n Japan and export share by destination Japan Japan production, export and sales volume trends Japan export share by destination (FY2024) (Source: Prepared by MarkLines based on data from Mitsubishi Motors Corporation) Sales volume trends of the Outlander PHEV in the U.S. and Canada (2020-2024) (Source: Prepared by MarkLines based on data from Mitsubishi Motors Corporation and MarkLines Data Center)   In May 2025, MMC a...

Market & Tech Reports  Updated at: 2025/07/30

rump administration. The additional 25% tariff on automobiles and auto parts will be reduced by half to 12.5%, resulting in a combined tariff of 15% when combined with the existing 2.5% tariff. While tariffs on automobile imports from Japan will be reduced to 15%, tariffs on imports from Mexico and Canada that do not meet the USMCA (United States-Mexico-Canada Agreement) rules of origin will remain at 25%, and the American Automotive Policy Counc...

Market & Tech Reports  Updated at: 2025/07/28

9 mn.-The latest update to the Global Light Vehicle (LV) market forecast has resulted in a significant reduction in projections, particularly for North America. The automotive sector is facing additional tariffs of 25% on imported vehicles and parts (though there are caveats to this on imports from Canada and Mexico), which are expected to raise vehicle prices in the US. While there is some expectation of easing these tariffs in the medium to lon...

Market & Tech Reports  Updated at: 2025/07/28

up over the past year or so. In North America, output was severely impacted by the new 25% US tariff on foreign-made cars from April 3, 2025, and the resulting retaliation from other countries, with nearly all models facing considerable YoY losses regardless of whether they are produced in the US, Canada or Mexico. Jeep was particularly affected (-62k units YoY) due to its large footprint in the region, while Chrysler and Fiat fell significantly...

Market & Tech Reports  Updated at: 2025/07/28

ntChange Year to date2025 Year to date2024 PercentChange Jun2025 Year to date2025 Year2024 PercentChange WORLD 7,731,358 7,572,228 2.1% 44,473,945 42,412,536 4.9% 93,145,011 90,243,035 88,775,242 1.7% USA 1,264,024 1,320,770 -4.3% 8,148,919 7,851,584 3.8% 15,228,437 16,271,652 15,952,698 2.0% CANADA 174,357 168,221 3.6% 959,557 901,671 6.4% 1,906,381 1,907,633 1,810,266 5.4% WESTERN EUROPE 1,260,867 1,353,134 -6.8% 6,907,548 7,095,075 -2....

Market & Tech Reports  Updated at: 2025/07/22

025 from 2.8% the previous year, raising concerns about economic instability.   The Trump administration imposed a 25% tariff on Mexican products in March after a one-month grace period from its original declaration in early February 2025, but immediately afterwards deferred the tax on U.S.-Mexico-Canada Agreement (USMCA)-compliant goods. The grace period continues even after the early April deadline for negotiations with Mexico. Export fr...

Market & Tech Reports  Updated at: 2025/07/11

wth has slowed.   This breakdown shows a trade-off between growth in North America and a decline in Europe, especially in Germany, resulting in the increase in China alone contributing to the overall increase. *11 major countries: China, USA, Japan, India, Germany, France, Brazil, UK, South Korea, Canada, Italy Comparison of BEV sales actuals in 14 countries in 2023 vs. 2024 Country 2024 2023 Difference Japan 40,230 68,459 -28,229 58.8% Ko...

Market & Tech Reports  Updated at: 2025/07/08

utside, it is also resistant to internal fires (so-called thermal runaway). Full composite plastic battery housing with excellent shock absorption and fire resistance   Martinrea Automotive Japan K.K.: Lightweight materials for battery covers, etc.   Martinrea International Inc. (Martinrea) of Canada introduced an aluminum battery case. Can be used for various aluminum molded products such as large battery cases Frame for mounting alu...

Market & Tech Reports  Updated at: 2025/06/27

nt for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see April report Click here to see How to search EV/HV/PHV/FCV data   12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand   3 Nordic countries: Norway, Sweden, Finland   These 15 countries account for about 90% of global electric vehicle sales. ...

