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

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

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

Mexico (2) Production and exports affected by U.S. tariff concerns Production and exports reach record highs in 2024, stalling in H1 2025 Summary Mexican auto industry outlook: Impact of Trump tariffs becoming apparent Production and exports: 2024 volumes were the highest ever, but export volumes are on the decline following the inauguration of the Trump administration GM: Producing three EV models, considering transferring some pickup truck prod...

Market & Tech Reports  Updated at: 2025/07/11

ajor countries, which account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see April report Click here to see How to search EV/HV/PHV/FCV data   12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand   3 Nordic countries: Norway, Sweden, Finland   These 15 countries account for about 90% of globa...

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

ajor countries, which account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see March report Click here to see How to search EV/HV/PHV/FCV data   12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand   3 Nordic countries: Norway, Sweden, Finland   These 15 countries account for about 90% of globa...

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

3% YoY in April, to 1.47 mn units, and increasing by 7.0% YoY on aselling day-adjusted basis. The annualized selling rate eased to 17.4 mn units/year in April, from 17.8mn units/year in March. The pull-forward effect first noted in March – when consumers rushed tomake purchases ahead of potential tariff-related price rises – was still present in April, but the paceof sales appeared to weaken later in the month. This could be a sign that the i...

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

al number of electrified vehicles (xEVs), including EVs, PHVs, and HVs, was 207,646, expanding the share of electric vehicles in total vehicle sales volume from 20.7% in 2023 to 32.7% in 2024. Chinese OEMs have been taking advantage of the Thai government's support for the spread of EVs and the 0% tariffs under the ASEAN-China Free Trade Agreement (ACFTA) to import and sell EVs. In addition, in response to the recent increase in demand for hybri...

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

Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...

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