arch. 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 initial surge has ended,while average transaction prices are already rising, to US$46,054 in April, up by US$1,177 YoY, evenwithout the full impact of tariffs being in effect. In Canada, s...

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

selling day-adjusted basis. The annualized selling rate rose to 17.8 mn units/year in March, the strongest since April 2021, and up from 16.3 mn units/year in February. There was a clear pull-forward effect in March, as consumers sought to make purchases before tariffs cause prices to rise. Average transaction prices were US$44,789 in March, down by US$316 MoM, but up by US$577 YoY. Incentives declined in March to US$3,068, down from US$3,162 in ...

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

Ms Tata and Mahindra. In February 2021, Mando Hella Electronics, a 50:50 joint venture between Mando and Hella GmbH & Co. KGaA (Hella), was converted into a wholly-owned subsidiary of Mando to strengthen its electronic controls division. The acquisition price is approximately EUR 60 million and the transaction was expected to close in the first quarter of 2021. Founded in 2008, Mando Hella Electronics is based in Incheon, South Korea, and manufac...

Market & Tech Reports  Updated at: 2025/03/21

as compared to February 2024, which may have been a factor in the slowdown in sales. The annualized selling rate increased in February to 16.4 mn units/year, up from 15.7 mn units/year reported in January, but the January rate may have been disproportionately disrupted by seasonal factors. Average transaction prices slightly eased to US$45,105 in February, down by US$269 MoM, but still up by US$557 YoY. With OEMs facing uncertainty over possible...

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

027. Changan will deploy flying cars and humanoid robots. Key technologies Changan will assemble a team of more than 3,000 scientific and technical personnel and a design team of 1,500 people around the world to build a world-class arts and sciences center. 4 relationships Supplier partnerships Transaction management → management cooperation, price competition → total cost to benefit both parties, technical reliability → technology lead...

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

nt development of EVs with Honda in October 2023. The plan was for Honda to use GM's Ultium battery technology to introduce a series of affordable models priced under USD 30,000 in 2027. VW-Rivian joint venture launched   In November 2024, emerging EV manufacturer Rivian and the VW Group signed a transaction agreement to form a new joint venture company, Rivian and VW Group Technology, LLC.   The agreement is highly complementary to both Rivia...

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

a direct comparison was possible. The annualized selling rate eased to 15.7 mn units/year in January, down from 17.0 mn units/year in December. The market appeared to carry on largely as normal, despite uncertainty over the new Trump administration's policies on tariffs and EV tax credits. Average transaction prices were measured at US$45,374 in January, down by US$1,015 MoM, but still up by US$500 YoY. While incentives were up by 26.6% YoY in J...

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

the selling rate jumped to 17.0 mn units/year in December, up from the 16.7 mn units/year reported in November. Looking at 2024 as a whole, sales totaled 16.0 mn units, indicating a YoY gain of 2.6% YoY. This was the best result since the pandemic, but still 1 mn units below 2019’s total. Average transaction prices continued to grow in December 2024, to US$46,389, up by US$1,049 from November. On the other hand, incentives saw a small increase ...

Market & Tech Reports  Updated at: 2025/01/17

iod last year, while the UAW strikes in November 2023 provided a lower base for sales. Volumes for November 2024 reached 1.38 mn units, growing by 12.3% YoY. The selling rate jumped to 16.7 mn units/year, the highest since May 2021. As 2025 model year vehicles continued to enter the market, average transaction prices saw another bump in November 2024, to US$45,335, up by US$272 MoM. Incentives increased by US$233 MoM, to US$3,350, possibly due to...

Market & Tech Reports  Updated at: 2024/12/17

rowing by 11.5% YoY, or by 3.4% when adjusted for the number of selling days in the month. The annualized selling rate accelerated to 16.2 mn units/year in October, up from 16.0 mn units/year in September, the highest of the year to date. As more 2025 model year vehicles entered the market, average transaction prices increased in October, to US$45,064, up by US$528 MoM, but still US$581 lower than the figure from a year ago. Canadian Light Vehicl...

Market & Tech Reports  Updated at: 2024/11/19

reement with Apollo Group, a U.S. investment fund, in order to achieve long-term growth amid rapid changes in the automotive industry. The Apollo fund will acquire 80% of PAS shares and 20% of Panasonic Holdings. Panasonic Holdings will jointly manage the business as an equity method affiliate. The transaction is expected to be completed by the end of the 2024 fiscal year.   Motherson Yachiyo Automotive Systems Co., Ltd. (formerly Yachiyo Indus...