Market & Tech Reports  Updated at: 2025/06/25

entChange Year to date2025 Year to date2024 PercentChange May2025 Year to date2025 Year2024 PercentChange WORLD 7,558,138 7,222,496 4.6% 36,750,284 34,840,308 5.5% 90,118,136 89,651,145 88,777,632 1.0% USA 1,472,438 1,442,189 2.1% 6,881,207 6,530,814 5.4% 15,372,373 16,471,524 15,952,698 3.3% CANADA 184,000 176,140 4.5% 779,463 733,450 6.3% 1,619,044 1,896,921 1,810,266 4.8% WESTERN EUROPE 1,131,716 1,117,626 1.3% 5,653,023 5,741,941 -1.5...

Market & Tech Reports  Updated at: 2025/06/19

g-related: 21 manufacturing sites for exhaust system parts (7 in Japan, 1 in Europe, 6 in the Americas, 3 in China, and 4 in Asia) Japan 7 (Fukuda Plant, Toyohashi Plant, Yawadayama Plant, Komeno Plant, Inabe Plant, Sango Kanto Co., Ltd., Sanfuku Co., Ltd.) Europe 1 (Türkiye) Americas 6 (U.S. 4, Canada, Mexico) China 3 (Tianjin, Hongzhou, Xiangyang (Hubei Province)) Asia 4 (Thailand 2, India, Indonesia) In addition to these, Sango has technica...

Market & Tech Reports  Updated at: 2025/06/19

han 2,700 employees at three plants in Lerma manufacture water pumps, balancers, ignition coils, oil control valves, air flow sensors, pistons, shock absorbers, and cast brake components for Nissan, Ford, Honda, GM, Mazda, and Stellantis. Most of the production in Mexico is for markets in the U.S., Canada, Germany, UK and South Korea.   Resonac Corporation (formerly Showa Denko Materials Co., Ltd.) ▶ Recent trends Business overview: Resonac ...

Market & Tech Reports  Updated at: 2025/05/29

nt for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see March report Click here to see How to search EV/HV/PHV/FCV data   12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand   3 Nordic countries: Norway, Sweden, Finland   These 15 countries account for about 90% of global electric vehicle sales. ...

Market & Tech Reports  Updated at: 2025/05/26

– was still present in April, but the paceof sales appeared to weaken later in the month. This could be a sign that the initial surge has ended,while average transaction prices are already rising, to US$46,054 in April, up by US$1,177 YoY, evenwithout the full impact of tariffs being in effect. In Canada, sales reached 179k units in April, growing by 7.8% YoY. However, the selling rate slowedto 1.78 mn units/year in April, down from 2.05 mn uni...

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

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 additional t...

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

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 than those...

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

o not directly 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 cont...

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

for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see February report Click here to see How to search EV/HV/PHV/FCV data   12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand   3 Nordic countries: Norway, Sweden, Finland   These 15 countries account for about 90% of global electric vehicle sales. ...

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

tinental BMW BMW X6 (USA) G06 2021 Autoliv BMW BMW X7 (USA) G07 2021 Autoliv Autoliv Continental FCA / Stellantis Dodge Ram 1500 (USA) DT 2023 Autoliv Autoliv FCA / Stellantis Dodge Ram Rampage (USA) 2023 Autoliv Autoliv Autoliv FCA / Stellantis Chrysler Pacifica (Canada) RU 2023 Autoliv FCA / Stellantis Dodge Durango (USA) WD 2022 Autoliv FCA / Stellantis Chrysler 300 (Canada) Gen-2 2022 JS...

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

uary. There was a clear pull-forward effect in March, as consumers sought to make purchases before tariffs cause prices to rise. Average transaction prices were US$44,789 in March, down by US$316 MoM, but up by US$577 YoY. Incentives declined in March to US$3,068, down from US$3,162 in February. In Canada, sales surged to 183k units in March, increasing by 15.4% YoY. The selling rate reached 2.05 mn units/year in March, up from the 1.97 mn units/...

Market & Tech Reports  Updated at: 2025/04/18