GlobalData Global Light Vehicle Sales Update (October 2025) Summary Commentary For October, the Global Light Vehicle (LV) selling rate saw its second strongest month of the year, with 96 mn units/year, fractionally behind the August result. In year-on-year (YoY) terms, the market grew 3% as sales reached 8.2 mn units globally. Year-to-date (YTD), 75 mn vehicles have been sold, up 5% from the same period in 2024. The key markets of the US, We...

Market & Tech Reports  Updated at: 2025/11/21

Indian market 5-year forecast: New car sales to exceed 6 mn units in 2030 Passenger car market analysis: segment structure, sales volume by OEM Summary GlobalData Sales Forecast: India’s light vehicle sales to exceed 6 million units in 2030 2025 and medium-term trends in the passenger car market Reduction in GST for the automotive sector Passenger cars segment performance in 2024 Passenger car market segment structure OEM analysis of passenger ...

Market & Tech Reports  Updated at: 2025/11/20

Chinese market : Chinese OEMs take 70% share as foreign OEMs struggle GlobalData Production Forecast: Evolution of Chinese Market, Shift to Sustainable Growth Summary GlobalData Production Forecast: China's light vehicle production will remain at 31 million units in 2028 First-half 2025 sales volume up by 11.4% to 15.65 million units; targeting 32.3 million units for the full year Passenger car market: Chinese OEMs have nearly 70% share, Japanese...

Market & Tech Reports  Updated at: 2025/11/14

Global Top 10 Countries Sales Forecast (Q3 2025) Global sales to increase 2.5% to 90.99M units in 2025, up 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 Q3 2025, global light vehicle sales are forecast to increase by 2.5% YoY to 90.99 mn.-Since our previous report, the global LV market forecast has increased markedly o...

Market & Tech Reports  Updated at: 2025/10/29

Global Top 10 OEMs Production Forecast (Q3 2025) Global production to reach 92.17M units in 2025, 93.77M 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 Q3 2025, global light vehicle production in 2025 is estimated to increase by 1.9% YoY to 92.17 mn.-Both the emergence of a better-than-expected global trading environment, and th...

Market & Tech Reports  Updated at: 2025/10/29

Nissan pursues profit recovery with Re:Nissan plan GlobalData Production Forecast: Strengthening SUV in North America, Introducing BEV "N7" in China Summary GlobalData Production Forecast: Nissan’s production will remain above 3 million units through 2028 "Re:Nissan" management restructuring plan Complementary partnerships U.S.: Imports account for 40%, with increasing supply from Mexico and Japan Japan : HEVs account for around 80%, BEVs less...

Market & Tech Reports  Updated at: 2025/10/27

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (September 2025) Electric vehicle sales in September increase 22.8% y/y to 1,861,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains) About t...

Market & Tech Reports  Updated at: 2025/10/27

Hyundai and Kia’s Electrification Strategy and Korean Market Trends GlobalData's 5-year forecast: Expanding EV production, diversifying export destinations Summary GlobalData Production Forecast: Korea’s light vehicle production to remain at around 3.7 million units by 2030 Electrification goals of the Korean government Hyundai-Kia's electrification strategy Hyundai-Kia Motor Group GM Korea Renault Korea (formerly Renault Samsung) KG Mobility...

Market & Tech Reports  Updated at: 2025/10/23

GlobalData Global Light Vehicle Sales Update (September 2025) Summary Commentary For September, the Global Light Vehicle (LV) selling rate remained broadly in line with July and August, standing at 94 mn units/year. In year-on-year (YoY) terms, the market grew 7% as sales reached 8.1 mn units globally. Year-to-date (YTD), 67 mn vehicles have been sold, up 5% from the same period in 2024. The key markets of the US, Western Europe, and China all ...

Market & Tech Reports  Updated at: 2025/10/21

Honda: HEVs thriving in North America and Japan GlobalData 5-Year Forecast: Honda struggling in China with BEV Summary GlobalData Sales Forecast: Honda to sell around 3.5 million units through 2030 China: Sales and production down sharply; expansion of BEVs an issue U.S.: Annual sales exceed 300,000 units with three HEV models Japan: HEV proportion expands, introduction of BEV mini vehicles   According to GlobalData's latest volume forecast, Hon...

Market & Tech Reports  Updated at: 2025/09/26

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (August 2025) Electric vehicle sales in August increase 19.4% y/y to 1,519,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains) About this re...

Market & Tech Reports  Updated at: 2025/09/26

GlobalData Global Light Vehicle Sales Update (August 2025) Summary Commentary For August, the Global Light Vehicle (LV) selling rate was broadly in line with the previous month, at over 94 mn units/year. In year-on-year (YoY) terms, the market grew 4% as sales reached 7.2 mn units globally. YTD sales currently stand at 59 mn units, up 5% from the same period in 2024. Trade tensions have cooled, and key markets have seen growth in August. Despit...

Market & Tech Reports  Updated at: 2025/09/22

GlobalData Global Light Vehicle Sales Update (July 2025) Summary Commentary For July, the Global Light Vehicle (LV) selling rate improved to 94 mn units/year. In year-on-year (YoY) terms, the market grew over 6% as sales reached 7.4 mn units globally. Despite trade tensions continuing to challenge the global outlook, the auto market accelerated in the US with a stronger selling rate despite OEM concerns. China also maintained its momentum amid ...

Market & Tech Reports  Updated at: 2025/08/20

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

: Starts production of the electric SUV "Jeep Wagoneer S", Continues investing in Mexico Ford: Increases production for the fourth consecutive year, raising prices of Mexican-made models in the U.S. Nissan: Increased production for the second consecutive year, begins production of the first e-POWER vehicle in North America Toyota: Began production of the new Tacoma, including HEV Honda: Begins production of Acura ADX, maintains production in Mexi...

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

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

Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

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

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (April 2025) Electric vehicle sales in April increase 31.6% y/y to 1,341,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains)   This report ...

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