gnificantly in response. Production is now almost back to normal, and OEMs are increasing supply to clear backlogs, which is expected to continue supporting the domestic market.   Two months have passed since the start of Japan-US tariff negotiations on April 17, but the endpoint is still unclear. Inventories exported to the U.S. before the additional tariffs were applied are expected to be almost bottomed out by the end of June, but the final t...

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

its “Third Engine” (for presentation purposes only) after Europe and the United States. Together, these regions accounted for 26% of the total, up 2.5% y/y.   Total inventory at the end of 2024 was 1,191,000 units, down 18.4% (-268,000 units) from the same period last year. In the U.S., dealer inventories fell 20% to 300,000 units, below the target of 330,000 units, marking the end of inventory reduction. Lower U.S. inventory levels will all...

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

lion units, reflecting a increase of 3.8% y/y (down 25.5% m/m).   Year-over-year sales increased for the fourth consecutive month, led by particularly strong electric vehicle sales by Honda, Hyundai, and Kia. Total inventory at the beginning of January was 2.88 million units, with relatively small inventories of Japanese brands, and hybrid vehicles (HVs) continue to be in short supply. Demand for HVs is expected to increase due to the eliminatio...

Market & Tech Reports  Updated at: 2025/02/26

e fall below 50% in 2024 (to 48.2%). On the other hand, the share of hybrid vehicles (8.2%), which continue to see steady demand expansion as their convenience and economic efficiency are recognized, surpassed that of BEVs (7.6%).   There were also reports that companies rushing to clear their BEV inventories in response to slowing demand towards the end of 2024 were enhancing incentives to maintain sales. U.S. sales of light-duty vehicles and ...

Market & Tech Reports  Updated at: 2025/02/21

es of models that had been suspended due to recalls), the start of year-end sales by some manufacturers, and increased discounts due to increased inventory led to strong sales. Demand for electric vehicles (EVs) has been sluggish, and companies are stepping up incentives as they rush to clear their inventories. Another factor was that the number of business days in November was 26 more than the same month last year. The seasonally adjusted annual...

Market & Tech Reports  Updated at: 2024/12/27

ties, counties, and villages from year end until the Spring Festival, November has historically been a seasonal great restocking period for the vehicle market. Since destocking has prevailed since 2024 and there are expectations for ultra-high sales at the end of the year, automakers shall increase inventories in a reasonable manner in November. - Maker October 2024（1,000 units） y/y 1 BYD 431 67.2% 2 Geely 194 29.8% 3 Chery 144 59.5%...

Market & Tech Reports  Updated at: 2024/11/08

large inventory increases. Destocking has prevailed since 2024, showing an unwavering transformation of the industry’s inventory evaluation model in the context of the goal of “determining production by sales”. Coupled with the expectations for Q4 sales to stabilize, automakers shall increase inventories in a reasonable manner in the next two months. - Maker September 2024（1,000 units） y/y 1 BYD 387 50.1% 2 Geely 163 15.4% 3 FA...

Market & Tech Reports  Updated at: 2024/10/15

August were 1.422 million units, reflecting a increase of 2.2% y/y (up 11.3% m/m).   August had one more business day than the same month last year, and sales were supported by five weekends, including the three-day Labor Day weekend, when sales were boosted by sales campaigns and other events. As inventories increased, incentives and discounts tended to increase.   On September 12, the U.S. House of Representatives overwhelmingly approved a bi...

Market & Tech Reports  Updated at: 2024/09/27

same as the previous year. The seasonally adjusted annual rate (SAAR) was 15.56 million units/year (compared to 15.02 million units/year for the same month last year). Japanese cars such as Toyota and Honda continued to support the market, posting double-digit year-over-year gains due to increased inventories and growing demand for HVs. On the other hand, Tesla's sales began to decline as the competitive environment surrounding electric vehicles...

Market & Tech Reports  Updated at: 2024/04/25

own 26.0% m/m).   The number of business days in January was 25, one more day than in the same month last year, and the seasonally adjusted annualized sales (SAAR) was 15.06 million units/year (15.26 million units/year in the same month last year). The market continues to increase due to improving inventories and strong fleet sales. Japanese cars performed particularly well, with Toyota and Honda posting large double-digit sales increases.   Ac...

