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GlobalData Global Light Vehicle Sales Update (April 2025)
le high-interest rates and fading consumer hopes for thereturn of Western brands contributed to postponed purchases, prompting calls for stateintervention to support the auto industry. LV sales in Turkey continue to thrive, with consumerscontinuing to turn to vehicles as a safeguard against rampant inflation. China In April, Chinese LV sales are estimated to have grown by 12%, YoY, to around 2.1 mn vehicles. Inparticular, PV sales reached 1.8 m...
Market & Tech Reports Updated at: 2025/05/21
Global Top 10 Countries Sales Forecast (Q1 2025)
owing years because of the ongoing tough economic conditions expected going forward. We have trimmed the PV outlook for 2026-2027 by an average of 50k units/year.BrazilFor 2025 as a whole, we see total annual sales at 2.52 mn units (+1.7% YoY). Aside from higher interest rates, a slight increase in inflation will also put more pressure on Brazilian consumers’ budgets, and therefore constrain vehicle purchases. A large proportion – approaching...
Market & Tech Reports Updated at: 2025/04/30
GlobalData Global Light Vehicle Sales Update (March 2025)
fell over 10% YoY for the second consecutive month. A steep contraction of sales in Russia last month, down 40% YoY, has weakened the outlook for the region in 2025. The steepest monthly drop since early 2022 is attributed to weakening Chinese imports from higher vehicle recycling fees, persistent inflation, tight credit, and pressure to localize assembly, alongside deferred consumer demand amid limited peace prospects. China In March, Chinese...
Market & Tech Reports Updated at: 2025/04/18
GlobalData European Passenger Car Sales Update (March 2025)
Sales volumes were up 2% YoY; however, this improvement does not fully capture the complexities of the current market environment. The imposition of sweeping tariffs by US President Trump presents significant challenges, compounding the existing economic headwinds of stagnant growth and persistent inflation in the region. Potential retaliatory measures could escalate tensions into a full global trade war, which would undoubtedly impact growth an...
Market & Tech Reports Updated at: 2025/04/08
Mazda: BEV Transition to Progress in Stages
logies in a timely manner. Summary of Lean Asset Strategy announcement Due to investment optimization,estimated investment amount revised downward The company had expected the JPY 1.5 trillion electrification investment amount announced for 2022 to rise to JPY 2 trillion due to the effects of inflation, but in this announcement, President and CEO Masahiro Moro stated, "We have established a plan to keep the total investment amount to JPY 1....
Market & Tech Reports Updated at: 2025/04/01
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (January 2025)
t in the new year. This is because last year's sales volume was significantly affected by supply shortages due to vehicle certification issues. Production and deliveries have largely normalized, and a recovery in supply is boosting sales volume. However, consumers and businesses remain wary of high inflation, declining real wages, and heightened global uncertainty. The Bank of Japan raised interest rates in January and is focusing on moving away ...
Market & Tech Reports Updated at: 2025/02/26
U.S. Market: New Vehicle Sales Recover, BEV Expansion Slows
ntities of concern) such as China ineligible for the tax credit. In addition, in anticipation of a possible change in decarbonization policy by the new Trump administration, the Biden administration announced a series of funding and loan decisions for EV supply chain-related businesses under the Inflation Control Act (IRA) from late 2024 to early 2025. Ford: Plans to start operations at three battery plants in joint venture with SK On by 2025...
Market & Tech Reports Updated at: 2025/02/21
GlobalData Global Light Vehicle Sales Update (January 2025)
anuary. 289k units were sold, a modest decline of 3% YoY. Russian sales remained strong with sales up 9% YoY; however, the market has now slowed down from the high growth rate of last year as the economy begins to cool. Sales in Turkey were down 15% YoY — contraction here is likely to continue as inflation eases. China The Chinese domestic market decelerated sharply in January, despite the extension of the scrapping subsidy program, which was...
Market & Tech Reports Updated at: 2025/02/21
Global Top 10 Countries Sales Forecast (Q4 2024)
or the automotive industry, the focus will be on policies toward EV tax credits, tariffs, emissions standards, and AV regulations. While Trump has indicated that EV tax credits could be scaled back or removed, it will require Congressional action to make this happen, as they were established by the Inflation Reduction Act (IRA). Therefore, changes could be relatively slow to take place. Tariffs on imported vehicles, and potentially components, ma...
Market & Tech Reports Updated at: 2025/01/31
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (December 2024)
o GlobalData's analysis, the Japanese market finished weak in 2024, the lowest level since 2011 (the year of the Great East Japan Earthquake), excluding 2021 and 2022, which were affected by the pandemic. This was mainly due to supply shortages caused by vehicle certification issues, but persistent inflation, a weak Japanese yen and falling real wages also reduced consumer purchasing power. On December 24, the Japanese Ministry of Land, Infras...
