in new car sales in January and a significant decrease in the share of xEVs. Trends in xEV market share in 12 major countries and 3 Nordic countries Click on the legend buttons to display only the relevant data. Norway Sweden China Finland UK Germany France Thailand Korea USA Italy Canada Brazil Japan India Copyright (C) MarkLines Co., Ltd. All rights reserved. *Data for Korea for the month is not shown because data on some  HEV un...

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

sales falling to 69k units (-46% MoM) or down 17% YoY, pointing to an unusually soft start to the year. The steep decline reflects a renewed collapse in imports (-37% YoY), driven by the higher vehicle recycling fee, January’s VAT increase and tighter import restrictions, effectively acting as a tariff shock. The Turkish PV market grew for an eleventh consecutive month as sales totalled 61k units in January 2026. The selling rate was up 9% YoY...

Market & Tech Reports  Updated at: 2026/02/24

ast to increase by 3.8% YoY to 92.13 mn. -The global LV market has performed well in 2025, not only by comparison to the 2024 result, but also considering the turbulent nature of the macroeconomic picture, in particular the turbulence created in spring when the US administration announced increased tariffs on trading partners. For the first 11 months of 2025, global volumes were up over 4% YoY, putting the market on course for the best result of ...

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

tput is also expected to remain stable at 140k units within the forecast horizon.Volkswagen GroupVolkswagen Group’s global LV build is set to contract by 3.8% YoY in Q4 2025, tempering full-year growth to 0.4% with 8.75 mn units built in 2025. Output has been affected by the introduction of Trump tariffs from April 3, 2025, with sales of group imports in the US falling by 21% YoY from Q2-Q4 2025. Despite the government intervention in the “pr...

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

.9% y/y, but in Q4 sales slowed down in the two major markets of China and the United States, and the growth rate (18.0% y/y) fell short of the previous year's growth rate (27.1% y/y).   The year 2025 saw a series of changes in the environment related to electric vehicles, beginning with the Trump tariffs, followed by export restrictions on semiconductors and rare earths, and a review of CO2 emission standards in the EU. Sales of EVs are still s...

Market & Tech Reports  Updated at: 2026/01/26

electric vehicles in 12 major countries and 3 Nordic countries. Share of electric vehicles in 12 major countries and 3 Nordic countries *By clicking the button below the graph, only the relevant data will be shown. Norway Sweden China Finland UK Germany France Thailand Korea US Italy Canada Brazil Japan India Copyright (C) MarkLines Co., Ltd. All rights reserved.   Norway’s share ranked first, up 8.5 points from the previous month t...

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

maintain the standards, but only for 2025-2027, looking at compliance based on a three-year average instead of a single year.   In addition, the government launched an investigation into low-priced BEVs made in China (using Chinese government subsidies), and after imposing a provisional additional tariff (38.1%), the tariff was officially implemented in December 2024 at 35.3%.   * See section III-1-6 for description of European Batteries Regula...

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

wait-and-see approach, such that vehicle transaction prices have not been cranked up, while deals coming through with trading partners are also helping to de-escalate pricing pressures moving forward. Recent agreements between the US and trade partners, including the EU, Japan and Korea, see import tariffs being set at 15%. ChinaEntering 2025, as the scrapping and renewal subsidy was extended and the price war situation changes, the domestic aut...

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

jected to peak in 2025, before stabilizing at around 10 mn units in the medium to long term. Although demand in China is currently strong, this trend is not expected to last, and volumes in the country could fall significantly in 2024-37. Earlier this year, trade negotiations over the new US import tariffs were the biggest issue globally. However, deals with major markets have mostly concluded, and we anticipate that the group’s North American ...

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

illion units through 2028. Production in China is expected to decrease below 500,000 units, while Japan is projected to maintain 800,000 units level, and in Mexico and the U.S., each around 500,000 units level. (GlobalData, September 2025) North America   In response to new US import tariffs, Nissan plans to relocate a portion of its Rogue production to the US. Currently, the Rogue is manufactured in both the US and Japan, with the...

