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

market declined by 29% YoY in May — tight monetary policy and stalled consumer credit growth are restricting auto financing. LV sales in Turkey were up 4% YoY in May as sales reached 103k units. LV demand remains strong as here consumers continue to turn to vehicles as a safeguard against rampant inflation. China In May, Chinese LV sales are estimated to have grown by 10% YoY to around 2.1 mn units, broadly the same volume as April’s figure...

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

1 150 180 190 Farasis Energy  3 12 13 21 47 80 120 170 170 Panasonic  46 49 49 59 65 65 78 96 106 Total 245 411 640 1,162 1,993 2,899 3,760 4,254 4,648   Currently, batteries for NEVs worldwide are mainly supplied by CATL, BYD, and LG Energy Solutions. Due to the constraints of the U.S. Inflation-Reduction Act (IRA), LG is expected to develop and exceed the growth rate of CATL in the future.   At present, China, Japan, and South Kore...

Market & Tech Reports  Updated at: 2025/06/12

ompared to the same period in 2024. Spain continues 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 t...

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

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

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

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

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