ns resulting from declining purchasing power. Furthermore, investment remains on hold until the new administration's policies become clearer. Meanwhile, amidst ongoing tensions between the United States/Israel and Iran, concerns about exports due to soaring energy prices are growing, fueling global inflation and putting further pressure on consumer spending.   According to the Bangkok Post on March 9, the FTI warned that the escalation of confli...

Market & Tech Reports  Updated at: 2026/03/27

ficant headwind and weighed on overall regional growth. Sales grew 1.4% YoY to 865k units. The selling rate improved to 12.8 mn units/year. Year-to-date (YTD) sales now stand at 1.7 mn units (-0.7% YoY). In light of recent developments in Iran, which has disrupted energy markets and could intensify inflationary pressures across the region, we have taken a slightly more cautious outlook to the 2026 Western European PV forecast, expecting sales to ...

Market & Tech Reports  Updated at: 2026/03/09

slower market overall, but we have not observed a cliff-edge scenario where sales collapse due to tariffs. In fact, vehicle pricing has shown very little direct impact from tariffs, reaching $46,205 in November. While this was up by 2.0% YoY, it should be remembered that this is actually below CPI inflation in the economy as a whole over the past year. Though tariffs have continued to be much-discussed throughout much of this year, it could be a...

Market & Tech Reports  Updated at: 2026/01/30

of the reasons behind the increase in production of two-wheelers in India.   In FY 2024-25, the Indian two-wheeler market benefited from increased festive demand, attractive discounts and rate cuts by OEMs, announcement of interest rate cuts by RBI, favourable government policies and reduction in inflation. Rural markets have witnessed a noticeable improvement in demand, providing strong support for entry-level motorcycles and scooters. A good ...

Market & Tech Reports  Updated at: 2026/01/30

g contracted in YoY terms during November. The selling rate accelerated to 524k units/year in December, from 453k units/year in November. The market underwent rapid expansion in 2025, with volumes reaching 578k units, up by 48.1% YoY, the highest since 2018. An influx of imported vehicles and lower inflation helped spur sales in 2025, but these factors were beginning to fade slightly by the end of the year. Global Light Vehicle Sales Sa...

Market & Tech Reports  Updated at: 2026/01/21

25. Tesla U.S. sales volume and Tesla's BEV market share(Source: MarkLines Tesla U.S. sales (2017-2024, Monthly 2025))   In terms of the U.S. sales by BEV model, the Model Y and Model 3 have remained the top two selling models since 2020, but with tax credits for BEV purchases under the Inflation Reduction Act (IRA) and stricter emissions regulations, competing OEMs began to introduce BEVs in earnest, with Tesla's sales growth slowing...

Market & Tech Reports  Updated at: 2026/01/14

ia reports dated November 14, Tesla has instructed its U.S. suppliers to eliminate Chinese-made parts used in the production of vehicles for the U.S. market. Tesla has been increasing the proportion of parts sourced from North America at its U.S. plants in line with preferential treatment under the Inflation Control Act (IRA), and is further strengthening this initiative in response to the current administration's additional tariff policies.   T...

Market & Tech Reports  Updated at: 2025/12/26

rest of the market performed relatively well, considering that economic concerns and cost pressures due to tariffs could have caused a much more severe slowdown than we have seen thus far. Average transaction prices were US$46,205 in November, down by US$207 MoM, and up by a modest 2.0% YoY, below inflation overall. Canadian Light Vehicle sales totaled an estimated 140k units in November, down by 6.2% YoY, while the selling rate slowed to 1.79 m...

Market & Tech Reports  Updated at: 2025/12/19

porate Average Fuel Economy (established by EPA) CBG Compressed bio gas CFP Carbon footprint of product CNG Compressed natural gas CO2 Used to refer to all greenhouse gases GHG Greenhouse gas GWh Annual production capacity of cell plants, gigawatt-hours; “/year” omitted IRA Inflation Reduction Act (USA) LLC Limited Liability Company NACS North American Charging Standard OBBB One Big Beautiful Bill Act Created...

Market & Tech Reports  Updated at: 2025/12/01

tuted some components with those produced outside of China and plan to switch all remaining components to non-Chinese production over the next two years. For the past two years, Tesla has increased the percentage of parts procured from North America in line with the preferential treatment under the Inflation Reduction Act (IRA), but has redoubled this effort after the U.S. warned of additional tariffs in the spring of this year. In early November...

