regated on Feburary 21, 2025              Some corrections have been made to past vehicle data.              Some data includes estimates.              The sales volume (shipment volume) for China are aggregate figures excluding exports.  (Note 2) Reasons for high electrification rates in Nordic countries               1. The population’s environmental awareness has always been high.    ...

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

became more stable, with consistent growth observed, except during the festive season.   During the festive season (September-November), passenger vehicle sales peaked, driven by a wider product range, improved supply levels, and attractive consumer offers. In October 2023, the market recorded its highest sales to date. Monthly sales comparison between 2022 and 2023 (Source: SIAM, OEMs press release, MarkLines Data Center)   Indian pas...

Market & Tech Reports  Updated at: 2024/12/23

regated on November 21, 2024              Some corrections have been made to past vehicle data.              Some data includes estimates.              The sales volume (shipment volume) for China are aggregate figures excluding exports.  (Note 2) Reasons for high electrification rates in Nordic countries               1. The population’s environmental awareness has always been high.    ...

Market & Tech Reports  Updated at: 2024/11/26

ange for the West of the region in its MoM selling rate evolution, while Eastern Europe made progress, with the latter once again supported by recovery in Russia. In Japan, the selling rate declined notably as supply issues persist. North America The US Light Vehicle seems to be back on track following a contraction last month, as sales grew by 6.4% YoY in May 2024 to 1.44 mn units, although an additional selling day compared to May 2023 provi...

Market & Tech Reports  Updated at: 2024/06/19

in Mexico to reduce transportation costs and time and improve efficiency.   This report summarizes the construction status and trends of the Mexican plants for some Chinese auto parts suppliers.   Related Reports:Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)Inflation Reduction Act: Support for EV/PHEV/FCEV Purchases (Jun. 2023)Mexico: Investment plans for near-shoring and EV shift (Apr.2023)Chinese OEM Ov...

Market & Tech Reports  Updated at: 2024/05/29

e the continuation of the price war. Meanwhile, Europe also saw a moderate contraction in the selling rate in April versus that of March. In Japan, sales bounced back after production disruption at key brands. North America The US Light Vehicle market saw its first YoY decline of 2024, as sales slowed in April 2024 by 3.0% YoY, with sales dropping to 1.33 mn units. However, this was due to the loss of a selling day as compared to April 2023, a...

Market & Tech Reports  Updated at: 2024/05/17

Emerging U.S. EV Makers on the Move Several begin EV sales in 2023, following Rivian, Lucid Motors, and others Summary Rivian’s mass production stands out; many companies continue in the red, operations at risk to end Rivian Automotive: Production of 57,000 units in 2023, up 135% year-over-year; sales surge but business losses continue Lucid Motors: Production increases, but losses also increase; investment expansion with Saudi Arabian capital ...

Market & Tech Reports  Updated at: 2024/04/02

". As times have changed, the areas to be addressed have widened due to changes in customer tastes and increasing vehicle complexity, and the division of labor has rapidly progressed, centering on production, development, and the supply chain.   Through "Monozukuri Innovation," Subaru will promote high-density manufacturing by integrating production, development, and the supply chain as "One Subaru," which only Subaru can do because of its size ...

Market & Tech Reports  Updated at: 2024/01/12

GlobalData Global Light Vehicle Sales Update (November 2023) Summary Commentary The Global Light Vehicle (LV) selling rate for November was 94 mn units/year, slightly lower than the upwardly revised October figure of 95 mn units/year. The market was up 14% YoY and in YTD terms 82 mn vehicles registered, 11% higher than YTD Nov 2022. US sales were helped by agreements being settled between the Detroit 3 OEMs and the union, ending the strikes, al...

Market & Tech Reports  Updated at: 2023/12/15

pandemic level due to such factors as improved consumer sentiments, normalization of the economy after COVID-19, new launches, favorable government policies, and easing of supply chain bottlenecks. However, the industry also encountered several unfavorable factors including semiconductor shortages, high taxes and volatile fuel prices, slow growth of charging infrastructure, increase in raw materials costs and inflation.   This report is divided ...

