Summary
⋆An updated version of this forecast report will be released every quarter
-According to a report by GlobalData as of Q1 2025, global light vehicle sales are forecast to increase by 3.0% YoY to 91.5 mn.
-This update does not take account of the US tariffs that are being brought in as the Trump administration looks to reshore production in the US. If these tariffs remain in place this would hit the US market as prices increase on many vehicles (47% of LVs sold in the US in 2024 were assembled outside the country, and those that were built in the US generally contain significant percentages of imported content), and we could see 1-2 million fewer vehicles sold per annum over the next few years if deals are not done and some tariffs are reversed.
-While the base forecast presented in this report does focus on growth, we will be providing ongoing updates as the tariff story becomes clearer, with a global downward revision a working assumption unless the US reverses course.
Local Reconstruction Note
This article has been expanded from the visible local mirror text, headings, tags, image captions, tables, and related local article titles. It is presented as a reconstructed reading version, not as a hidden original document.
Commentary by GlobalData
The source outline identifies this section as part of “Global Top 10 Countries Sales Forecast (Q1 2025)”. Based on the available local metadata, this section should be read through the lens of GlobalData, Sales Forecast, Vehicles & OEMs, Market Forecast, China, USA and the visible introduction, figures, captions, and tables.
Related Local Signals
Nearby records in the local archive include Taipei AMPA 2026: Foxconn’s EV Technology; Smart Energy Week 2026: Batteries and Charging; Electrified Vehicle (xEV) Sales Monthly Report (March 2026); Geely i-HEV Intelligent Hybrid Technology Presentation. These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.