viding strong support for the growth of the Chinese domestic market. New Energy Vehicles (NEVs) continue to show rapid growth and are driving continued industry transformation and upgrading. Export volume also continues to increase, with exports of NEVs growing particularly rapidly.   According to GlobalData, Chinese automakers continue to deploy aggressive pricing strategies, putting a strain on the entire auto industry. By leveraging additiona...

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

Global Top 10 Countries Sales Forecast (Q2 2025) Global sales to increase 1.3% to 89.9M units in 2025, downward revision from previous forecast Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q2 2025, global light vehicle sales are forecast to increase by 1.3% YoY to 89.9 mn.-The latest update to the Global Light Vehicle (LV) market forecast h...

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

Global Top 10 OEMs Production Forecast (Q2 2025) Global production to reach 91.0M units in 2025, 91.4M units in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q2 2025, global light vehicle production in 2025 is estimated to increase by 0.6% YoY to 91.0 mn.-The implementation of the new 25% US auto and auto-part tariffs has undermined our...

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

GlobalData Global Light Vehicle Sales Update (June 2025) Summary Commentary For June, the Global Light Vehicle (LV) selling rate improved to 93 mn units/year. In year-on-year (YoY) terms, the market grew over 2% as sales reached 7.7 mn units globally. Trade tensions began to affect the key markets of the US and Western Europe, while in China, sales remain robust amid favorable market conditions and incentives. In Western Europe, the story is br...

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

duction expansion for the fourth consecutive year, concerns over impact of U.S. tariffs Hyundai/Kia Group: Production of SUVs for the U.S. market transferred to the U.S. plant Chinese manufacturers: Tension in U.S.-China relations creates headwinds for new entrants Tesla, BYD, and Hon Hai (Foxconn) GlobalData Production Forecast: Mexico light vehicle production expected to be 3.56 million units in 2028 Mexico light vehicle production and ex...

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

GlobalData European Passenger Car Sales Update (June 2025) Summary Commentary The latest data on Western Europe’s PV market, that of June, showed that sales had fallen 6% YoY to 1.1 mn vehicles. The selling rate improved though, standing at 11.6 mn units/year, from the 10.9 mn units/year recorded the previous month. Overall, though, it has been a tough first half to 2025, with YTD sales down over 1%, on what is a weak base. Across the major f...

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

nistry will allocate INR 20 billion (approximately USD 233 million) to support the introduction of public EV charging stations at approximately 72,000 locations across India.   Japan   New vehicle sales in May were 314,000 units, reflecting an increase of 4.1% y/y (down 5.6% m/m).   According to GlobalData's analysis, May saw a slowdown from the double-digit growth that had continued for the past four consecutive months. Last year, sales had d...

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

GlobalData Global Light Vehicle Sales Update (May 2025) Summary Commentary For May, the Global Light Vehicle (LV) selling rate is estimated to be 90 mn units/year, a slowdown from the improvement seen the previous month. In year-on-year (YoY) terms, the market grew 5% as sales reached 7.6 mn units globally. The story remains similar to April in the key markets of China, the US, and Western Europe. China and the US saw positive growth in LV sale...

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

000 units VinFast, BYD and GAC Aion to build EV plants Increasing production of EV batteries 2025 sales in Indonesia expected to grow 4% y/y to 900,000 units (GAIKINDO’s forecast in April 2025) Domestic market: Toyota launches Prius and Camry HVs; Mazda introduces CX-80 PHV Production Forecast by GlobalData: Indonesian production expected to be 1.32 million units in 2028   The Indonesian government aims to achieve carbon neutrality by 2060 and...

Market & Tech Reports  Updated at: 2025/06/13

GlobalData European Passenger Car Sales Update (May 2025) Summary Commentary For May, Western Europe’s PV selling rate stood at 10.9 mn units/year, down from the 11.2 mn units/year observed for April. Sales volumes totalled just under 1 mn new vehicles, a 2% improvement YoY. YTD sales are now just under 5 mn units, broadly flat compared to the same period in 2024. Spain continues to shine as the standout performer, while the French market is ...

