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

primarily among its 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.   -----...

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

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 to make further investments in the U.S., citing GM and Hyundai's announcement...

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

ith May 2024, meaning that sales declined by 1.7% YoY on a selling day-adjusted basis. The annualized selling rate slowed to 15.4 mn units/year in May, from 17.4 mn units/year in April. The selling rate was hindered by the lack of Memorial Day sales events this year, as OEMs brace for the impact of tariffs. While price rises explicitly linked to tariffs are still rare, the industry is pulling back on incentives, which fell to US$2,609 in May, dow...

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

ntinues to shine as the standout performer, while the French market is among those grappling with YoY losses. In recent months, the Western European PV market has struggled to meet expectations, primarily due to declining consumer confidence stemming from inflation worries, potential heavy US trade tariffs, and broader economic uncertainty. This year, there has been a downturn in sales across three of the five largest markets—France, Germany, a...

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

om the UK to the United States per year, with a 25% tax rate applied to any imports exceeding this amount. On the same day, the European Commission proposed retaliatory measures worth up to EUR 95 billion (USD 108 billion) on U.S. imports if negotiations with the United States fail to eliminate the tariffs. It also covers automobiles and auto parts imported from the U.S. The European Commission also announced that it will file a complaint with th...

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

tariff-related price rises – was still present in April, but the paceof sales appeared to weaken later in the month. This could be a sign that the initial surge has ended,while average transaction prices are already rising, to US$46,054 in April, up by US$1,177 YoY, evenwithout the full impact of tariffs being in effect. In Canada, sales reached 179k units in April, growing by 7.8% YoY. However, the selling rate slowedto 1.78 mn units/year in A...

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

al number of electrified vehicles (xEVs), including EVs, PHVs, and HVs, was 207,646, expanding the share of electric vehicles in total vehicle sales volume from 20.7% in 2023 to 32.7% in 2024. Chinese OEMs have been taking advantage of the Thai government's support for the spread of EVs and the 0% tariffs under the ASEAN-China Free Trade Agreement (ACFTA) to import and sell EVs. In addition, in response to the recent increase in demand for hybri...

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

Trump Tariffs: Impact on the North American Auto Industry Analysis of U.S. imports and sales volume, parts procurement status for major models Summary Additional tariffs on automobiles and auto parts Imported vehicles as a percentage of total U.S. sales U.S. sales ranking by OEM Parts procurement status for major models US Sales Share by Segment (2024) (Source: MarkLines Sales Volume Dashboard )   In the midst of successive announcemen...

Market & Tech Reports  Updated at: 2025/05/02

wth rate remaining at 1.3% compared to the previous year, and the slowdown in automobile sales reflects this. According to the International Monetary Fund (IMF), Mexico's GDP growth rate in 2025 is predicted to be 1.4%, the same level as 2024. The tough policies of U.S. President Trump, such as new tariffs, may work against the export-dependent Mexican economy, and are expected to affect domestic automobile sales trends.   2024 domestic pr...

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

⋆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 tariffs that were imposed at the start of April (and any related retaliation by other countries), and if the 25% Trump tariffs become entrenched, dema...

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

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 administration looks to reshore production in the US. If these tariffs remain in place this would hit t...

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

previous month (m/m), and a significant 33.4% increase compared to the same month last year (y/y). In countries such as China and the UK, overall new car sales saw significant growth due to seasonal factors, while in the United States, there was a rush in demand before the imposition of additional tariffs. The market share of electric vehicles in March was 24.2%, up 4.6 points y/y, and up by 1.5 points m/m. Cumulative sales of electric vehicles ...

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

ern Europe all experienced growth in March 2025. However, US protectionist policy and related uncertainty are set to have a tangible impact on the global economic landscape through this year and beyond. In the US market, there was a clear pullforward effect due to the looming price hikes because of tariffs on automobiles. In China, sales will remain steady due to stimulus measures implemented by the Chinese government. North Ameri...

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

Germany faced a decline in sales once more. YTD sales now stand at slightly above 3 mn units, though this represents a slight decline on the same period in 2024. The Western European PV market continues to struggle amidst increasing economic headwinds. US President Donald Trump's implementation of tariffs on automotive imports, along with broad tariffs affecting all US trade partners, has heightened global trade war concerns. This situation pres...

Market & Tech Reports  Updated at: 2025/04/08

ion, announced that it will introduce a new EZ-6-based BEV, the Mazda6e, in Europe. It is scheduled to go on sale in Europe in the summer of 2025. In Europe, CO2 regulations are being tightened starting in 2025, and huge fines will be imposed if the regulations are not met. At almost the same time, tariffs were introduced on Chinese-made EVs, but the company reportedly decided to import Chinese-made EVs as it felt the fines would have a greater i...

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

  According to GAIKINDO, Hyundai remains in ninth place for wholesale sales in 2024 with 22,000 units, down 37% from the previous year, while 10th-place SAIC-GM-Wuling is almost at the same level and 11th-place BYD is close behind with 15,000 units. Indonesia has implemented a policy to exempt tariffs on BEVs imported by businesses that produce locally, leading to an increase in relatively inexpensive Chinese EVs entering the market. ...

Market & Tech Reports  Updated at: 2025/03/31

.3% y/y. The market share of electric vehicles in February was 8.5%, down 0.3 points m/m, but up by 0.3 points y/y. Cumulative HEV sales for January and February totaled 805,000 units, up 17.8% from the same period last year, and accounted for 8.6% of total vehicle sales.   In the U.S., additional tariffs of 25% on steel and aluminum imports from all countries have been in effect since March 12, and other countries, including the EU and Canada, ...

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

s/year, up from 15.7 mn units/year reported in January, but the January rate may have been disproportionately disrupted by seasonal factors. Average transaction prices slightly eased to US$45,105 in February, down by US$269 MoM, but still up by US$557 YoY. With OEMs facing uncertainty over possible tariffs, incentives remained unchanged in February at US$3,160. In Canada, sales totaled 115k units in February 2025, slowing by 4.9% YoY. The selling...

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

oves slower, while China takes less time to manufacture and deploy robotaxis.   Impact of U.S. trade and regulatory policies under the Trump administration   QNX has a “mixed bag” perspective overall on the U.S. trade and regulatory policies under the Trump administration. The introduction of tariffs could cause friction between countries such as Canada and the U.S. that could potentially have a negative impact on QNX's business. Ideally, a...

Market & Tech Reports  Updated at: 2025/03/11