Market & Tech Reports  Updated at: 2024/02/28

with January marking the third consecutive months of incentives exceeding US$2,000, at US$2,499. In January, Canadian Light Vehicles sales reached 112.8k units, as sales grew by 10.0% YoY. The selling rate increased in January 2024 to 2.03 mn units/year, up from 1.79 mn units/year in December 2023. Inventories remain tight in a few segments, but there are indications that the industry could be recovering towards pre-pandemic levels. In Mexico, sa...

Market & Tech Reports  Updated at: 2024/02/21

will then remain at 11.3 mn units in the mid-to-long term. We assume a drop in 2024 for two reasons. One is that the group will have insufficient BEV offerings with which to compete vs Chinese models. Another is that we assume that the current production hike to fill enormous backorders and rebuild inventories will end in Japan early next year, which will lower production levels. Volkswagen GroupVW Group’s global LV build should expand by 4.1% ...

Market & Tech Reports  Updated at: 2024/01/30

anuary to November period increased 12.6% y/y to 14.183 million units.   In November, retail demand was strong and the growth accelerated from the previous month. Sales of Japanese OEMs (particularly Toyota and Honda) were strong, but sales of General Motors, Ford, and Stellantis were sluggish and inventories are increasing. Although the strike ended with the conclusion of wage hike negotiations with the United Auto Workers Union (UAW) at the en...

Market & Tech Reports  Updated at: 2023/12/26

issions by approximately 12 tons.   In addition to this, Mengshi Technology has adopted the made-to-order pull production system for all of its products, and the company is committed to improving the integration of the user experience (online and offline). It accurately controls delivery dates and inventories, reducing the depletion and waste of production capacity. In addition, a "Green Low Carbon Automobile Valley" will be established jointly ...

Market & Tech Reports  Updated at: 2023/07/11

ased. Since the holding of Auto Shanghai 2023 in April, the launch of new products, the holding of auto shows in various regions, and the issuance of consumption coupons had a good effect on boosting consumer confidence. With the clear information on the deferred sales of China-6b-compliant vehicle inventories, market sentiment further stabilized, and retail sales remained brisk.The implementation of the policy of halving vehicle purchase tax on ...

Market & Tech Reports  Updated at: 2023/06/09

erms of NEV wholesale volumes, Volkswagen sold 6,886 units in the month, holding a share of 37% in mainstream joint venture brands. In February, China’s passenger car retail, wholesale and production figures all enjoyed a y/y increase. Some major OEMs vigorously adjusted production and stabilized inventories, ensuring inventory balance in the dealer system. Particularly, with the trends of the Federal Reserve raising interest rates and upstream...

Market & Tech Reports  Updated at: 2023/03/10

the New Year, pre-holiday production and sales time is only 60% of normal. With the expiration of the passenger vehicle purchase tax halving policy and NEV subsidies in December 2022 overdrawing some demand in January 2023, vehicle retail sales in January should be extremely sluggish. As dealers’ inventories remain high, there won’t be much restocking before the Spring Festival, and the overall wholesale and retail sales in January will be lo...

Market & Tech Reports  Updated at: 2023/01/11

1 could not be produced due to semiconductor shortages. As a result, the average vehicle inventory days supply in the U.S. was 69 days in 2019, 32 days in 2021, and in June 2022, with just over 1 million vehicles in inventory, days supply was 28 days, forcing the industry to operate with ever-lower inventories. U.S. Light Vehicle Inventory & Days' Supply  (Source: AAI (Alliance for Automotive Innovation) July 28th, 2022) (LMC Automotive...

Market & Tech Reports  Updated at: 2022/10/05

1, but the comparison was helped by weak sales in August 2021 and by an extra selling day last month. Volumes have been remarkably steady for the past three months, with sales rounding to 1.13 mn units in each, perhaps hinting at the supply problems that are still restricting the market. That said, inventories grew to 1.27 mn units by the end of August, a 10.2% increase month-on-month, while average transaction prices are finally levelling off at...

Market & Tech Reports  Updated at: 2022/09/14

erica Brazilian LV sales grew by 4.2% YoY in July, to 170k units. This was the first time in just over a year that sales had expanded YoY, but this was largely due to weak volumes a year ago. The selling rate increased to 2.04 mn units/year in July, from 1.96 mn units/year in June. Despite growing inventories – reaching 150k units in July, up by 4.5k month-on-month, affordability is an increasing headwind as interest rates rise and the cost-of...

Market & Tech Reports  Updated at: 2022/08/16