Market & Tech Reports Updated at: 2025/01/24
GlobalData Global Light Vehicle Sales Update (December 2024)
le sales declined by 7.6% to only 4.38 mn units, the lowest level since 2011 (the year of the Tohoku earthquake and tsunami), excluding the pandemic-distorted 2021 and 2022. Such a dismal performance can be attributed mainly to supply shortages caused by the vehicle certification issues. Persistent inflation, a weak yen, and falling real wages also eroded consumers’ purchasing power. Amidst the political turmoil, the Korean market lost momentum...
Market & Tech Reports Updated at: 2025/01/17
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (November 2024)
U.S. presidential election, mentioned additional tariffs, the repeal of the EV mandate, and deregulation of gasoline-powered vehicles during the election campaign, but after being elected he has said he will abolish the tax deduction (up to USD 7,500) for the purchase of electric vehicles under the Inflation Control Act (IRA), and impose additional tariffs of 25% on Canada and Mexico, which currently have zero tariffs, and 10% on China under cert...
Market & Tech Reports Updated at: 2024/12/27
U.S. Market: Transition towards the new Trump Administration
rding tariffs and EV purchase subsidies in the U.S. Related Reports: Trump Speech in Detroit (Oct. 2024)Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024)Electric Mobility in the USA (Jan. 2024)U.S. Market: BEV Sales Ratio 7.5%, with over 20% in California (Nov. 2023)Inflation Reduction Act: Support for EV/PHEV/FCEV Purchases (Jun. 2023) Trump spoke in Detroit on October 10, 2024, during his campaign, abou...
Market & Tech Reports Updated at: 2024/12/26
Indian passenger car market: growth trends and outlook
expected to drive car sales in India. As more people enter the middle class, they gain greater purchasing power, making car ownership more affordable. Additionally, this demographic values personal mobility for convenience and status, further fueling the growth of car sales. Rising fuel prices and inflation Although fuel prices have stabilized in recent months, they remain high for diesel, gasoline, CNG, and LPG, despite a significant drop in...
Market & Tech Reports Updated at: 2024/12/23
GlobalData Global Light Vehicle Sales Update (November 2024)
ve OEMs, and the shortage of new vehicles disrupted sales significantly. However, with the normalization of production and supply (with a notable exception of Daihatsu), sales have started to improve markedly. Nonetheless, the market is expected to finish the year with a 7% decline in sales. Sticky inflation, slow wage growth and growing global uncertainty are dampening consumer and business confidence as well. The Korean market is set to end the...
Market & Tech Reports Updated at: 2024/12/17
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (October 2024)
t rates and other factors, some users have refrained from purchasing cars due to uncertainty ahead of the presidential election on November 5th. The incoming Trump administration is said to be considering abolishing the electric vehicle (EV) purchase support program currently in effect under the Inflation Control Act (IRA). Currently, a tax deduction of up to USD 7,500 (approximately JPY 1.2 million) is available. GlobalData expects the Trump ...
Market & Tech Reports Updated at: 2024/11/26
GlobalData Global Light Vehicle Sales Update (October 2024)
GDP growth and more generous discounting appear to be combining to return Brazilian sales to pre-pandemic sales levels, after several weaker years. In Argentina, Light Vehicle sales reached 41.5k units, growing by 4.2% YoY. The selling rate reached 500k units/year, the highest since July 2019. With inflation starting to ease, higher consumer confidence and a wider range of vehicles available than during the import restrictions, sales are enjoying...
Market & Tech Reports Updated at: 2024/11/19
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (September 2024)
an vehicles (electric vehicles (EV), fuel cell vehicles (FCV), and plug-in hybrid vehicles (PHV)) have been eligible for tax credits, with cumulative advance payments totaling USD 2 billion. Of the more than 300,000 people who received the tax credit, more than 250,000 were new car buyers. With the Inflation Reduction Act (IRA) coming into effect, total clean vehicle (passenger car) sales in the United States in 2023 are expected to increase 50% ...
Market & Tech Reports Updated at: 2024/10/28
Trump Speech in Detroit
October 10, 2024, Republican presidential hopeful Donald Trump spoke to the Detroit Economic Club, where over 1,000 members and their guests came to see him at the MotorCity Casino Hotel in Detroit. Trump said under his administration, “Thousands of factories will open up all across our land. Inflation will come down fast. American cars and products will be exported and admired all throughout the world again,” and that by the end of his t...
Market & Tech Reports Updated at: 2024/10/24
Analysis Report: Lithium-Ion Battery (Japan, Europe, North America and Korea)
e Ministry of Industry and Information Technology SAE : Society of Automotive Engineers, Inc. (U.S.) NHTSA : National Highway Traffic Safety Administration, U.S. Department of Transportation CARB : California Air Resources Board USTR : United States Trade Representative Other IRA : Inflation Reduction Act (U.S.) NACS : North American Charging Standard LLC : Limited Liability Company GWh For cell plant production capacity, ...
Market & Tech Reports Updated at: 2024/10/18