ons: 1) the aforementioned trading agreements reached between the US and its key trading partners; and 2) assumptions surrounding the government incentivization of the Chinese LV market. GlobalData now assumes that the trade-in scheme in China will be extended once again, until the end of 2026.-The Trump administration’s policy approach to trading partners added greater uncertainty for the US LV market’s 2025 outlook. However, OEMs have adopt...

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

global LV build is estimated to have increased by 1.7% YoY in Q3 2025, supporting marginal growth of 0.3% YoY in Q1-Q3 overall, with 6.44 mn units built in January-September. Production has been affected by US sales of the group’s imported models declining by 6% YoY, following the introduction of Trump’s tariffs from April 3, 2025. Slowing demand in China has also contributed to this fall, with Volkswagen Group facing tough competition from C...

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

acting while Renault and Dacia both grew. Nissan’s YoY losses arose from the ageing Qashqai and Juke SUVs ramping down.    Globally, RNM’s decline is expected to continue into H2. This should lead to full-year output of about 6.23 million units in 2025 (-3.8% YoY). Tariffs announced under the Trump administration have disrupted the strategies of many automakers. While there is certainly a history of backtracking and time for this to take pl...

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

efining, recycling, magnet manufacturing, etc., are also covered. China's Ministry of Commerce explained that the move is intended to protect China’s national security and interests, as well as prevent the technology from being used in sensitive areas such as military applications. U.S. President Trump has announced his intention to impose an additional 100% tariff on products imported from China beginning November 1 in response to China's rest...

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

ding the Ioniq 9, the EV3 through EV5, and the PV5.   GM Korea produced 494,000 vehicles in Korea in 2024, with more than 80% exported to the United States. Although domestic sales are declining, the impact on the production plan is small. There are concerns about the impact of tariff hikes by the Trump administration, but no noticeable changes have been seen yet. Annual production volume trends in the Korean market (Source: MarkLines, K...

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

nce, etc. Entering the autonomous ride-hailing service market: Pros and cons about realizing a long-standing promise Hybrid Remotely Monitored Robotaxi : Modified Vehicle "Project Halo" Disbanding the Dojo Team and Changes to Tesla's R&D Plan What Tesla Got and Lost from Musk's Participation in the Trump Administration's DOGE   On August 2, Tesla was found partially negligent in its Autopilot (AP) system in a 2019 fatal crash in Miami, Florida a...

Market & Tech Reports  Updated at: 2025/10/01

l the early 2030 timeframe when more affordable BEVs start entering the market.   Although Honda Group may be less directly vulnerable to any US or Canadian tariffs, the rest of 2025 is likely to be more challenging as the overall market is expected to weaken. In response to tariffs imposed by the Trump administration, Honda will shift the production of its Civic FHEV from Japan to the US by 2025.   Honda will soon begin production of its new e...

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

y/y. The market share of HVs in August was 7.3%, down 1.2 points m/m and down 0.5 points y/y. Cumulative HV sales for the 2025 January to August period increased 16.6% y/y to 3.594 million units, accounting for 8.6% of total vehicle sales volume.   Regarding the additional U.S. tariffs, President Trump announced the signing of a new comprehensive tariff agreement with Japan on September 4, and automobile tariffs have been reduced from 27.5% to ...

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

United States announced that it would expand the list of items subject to additional tariffs on steel and aluminum. An additional 50% tariff will be imposed on 407 items, including automotive parts such as automotive exhaust system parts and electrical steel sheets for electric vehicles. President Trump has also mentioned imposing tariffs of approximately 100% on semiconductor imports, and it is expected that measures having a major impact on th...

Market & Tech Reports  Updated at: 2025/08/26

odels being released one after another and production outside China expanding, the current sales trend is expected to continue for the time being.   U.S. manufacturers are seeing sales growth primarily in the US market, partly due to price increases by Japanese and Korean manufacturers affected by Trump tariffs, but as Japanese and Korean manufacturers continue to shift production to the U.S., attention will be focused on how they will respond o...