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

U.S., there was a rush to buy before the end of the federal tax credit for EVs at the end of September. In the U.K., the number plate switch led to an increase in overall new car sales, as in previous years in September.   In addition to developments in various countries regarding additional U.S. tariffs and China's restrictions on rare earth exports, we will continue to closely monitor the changes in preferential treatment for electric vehicle...

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

5% from the same period in 2024. The key markets of the US, Western Europe, and China all experienced growth driven by various factors. In the US, the surge was largely attributed to advanced EV purchases ahead of the tax credit deadline, though non-EVs also performed well as manufacturers absorbed tariff costs, mitigating price increases. In Western Europe, countries like the UK, Spain, and Germany enjoyed YoY growth, despite it being a tough ye...

Market & Tech Reports  Updated at: 2025/10/21

ring capabilities. This collaboration can create high-value investments, jobs, and sustainable businesses. It will create technological advancements and stronger supply chains.  India and the EU can overcome geopolitical challenges through a strong trade agreement. This free trade deal would lower tariffs on components like engines and brakes. It will speed up the adoption of advanced technologies in India. Together, India and the EU can tackle ...

Market & Tech Reports  Updated at: 2025/10/09

ut up a slight 0.3% y/y. The market share of HVs in August was 7.3%, down 1.2 points m/m and down 0.5 points y/y. Cumulative HV sales for the 2025 January to August period increased 16.6% y/y to 3.594 million units, accounting for 8.6% of total vehicle sales volume.   Regarding the additional U.S. tariffs, President Trump announced the signing of a new comprehensive tariff agreement with Japan on September 4, and automobile tariffs have been red...

Market & Tech Reports  Updated at: 2025/09/26

% y/y. The market share of HVs (hybrid electric vehicles) in July was 7.9%, down 0.6 points m/m and down 0.4 points y/y. Cumulative HV sales for the 2025 January to July period increased 17.8% y/y to 3.178 million units, accounting for 8.6% of total vehicle sales volume.   Regarding additional U.S tariffs on the automobile sector, progress has been made in reaching agreements with the EU, Japan, and South Korea but there are many uncertainties r...

Market & Tech Reports  Updated at: 2025/08/26

ly, to 1.40 mn units. There was one extra selling day in July 2025 as compared with July 2024, meaning that sales increased by 4.6% YoY on a selling day-adjusted basis. The annualized selling rate accelerated to 16.6 mn units/year in July, from 15.2 mn units/year in June. As OEMs continue to assess tariff impacts, and seem to be unwilling to hike prices significantly ahead of their rivals, average transaction prices fell in July, to US$45,134, do...

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

models, renewal and enhancement of existing models, and utilization of alliances. Major models as of 2025 and countries of production Production model ICE HEV PHEV BEV Outlander Japan (October 2005-) Taiwan (March 2008-) - Japan(around December 2012-) - Eclipse Cross Japan (September 2017-)Brazil (July 2019-) - Japan(around December 2020-) France(around September 2025-) Xpander Indonesia (September 2017-)Malaysia (October 2020-) Bangl...

Market & Tech Reports  Updated at: 2025/07/30

f 2025 reached 2.728 million units, an increase of 19.1% y/y, accounting for an 8.6% share of total automobile sales. The increase in HV sales in the U.S. and China is the main factor for the increase.   On July 23, U.S. President Trump announced that the U.S. and Japan had reached an agreement on tariff negotiations and that reciprocal tariffs on Japan would be 15%, down from the original 25% proposed by the Trump administration. The additional...

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

Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q2 2025, global light vehicle production in 2025 is estimated to increase by 0.6% YoY to 91.0 mn.-The implementation of the new 25% US auto and auto-part tariffs has undermined our full-year global 2025 LV production outlook. Since our Q1 2025 report, we have cut the full-year outlook for 2025 by almost...

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

GlobalData as of Q2 2025, global light vehicle sales are forecast to increase by 1.3% YoY to 89.9 mn.-The latest update to the Global Light Vehicle (LV) market forecast has resulted in a significant reduction in projections, particularly for North America. The automotive sector is facing additional tariffs of 25% on imported vehicles and parts (though there are caveats to this on imports from Canada and Mexico), which are expected to raise vehicl...

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