Market & Tech Reports  Updated at: 2024/10/25

volumes reached 1.18 mn units in September 2024, dropping by 12% YoY. Despite sales slowing YoY, the selling rate saw a strong jump in September 2024 to 16.0 mn units/year, up from 15.2 mn units/year in August. Incentives reached US$3,125 in September, the highest in the past 12 months, but average transaction prices rose by US$765 MoM, as 2025 model year vehicles reached dealerships in greater numbers. Canadian Light Vehicles slowed by 1% YoY la...

Market & Tech Reports  Updated at: 2024/10/17

and is working toward providing robo-taxis to Lyft's self-driving vehicle dispatch service in major US cities beginning in 2023. The plan to acquire Wind River Systems, Inc. (Wind River), a leading software company for intelligent edge announced in January 2022, was completed in December 2022. The transaction price was USD 3.5 billion, not the USD 4.3 billion agreed to in January 2022. In January 2023, a solution integrating Aptiv's Smart Vehicl...

Market & Tech Reports  Updated at: 2024/10/03

eiled in Indonesia(Source: MarkLines photo)    Europe United Kingdom Market entry Sales of the first model, the Atto 3, began in the UK in March 2024. Germany Sales network In August 2024, BYD acquired Hedin Automotive eMobility GmbH, an authorized dealer of BYD in Germany and Sweden. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2024. Belgium/Luxembourg Market entry The company an...

Market & Tech Reports  Updated at: 2024/09/17

on the model and vehicle class, and are also increasingly used in mini cars. The use of pop-up hoods as a pedestrian protection device is increasing among automakers, but pedestrian protection airbags have been adopted by Subaru since 2016 in Japan, and have since been expanded to more models.   Transaction / delivery status of each supplier Toyoda Gosei The company is a Toyota Group supplier of plastic and rubber products, primarily for inte...

Market & Tech Reports  Updated at: 2024/09/12

s sales dropped by 1.5% YoY to 1.29 mn units. It seems that sales did not recover from June’s CDK cyberattack as strongly as anticipated in the beginning of July. Despite sales dropping on a YoY basis, the selling rate increased in July 2024 to 16.0 mn units/year, from 15.3 mn units/year in June. Transaction prices slowed in July to US$44,140, dropping by US$694 MoM. Incentives grew by US$322 MoM, breaking past the US$3,000 level for the first ...

Market & Tech Reports  Updated at: 2024/08/15

e-Axles and other products. In July 2023, NSK Ltd. sold 50.1% of NSK Steering & Control, Inc. (NS&C) to an investment fund. NSK established a joint venture with Japanese investment fund Japan Industrial Solutions III Investment Limited Partnership (JIS) to get out of a deficit situation. After the transaction, NS&C will go from being a 100% consolidated subsidiary to a 49.9% equity method affiliate of NSK. The two companies will work to improve ...

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

ated sales were KRW 8,393,087 million (fiscal year ended December 2023). The company had 3,982 (non-consolidated) employees (as of December 31, 2023). Sales by region are 44% in South Korea, 27% in China, 18% in the U.S., 10% in India, and 17% in other countries including Europe (excluding internal transactions and consolidation adjustments). In February 2021, Mando turned Mando Halla Electronics, a 50:50 joint venture with the Halla Group, into ...

Market & Tech Reports  Updated at: 2024/07/19

have slightly staggered in June 2024, as sales dropped by 4.2% YoY to 1.32 mn units. Sales in the country took a hit mainly due to the CDK cyberattack disrupting business operations for dealerships. The selling rate slowed in June to 15.3 mn units/year, down from 16.0 mn units/year reported in May. Transaction prices saw a slight bump in June, increasing by US$21 MoM bringing the value to US$44,834. Incentives continue to exceed past the US$2,000...

Market & Tech Reports  Updated at: 2024/07/17

omponents Co., Ltd. (CQYFAS) and a 100% stake in Yanfeng Adient (Langfang) Seating Co., Ltd. (YFAS-LF). With the acquisition of YFAS's stakes in CQYFAS and YFAS-LF, Adient will continue to integrate these businesses in the future. YF will operate the remaining YFAS as a wholly owned subsidiary. The transaction is expected to close in the second half of 2021. In this regard, Adient has also signed a contract with Chongqing Boxun Industrial (Boxun)...

Market & Tech Reports  Updated at: 2024/07/04