant, 20,000 units from the Porto Real Plant, and 37,000 units from the Goiana Plant. Major export models include Fiat's Strada, Fiorino, Pulse, and Mobi, and Jeep's Renegade and Compass. The company currently exports to 20 countries, including Mexico, Argentina, and Uruguay.       Under the "Third Engine strategy” announced in the mid-term plan "Dare Forward 2030”, the company plan...

Market & Tech Reports  Updated at: 2025/03/18

rabia sub-total 35,028 32,207 32,721 45,266 46,082 47,498 49,389 Chile Changan Changan 18,374 7,382 8,228 9,300 10,813 11,788 17,003 KYC 0 343 705 1,021 1,186 1,329 1,456 Peugeot Changan 2,359 1,874 756 1,066 1,213 1,254 1,323 Chile sub-total 20,733 9,599 9,689 11,387 13,212 14,371 19,782 Mexico Changan Changan 5,180 7,312 5,754 7,153 7,355 7,041 6,923 Chana 0 0 882 1,608 1,759 1,722 1,884 Peugeot Changan 0 0 727 847 865 920 1,300 ...

Market & Tech Reports  Updated at: 2025/03/12

ery Tiggo 7 Pro Max is popular in Russia(Source: Chery's official website)   Americas   In Brazil, the company will expand its dealer network and increase sales through the market entry of the Omoda & Jaecoo brands. According to multiple media reports, the company plans to build a factory in Mexico. Country of Plant Details Brazil Chery Automobile's passenger car assembly plant ceased production in 2022, but plans to produce PHV and B...

Market & Tech Reports  Updated at: 2025/03/07

r, BEV Expansion Slows (Feb. 2025) Detroit Auto Show 2025: Ford, GM, and Stellantis (Feb. 2025)European Market: Adjusting Electrification Plan Amid Slowing EV Sales (Dec. 2024)IAA Transportation 2024: Alternative fuel vehicles for logistics (Nov. 2024)New Diversity in Hybrid Powertrains (Oct. 2024)Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024) Stellantis (2): Launching EV production and STLA platform vehicles in...

Market & Tech Reports  Updated at: 2025/03/05

y. This represents an 18.4% m/m decrease, but reflects a 14.4% y/y increase. The January single month share was 8.3%, up 0.4 points m/m, and also up 1.0 points y/y.   U.S. President Trump, who took office on January 20, had initially announced that an additional 25% tariff on goods from Canada and Mexico would take effect on February 1, but subsequent deliberations resulted in a one-month delay. On the other hand, in February, the U.S. announced...

Market & Tech Reports  Updated at: 2025/02/26

erican production forecast is also provided.  Related reports: CES 2025: Honda, BMW, Scout Motors concepts (Feb. 2025) U.S. Market: Transition towards the new Trump Administration (Dec. 2024) Trump Speech in Detroit (Oct. 2024)GM (1) EV Sales Growth Stalls, Electrification Plans Revised (Oct. 2024)Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024)Ford: HVs for all models by 2030, postponing some EV launch plans (May...

Market & Tech Reports  Updated at: 2025/02/21

) in February 2025, Chinese automobile exports in 2024 grew 19.3% from the previous year to 5.859 million units. Of this total, NEV exports sales increased by 61.5% y/y to 1.727 million units. Note that the top three countries for finished vehicle exports in the January-October period were Russia, Mexico, and the UAE. Export destinations January-October 2024 (finished vehicles) Country Volume (1,000 units) Russia 957 Mexico 386 UAE 261 ...

Market & Tech Reports  Updated at: 2025/02/19