Market & Tech Reports  Updated at: 2025/08/18

ond consecutive year to 109,843 units, up 25.8% y/y. In particular, sales of the Mirage, a model imported from Thailand, more than doubled from the previous year to 29,766 units. All models sold in the U.S. are imported vehicles, and there are concerns that imports and sales will be affected by the Trump administration's tariff policies as well as exchange rates after 2025. In June, it was reported that the selling prices of three SUV models sold...

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

he same month last year. Cumulative sales of HVs in the first half of 2025 reached 2.728 million units, an increase of 19.1% y/y, accounting for an 8.6% share of total automobile sales. The increase in HV sales in the U.S. and China is the main factor for the increase.   On July 23, U.S. President Trump announced that the U.S. and Japan had reached an agreement on tariff negotiations and that reciprocal tariffs on Japan would be 15%, down from t...

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

its built in this period. Slowing demand in China has been the primary contributor to this fall, with VW facing tough competition from Chinese OEMs, especially those building BEVs. Production volumes have also been afflicted over this period by a decrease in US imports following the introduction of Trump tariffs from the start of April. Indeed, we expect VW Group’s US sales from imports to drop by 16% YoY over the last three quarters of 2025. ...

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

Mexico (2) Production and exports affected by U.S. tariff concerns Production and exports reach record highs in 2024, stalling in H1 2025 Summary Mexican auto industry outlook: Impact of Trump tariffs becoming apparent Production and exports: 2024 volumes were the highest ever, but export volumes are on the decline following the inauguration of the Trump administration GM: Producing three EV models, considering transferring some pickup truck prod...

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

ts European suppliers. Nearly half of the top 30 companies in this year's survey are planning to reduce their workforce, and some are even closing plants and offices.   We expect conditions to remain challenging for automotive suppliers in FY2025. Countermeasures to the additional tariffs that the Trump administration is imposing on auto parts are also likely to be a major factor in determining the fate of each company.   ------------------Keyw...

Market & Tech Reports  Updated at: 2025/07/02

from the previous month but up 7.4% y/y. The market share of HVs in May was 7.7%, down 1.0 points m/m but up 0.2 points y/y. Cumulative HV sales for the January to May period increased 21.2% y/y to 2.271 million units, accounting for 8.7% of total vehicle sales volume.   On June 12, U.S. President Trump stated that there is a possibility of further increases to automobile tariffs. He said that OEMs facing increasing tariffs would be encouraged t...

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

Nitrogen oxides Particulate matter Ammonia Carbon monoxide Hydrocarbons Non-methane hydrocarbons Current Euro-6 type approval Gasoline 60 4.5 ― 1000 100 68 From September 1, 2014 Diesel 80 4.5 ― 500 ― ― Euro-7 (Draft November 2022) 60 4.5 20 500 100 68   U.S.   Under the first Trump administration, stricter fuel economy and exhaust gas regulations were reviewed in the direction of easing them as they would have a negative im...

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

tal vehicle sales volume.   The U.S. imposed an additional 25% tariff on automobiles and auto parts on April 3. With regard to auto parts, relief measures were announced for companies that produce automobiles within the U.S., which came into effect on May 3. As a result of negotiations between the Trump administration and various countries, a trade agreement was concluded between the U.S. and the UK on May 8, under which it was agreed that a 10%...

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

ncrease by 2.1% year-over-year (y/y) to 1.5 million units. The breakdown is as follows: 1 million units for export (down 1.9% y/y) and 500,000 units for domestic sales (down 21.2% y/y). Production for export is also expected to be affected by the tariff increases being implemented by U.S. President Trump going forward.   Related Reports:Bangkok International Motor Show 2025 (2) Japanese & European OEMs (May. 2025)Bangkok International Motor Sho...

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

n 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. The story for the Western European PV market remains the same as last month. Global and regional economic headwinds, specifically US President Donald Trump’s tariff plans, have heightened uncertainty and hurt consumer confidence, which is now having real affects in many Western European markets. G...

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