ing the 10% reciprocal tariff temporarily set against the EU and the additional 25% tariff on automobiles and auto parts. In negotiations with China, the U.S. and China agreed on May 12 to reduce tariff rates by 115% on both sides, and negotiations were to begin on May 14 for 90 days.   The future outlook for tariffs remains unclear, but it will be necessary to continue to keep an eye on how manufacturers respond and on changes in each country's...

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

es Data Center figures, Toyota (excluding Lexus led the market with a 16.9% share, followed by Mitsubishi at 13.9% and Ford at 13.5%.   Industry experts credit the strong Q1 performance to continued promotional campaigns, government policies supporting electrified vehicles, and a positive economic outlook. The Vietnamese auto market is poised to sustain its growth in the coming quarters, driven by new model launches and consistent consumer deman...

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

ow down 2% as well. The region is currentlyexperiencing several economic challenges. Growth has stagnated in major markets such as Germanyand France. Furthermore, consumer confidence has dropped to its lowest point since November2023, highlighting the prevailing concerns about the region's economic outlook. In Eastern Europe, the LV selling rate rose to 4.3 mn units in April. Sales were down a modest 1%YoY, a relatively better result in compariso...

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

, increasing the value of the car. It also helps to retain customers in the HCM ecosystem.   Mrs. Yagis emphasized that brand loyalty and trust, which are essential to building long-term relationships with customers, are at the heart of this journey.   The presentation was concluded by giving an outlook on what will come next. Outlook to 2026 and beyond (ICA Summit 2025 organized by InLinum/slide: Copyright © Hyundai Connected Mobility...

Market & Tech Reports  Updated at: 2025/05/16

s and production in India, Suzuki's largest market, as well as future trends in introducing battery electric, hybrid, and CNG vehicles based on the mid-term management plan.   Related reports: Bharat Mobility Global Expo 2025: BEVs in India (Feb. 2025)Indian passenger car market: growth trends and outlook (Dec. 2024)Suzuki: Production capacity in India to exceed 4m units by 2030 (Mar. 2024)Bharat Mobility Global Expo 2024 (1) EVs and Passenger V...

Market & Tech Reports  Updated at: 2025/05/15

China Passenger Car Association (CPCA) report - May 2025 Analysis of China's passenger car sales in April and outlook for May China passenger car production and sales volumes in April 2025 Market analysis and outlook Top 10 Chinese Passenger Car Makers by Retail Sales The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for April 2025.   Retail ...

Market & Tech Reports  Updated at: 2025/05/14

units. This figure represents the lowest level in four years, primarily due to weakened consumer demand both domestically and internationally. Notably, domestic sales were a significant driver of this downturn. In light of various global economic challenges, GlobalData has revised its 2025 export outlook downward by 4% from its previous projection. GlobalData now anticipates a full-year contraction of 3% y/y, culminating in an export volume of ...

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

as it struggles to grow BEV demand. Even so, global output is slated to contract in Q2 2025 (-5.8% YoY) before rebounding in Q3 (+4.9% YoY), due mainly to positive base effects.Hyundai GroupWe now anticipate that Hyundai Group's global production will post flat growth (0% YoY) in 2025. Its longterm outlook, however, has been slightly upgraded to 8.15 mn units (+1.4% CAGR) in the period to 2032.StellantisStellantis’ global output is set to decre...

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

rt LVs from China to the US. The latest tariff news came after our Q1 sales and production forecasts were finalized. Therefore, the data contained in this release should largely be considered a pre-tariff view, although some uncertainty from a lack of clarity over trade policy was factored into the outlook. While our Q1 forecast saw US sales reaching 16.1 mn units in 2025, the outlook likely would have been around 16.2 mn units – boosted by the...

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

GlobalData Global Light Vehicle Sales Update (March 2025) Summary Commentary For March, the Global Light Vehicle (LV) selling rate is estimated to be 90 mn units/year, an improvement on the previous month and higher overall than the 2024 result. In YoY terms, the market was up 7% last month and 6% YTD, though clouds are gathering over the global economic outlook. The key markets of the US, China, and Western Europe all experienced growth in Mar...

