from 15.3 mn units/year in October. Although the lack of EV tax credits was again a drag on sales, the rest of the market performed relatively well, considering that economic concerns and cost pressures due to tariffs could have caused a much more severe slowdown than we have seen thus far. Average transaction prices were US$46,205 in November, down by US$207 MoM, and up by a modest 2.0% YoY, below inflation overall. Canadian Light Vehicle sales ...

Market & Tech Reports  Updated at: 2025/12/19

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 Industry...

Market & Tech Reports  Updated at: 2025/12/15

ia International Auto Show (GIIAS), held from July 23 to August 3, more than 38,000 vehicles were sold, up from 34,887 units in 2024. GAIKINDO’s Chairman described the results as remarkable, highlighting strong consumer and commercial demand despite challenging market conditions. However, overall transaction values declined due to heightened price competition. Visitor attendance rose around 7% to 485,569, reflecting sustained public interest in...

Market & Tech Reports  Updated at: 2025/11/25

own from 52,100 units/day in September, and the annualized selling rate slowed to 15.3 mn units/year in October, from 16.4 mn units/year in September. The removal of EV tax credits hindered the market in October, with attempts to support demand through OEM incentives seemingly falling flat. Average transaction prices were US$46,412 in October, up by US$485 MoM and 3.0% YoY, as EVs became more expensive. Incentives averaged US$2,835, down by US$37...

Market & Tech Reports  Updated at: 2025/11/21

a now assumes that the trade-in scheme in China will be extended once again, until the end of 2026.-The Trump administration’s policy approach to trading partners added greater uncertainty for the US LV market’s 2025 outlook. However, OEMs have adopted a 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...

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

as completed.With this integration, in addition to the Almera, Kicks e-POWER, Navara, and Terra, the company plans to produce new models in the future. India Oragadam(shared withRenault) Nissan transferred its 51% stake in Renault Nissan Automotive India Pvt Ltd (RNAIPL) to the Renault Group. The transaction was completed by the first half of 2025, after which the Renault Group owns all the shares of RNAIP. (Nissan's production in India will co...

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

ng 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 Co., Ltd. The company is a Toyota Group supplier of plastic and rubber products, primaril...

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

er, slightly up on the August result. Some of September's strength was derived from pulled-forward EV sales, as federal tax credits ceased at the end of the month. However, even non-EVs performed well, as OEMs absorbed tariff costs, limiting the impact on pricing for most mainstream brands. Average transaction prices were US$45,927 in September, up by US$933 MoM, while incentives averaged US$3,214 in September, up by US$121 MoM. Canadian Light Ve...

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

he annualized selling rate decelerated to 16.1 mn units/year in August, from 16.6 mn units/year in July. The Labor Day weekend was counted in August, but sales were robust throughout the month, rather than only at the close. So far, tariffs are having little effect on pricing or sales, with average transaction prices at US$44,994 in August, down by US$139 MoM, while incentives averaged US$3,093 in August, down by US$19 MoM. Canadian Light Vehicle...

Market & Tech Reports  Updated at: 2025/09/22

external factors such as the worsening economic situation. In July 2023, NSK sold 50.1% of NSK Steering & Control, Inc. (NS&C) to an investment fund. The company is a joint venture with Japan Industrial Solutions III Investment Limited Partnership (JIS, Tokyo), a Japanese investment fund. After the transaction, NS&C will go from being a 100% consolidated subsidiary to a 49.9% equity method affiliate of NSK. In March 2024, the steering business an...

Market & Tech Reports  Updated at: 2025/09/18

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 JV with the Halla Group, into a wholly ow...

Market & Tech Reports  Updated at: 2025/08/21

g 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, down by 2.0% MoM. Average incentives rose by US$334 MoM, to US$3,112, enabling the remarkably strong Ju...

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

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: 2025/08/06

lopment of an immersion cooling solution (liquid dielectric) since 2022, and are currently conducting field tests to confirm performance during very fast charging. In July 2024, Valeo sold its Thermal Commercial Vehicles business unit in accordance with a EUR 500 million asset divestiture plan. The transaction was completed on June 30, 2024 and the selling price was EUR 212 million. In February 2024, the Valeo Group announced new cost reduction m...

Market & Tech Reports  Updated at: 2025/07/08

ate was hindered by the lack of Memorial Day sales events this year, as OEMs brace for the impact of tariffs. While price rises explicitly linked to tariffs are still rare, the industry is pulling back on incentives, which fell to US$2,609 in May, down by 2.6% YoY. This is leading to higher average transaction prices, which rose to US$46,193 in May, up by 3.1% YoY. Canadian Light Vehicle sales totaled 184k units in May, according to initial estim...

Market & Tech Reports  Updated at: 2025/06/19

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