Market & Tech Reports  Updated at: 2025/06/09

ectric vehicles (EVs) and hybrid vehicles (HVs). Indian EV and HV manufacturers will also be able to enter the UK market in a phased manner under a quota-based framework.   Japan   New vehicle sales in April were 332,000 units, reflecting an increase of 11.1% y/y (down 30.9% m/m).   According to GlobalData's analysis, April sales were up by double digits for the fourth consecutive month, after low levels of production and sales in the previous...

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

43 units, respectively. SAIC followed with 2,763 units, while GWM recorded 1,631 units. Other Chinese brands, including Hozon Auto, Geely, Chery, and XPENG, registered 1,510, 1,334, 895, and 369 units, respectively. Meanwhile, Thailand-based MINE Mobility recorded 8 BEV registrations in Q1/2025.   GlobalData blog GlobalData blog: Shifting gears: VinFast’s leadership changes and strategic direction https://www.marklines.com/en/news/322261 Globa...

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

GlobalData Global Light Vehicle Sales Update (April 2025) Summary Commentary For April, the Global Light Vehicle (LV) selling rate is estimated to be 92 mn units/year, building on the improvement seen in March. In year-on-year (YoY) terms, the market saw another strong month of growth, with sales up 6% to 7.3 mn units. Both China and the US demonstrated a strong performance, YoY, while Western Europe continues to face challenges. In the US, the...

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

panding sales lineup focusing on SUVs Japanese market: Double-digit year-over-year growth in 2024, aiming for 80% HEVs and 20% BEVs by FY2030 Sales and production volume trends: Aiming for global sales of 4.2M in FY2030 Business Performance: record-high sales and profits for the full year of FY2024 GlobalData Sales Forecast: Suzuki to sell 3.18 million units in 2028 Suzuki's first mass-produced EV, the “e VITARA” (Source: Suzuki) Un...

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

d Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to increase 2% year-over-year to 1.5 million units (FTI forecast) Thailand's domestic market: 1-ton pickup truck sales down 38% GlobalData Production Forecast: Thai production expected to be 1.82 million units in 2028 BYD’s mid-size SUV, Sealion 6 DM-i (Unveiled at the ...

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

GlobalData European Passenger Car Sales Update (April 2025) Summary Commentary In April, the PV selling rate for Western Europe stood at 11.2 mn units/year, broadly in line with that of March. Sales volumes totalled 949k units, a 1.1% decline from April 2024. YTD sales now stand at just under 4 mn units, down 0.7% from the same period last year. Spain continued its strong run of results, while markets such as France and the UK faced declines. T...

Market & Tech Reports  Updated at: 2025/05/09

Global Top 10 Countries Sales Forecast (Q1 2025) Global sales to increase 3.0% to 91.5M in 2025, 1.3% to 92.7M in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q1 2025, global light vehicle sales are forecast to increase by 3.0% YoY to 91.5 mn.-This update does not take account of the US tariffs that are being brought in as the Trump ad...

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

Global Top 10 OEMs Production Forecast (Q1 2025) Global production to reach 92.4M units in 2025, 93.7M units in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q1 2025, global light vehicle production in 2025 is estimated to increase by 2.4% YoY to 92.4 mn.-The production forecasts in this report do not reflect the full extent of the US t...

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

ase against China.   United States   New vehicle sales in March were 1.592 million units, reflecting a increase of 9.1% y/y (up 30.3% m/m).   Concerns about the impact of additional tariffs on new car prices led to a significant increase in sales in March due to a rush of demand by consumers.   GlobalData revised downward its forecast for new light vehicle sales in 2025 and beyond due to additional tariffs, predicting a 6.6% y/y decline to ap...

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

GlobalData Global Light Vehicle Sales Update (March 2025) Summary Commentary For March, the Global Light Vehicle (LV) selling rate is estimated to be 90 mn units/year, an improvement on the previous month and higher overall than the 2024 result. In YoY terms, the market was up 7% last month and 6% YTD, though clouds are gathering over the global economic outlook. The key markets of the US, China, and Western Europe all experienced growth in Mar...

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