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

China Passenger Car Association (CPCA) report - April 2025 Analysis of China's passenger car sales in March and outlook for April China passenger car production and sales volumes in March 2025 Market analysis and outlook Top 10 Chinese Passenger Car Makers by Retail Sales The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for March 2025.   Ret...

Market & Tech Reports  Updated at: 2025/04/11

s substantial challenges and potentially harmful consequences for various Western European economies, many of which depend heavily on the US for a significant portion of their exports. Added to which, the recent the stock market sell off will have negative wealth effects. GlobalData has lowered the outlook for 2025, projecting car sales to fall short of 2024’s total market, though the economic situation is currently very fluid, and an even weak...

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

Y, as Hyundai successfully shipped greater volumes overseas to boost plant utilization. Vietnam's production also remained resilient (+13% YoY) as Hyundai increased production of the popular Hyundai Creta SUV and Hyundai Accent Sedan.     GlobalData comments regarding Hyundai Group’s Trends and Outlook as follows:   Trends: The group is reorganizing its Chinese plants to contribute more actively to its export business rather than serving the...

Market & Tech Reports  Updated at: 2025/04/07

Mazda: BEV Transition to Progress in Stages Expanding the CX series of large models; developing NEVs with Changan Automobile Summary Announced Lean Asset Strategy Plans for the introduction of electrified vehicles Battery procurement: Partnership with Panasonic Energy Mid-Term Management Plan: Phased advancement of BEV conversion Production and sales in the U.S. Performance outlook for FY2024 (ending March 2025) GlobalData sales forecast: Mazda t...

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

th the technologies shaping the future of mobility. e-axle presented by Tata Motors Electric truck with charging station at Omega Seiki booth     Related reports: Japan Commercial Vehicles: Electrification and Business Alliances (Jan. 2025) Indian passenger car market: growth trends and outlook (Dec. 2024) 2024 China Commercial Vehicle Forum: Commercial Vehicle Trends (Apr. 2024)Bharat Mobility Global Expo 2024 (3) Commercial Vehicles...

Market & Tech Reports  Updated at: 2025/03/27

month, with dealers highlighting weak market sentiment, especially for entry-level models. They also point to conversion delays and challenging targets, saying automakers should stop burdening dealers with excess inventory. Inventory levels for passenger cars ranged from 50-52 days. The short-term outlook for retail auto sales in March was cautiously optimistic, with about 45% of dealers expecting growth, 40% expecting flat sales and 14% expecti...

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

sold overseas. Sales are expected to fluctuate slightly in the next three years, but overseas sales are expected to increase year by year. Sales in 2028 are expected to be 1.85 million units, of which 248k units will be sold overseas. GlobalData comments regarding Changan Auto Group’s Trends and Outlook as follows: Trends: In December 2024, Changan sold over 145k units, representing an increase of 45% YoY. After continuing to catch up at the e...

Market & Tech Reports  Updated at: 2025/03/12

China Passenger Car Association (CPCA) report - March 2025 Analysis of China's passenger car sales in February and outlook for March China passenger car production and sales volumes in February 2025 Market analysis and outlook Top 10 Chinese Passenger Car Makers by Retail Sales The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for February 202...

Market & Tech Reports  Updated at: 2025/03/12

QNX's Role in the Software-Defined Vehicle Ecosystem Interviews with QNX, a division of BlackBerry Ltd. Summary QNX's definition and vision for the SDV Recent product developments for SDVs QNX's recent collaborations for SDV development and deployment Security and safety Future Outlook   This report provides QNX's vision, strategy, technological developments, recent collaborations with vehicle manufacturers and Tier 1 suppliers, and its o...

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

s act as a drag on the health of the European economy and consumer affordability. In a region in which sales and overall economic growth remains stagnant, the EU commission is easing rules on emissions standards that had the potential to drag further on sales in 2025. Nonetheless, the market growth outlook remains limited. The PV selling rate for Western Europe stood at 12.6 mn units/year, up on both January 2025 and February 2024. However, ov...

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