Market & Tech Reports  Updated at: 2025/11/26

overnment policies, and new model launches with better technology are a few of the factors that boost the sales of passenger cars in India.    Vehicle sales recorded a year-on-year growth of 5% year over year, but slower than the growth seen in recent years. The high taxes on vehicles, elections, inflation, uneven monsoon, availability of vehicles due to supply chain issues, etc., the pent-up demand after Covid is also dwindling. In 2025, the G...

Market & Tech Reports  Updated at: 2025/11/20

n units. In addition, risks are tilted to the upside, as any annual total below 16 mn units would require a substantial slowdown in the final four months of the year. At the time of writing, the economy has remained sufficiently healthy to support LV sales, with stock markets at all-time highs, and inflation under control compared with the recent past. However, signs of weakness in the labor market could point to wider economic difficulties in th...

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

first adopted airbags as an option. In Japan, they were first used in the driver's seat of the Honda Legend in 1985, and later, their use spread to the front passenger seat as well as the driver's seat. In the 1990’s, there were a number of instances where occupants suffered casualties due to the inflation of airbags in low-speed collisions, so it became necessary to mandate laws that require that the aggressiveness of the airbag deployment be ...

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

to changes in the business environment that have occurred thus far. The first is to improve profitability of unprofitable businesses by downsizing or consolidating plants. The second is, in addition to further reducing material and logistics costs in-house, to improve marginal profits by reflecting inflation-related cost increases in sales prices. The third is to optimize fixed costs by reviewing development and management systems. As a result, t...

Market & Tech Reports  Updated at: 2025/09/27

pressure, and sales are starting to show some softness. In Mexico, sales are thought to have expanded by a mere 0.4% YoY in August, at 133k units. Still, the selling rate accelerated to 1.65 mn units/year, from 1.62 mn units/year in July, with economic indicators such as low unemployment and easing inflation supporting activity. Europe The Western European LV market grew 3% YoY as sales reached 780k units in August. The monthly selling rate imp...

Market & Tech Reports  Updated at: 2025/09/22

ves such as “Fit for 55,” the Carbon Border Adjustment Mechanism (CBAM), and the Digital Product Passport (DPP). In contrast, while political challenges make policy implementation more difficult in the U.S., there are still multilayered efforts at both the federal and state levels—such as the Inflation Reduction Act (IRA) and the adoption of Zero Emission Vehicles (ZEV) mandates at the state level. Despite ongoing policy uncertainty, the au...

Market & Tech Reports  Updated at: 2025/09/04

3% MoM). Demand remains weak overall though, due to the CBR’s high key rate stalling consumer credit growth and auto financing. The Turkish PV market saw a fifth consecutive month of growth in July 2025 as sales reached 84k units, up 15% YoY as EV incentives, an influx of Chinese models, and high inflation continue to boost sales. China In China, the LV sales market expanded 9.2% YoY for July with the topline volume sitting just below 2 mn fo...

Market & Tech Reports  Updated at: 2025/08/20

tors and automakers. SightLine can provide insights to a wide range of vehicle features such as predictive maintenance, vehicle performance, vehicle safety and autonomous vehicle features.   For example, Sightline can detect tire-related issues before they become visible, such as wear state, load, inflation pressure, and temperature. By integrating SightLine with advanced anti-lock brake systems, stopping distances can be reduced and which may a...

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

our forecast stands at 2.54 mn units, up by 2.5% YoY. This outlook represents a slight upward revision from our projections three months ago, as the market continues to display strength, and GDP is expanding more quickly than previously thought. In theory, higher interest rates should start to tame inflation as the year progresses, although borrowing costs remain a concern, and OEMs may have to offer discounts on vehicles to entice buyers. There ...

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

ugh the “First Car” and “Family Car” subsidy programs. A potential interest rate cut may support a modest recovery in H2. The Turkish PV market saw a fourth consecutive month of growth in June 2025 as sales reached 94k units, up 7% YoY as EV incentives, an influx of Chinese models, and high inflation continue to boost sales. China In China, LV sales increased YoY by 12.6% in June 2025 to 2.3 mn units, leaving the selling rate just above...

Market & Tech Reports  Updated at: 2025/07/22