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

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

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

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

Suzuki's Global Sales Exceed 3 Million Units, 4.2 Million Target for FY2030 Launch of e VITARA in India, increasing electric and CNG vehicles Summary New mid-term management plan, "By Your Side", for FY2025-2030 Major trends toward the introduction of electric and CNG vehicles Technology trends: Strengthening CNG business with a focus on carbon neutrality Indian market: Record high sales in 2024; Expanding sales lineup focusing on SUVs Japanese m...

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

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

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (March 2025) Electric vehicle sales in March increase 33.4% y/y to 1,490,000 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: 2025/04/25

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

Hyundai and Kia: Expanding HEV/EV models, strengthening US business Hyundai strengthening HEV & hydrogen strategy, Kia pursuing EV & PBV market strategy Summary Hyundai Motor Group global sales volume Hyundai Group production sites (after 2024) Hyundai's mid- to long-term plan: Strengthening development of HEVs and EREVs, expanding to 21 EV models Kia's mid- to long-term plan: Investing KRW 38 trillion over 5 years in electrification, PBV, and SD...

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

Mazda: BEV Transition to Progress in Stages Expanding the CX series of large models; developing NEVs with Changan Automobile Summary Announced Lean Asset Strategy Plans for the introduction of electrified vehicles Battery procurement: Partnership with Panasonic Energy Mid-Term Management Plan: Phased advancement of BEV conversion Production and sales in the U.S. Performance outlook for FY2024 (ending March 2025) GlobalData sales forecast: Mazda t...

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

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (February 2025) Electric vehicle sales in February increase 56.9% y/y to 1,038,000 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 ...

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

Stellantis (2) Developing Next-Generation Vehicles with New Platforms Strengthening bio-hybrids in South America and CV business in North America and Europe Summary Introducing next generation models based on its multi-energy STLA platform Developing Bio-Hybrid technology in South America Making Algeria a strategic hub in Africa Leading US PHV market, launches commercial vehicle division Ram Professional New global commercial vehicle site establi...

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

GlobalData Global Light Vehicle Sales Update (February 2025) Summary Commentary In February, the Global Light Vehicle (LV) selling rate stood at 87 mn units/year, weaker than the January result. Market volumes improved over 8% YoY though, with 6.6 mn units sold. The key markets of the US, China, and Western Europe experienced mixed results in February 2025. The US saw a decline in sales, partly due to one fewer selling day in the month. Meanwhi...

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

on units and exports of 1 million units in 2025 Electrification: Installation of solid-state batteries in 2030, deepening partnership with CATL Intelligent: Achieving L3 autonomous driving capability by 2026, deepening partnership with Huawei Changan Auto Group’s sales volume in China (ex-works) GlobalData Sales Forecast: Changan Auto Group’s light vehicle sales in 2028 will be 1.85 million units   According to MarkLines data, Chongqing Cha...

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