Market & Tech Reports  Updated at: 2023/09/19

Global Top 10 Countries Sales Forecast (Q4 2022) Global sales volume of 80.63 M units in 2022, slightly below 2021 level; 85 M forecast in 2023 Summary Commentary by LMC Automotive ⋆An updated version of this forecast report will be released every quarter -Global light vehicle sales in 2022 are estimated to have fallen by 1% year-on-year to 80.63 million units, according to a report by LMC Automotive as of Q4 2022. Despite a strong Q3, mainly d...

Market & Tech Reports  Updated at: 2023/01/30

ate was in line with the previous month. Meanwhile, October’s raw sales result of 7.1 mn units was an improvement of 10% YoY (year-on-year), taking the year-to-date (YTD) figure to circa -1%, albeit compared to an already weak base of 2021. Despite China experiencing a third consecutive month of slowing selling rates, YTD sales were up 8%. However, North America and Europe continue to struggle YTD as supply constraints hamper performances ahead...

Market & Tech Reports  Updated at: 2022/11/15

LMC Automotive Global Light Vehicle Sales Update (September 2022) Summary Commentary The Global Light Vehicle (LV) selling rate ended a four-month growth trend in September by falling to 86mn units/year from an adjusted high of 91 mn units/year seen in August. The year-to-date (YTD) raw sales figure was down 2% from the weak base of 2021.  Despite a reduced global selling rate in September, China’s market remained robust with YTD growth of 8...

Market & Tech Reports  Updated at: 2022/10/17

Sales data Click here to see July report   11 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy   3 Nordic countries: Norway, Sweden, Finland   These 14 countries account for about 90% of global electric vehicle sales.   (*Note) Reasons for high electrification rates in Nordic countries The population’s environmental awareness has always been high. A high percentage of electricity is g...

Market & Tech Reports  Updated at: 2022/09/22

n-month improvements, the year-to-date (YTD) raw sales figure is still down 3.8% from the same period in 2021. China continues to lead the recovery as August saw selling rates shoot to record levels with the support of the temporary purchase tax cut. In North America and Europe, selling rates again highlighted ongoing supply disruption. This report is for customer members only. 1 pages remaining.Read more at no cost for a limited time by regis...

Market & Tech Reports  Updated at: 2022/09/14

LMC Automotive Global Light Vehicle Sales Update (May 2022) Summary Commentary The Global Light Vehicle (LV) selling rate improved to 76 mn units/year for May 2022, following a very poor result in April. Supply bottlenecks remain the key issue for the global automotive industry, with manufacturers unable to meet demand in most regions. In year-on-year (YoY) terms, sales were down 10%. In China, the reopening of manufacturing facilities in mid-A...

Market & Tech Reports  Updated at: 2022/06/15

LMC Automotive Global Light Vehicle Sales Update (March 2022) Summary Commentary The Global Light Vehicle (LV) selling rate fell to 75 mn units/year in March 2022, bringing the Q1 2022 average to 79 mn units/year, as global supply‐chain issues continued to constrain sales statistics. In year‐on‐year (YoY) terms, sales were down 14%. The US saw a continuation of tight inventories and high transaction prices, while, in China, sales remained...

Market & Tech Reports  Updated at: 2022/04/15

from 15.1 mn units/year in January, but this measure can be misleading at present, since supply, rather than demand, is driving sales and disrupting normal seasonality. Average transaction prices eased slightly in February, to US$44,132, but were still up by 17.6% YoY. Incentives continued to head lower last month, to US$1,245. There was a slight recovery in fleet sales in February, but they remain well below pre‐pandemic levels. In Canada, LV...

Market & Tech Reports  Updated at: 2022/03/16

re adopted for the rear wheels on C-Segment and above vehicles and for compact passenger cars with engine displacements over 1.5L, which together account for more than half the market. However, drum type brakes are adopted for almost half of all vehicles in the market: mainly mini-vehicles, compact low-cost cars in the B-segment and below, and commercial vehicles due to cost-related factors.   Many models equipped with disc brakes are B-segment ...

Market & Tech Reports  Updated at: 2021/03/02

In addition, disc type brakes are adopted for the rear wheels, mainly on C-segment and above vehicles and for compact passenger cars with an engine displacement of over 1.5 liters. However, drum type brakes are adopted for almost half of all vehicles in the market, mainly for mini vehicles, compact low-cost cars up to the B-segment, and commercial vehicles mainly due to cost. By Japanese OEM, of the many models equipped with disc brakes, Subaru c...

Market & Tech Reports  Updated at: 2020/08/13