transport of auto parts was disrupted by road closures and labor https://lmc-auto.com/wp-content/uploads/2019/06/APF-Compass-GIF.mp4. This is set to identify a new users first session. The Global Light Vehicle Production Forecast is a vital tool for any component supplier, OEM or industry participant looking to gain an unbiased and unrivalled perspective on the Light Vehicle production industry. COVID-19 outbreak first started in mainland China, the government that the consumer electronics sector commands to semiconductor *At the time of writing April 2021. This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. Taiwan Semiconductor Manufacturing Company (TSMC) and United Northeast Asia, Europe, and North America will So any attempt at forecasting how the industry will fare in 2021 will likely find a doubting audience, and anyone saying what will happen further out into the future will be seen as either brave or foolish. IHS Markit Automotive forecasts light vehicle production to grow about 14% in 2021. articles Conclusion Just as the automotive industry started to experience a moderate All of our services can be customised to meet your information and budget needs. automotive semiconductor require longer durability and the ability processes of semiconductors, which make new capacity building a Previously, the firm projected production of 83 million in 2021 and 90 . by 6% in mainland China, by 14% in Europe, by 24% in North America, The Content shall not be used for any unlawful or unauthorized purposes. In 2021, 76,864,147 million Light Vehicles were produced 2021 Toyota RAV4 340B The highest produced model with 987k units 1.59mn Liuzhou The highest producing plant in 2021, with 96% capacity utilisation Compass Visualise, customise and analyse our Global Light Vehicle Production Forecast on Compass, our new delivery and interactive analytics tool. The cost of a battery pack manufactured in mainland China will fall another30% between 2020 and 2027 to USD98/kWh. Global Auto Sales Forecasts: The Recovery Gears Up, Indonesia And Vietnam Developers Face Steeper Path To Growth, Instant Insights: Key Takeaways From Our Research, Credit FAQ: S&P Global Ratings' Evolving View Of Ontario's Regulatory Construct, European Air Travel Defies Economic Pressures On Robust Demand. This cookie is set by GDPR Cookie Consent plugin. In 2019, In addition to its alliance with MarkLines, the company has alliances in the heavy commercial vehicle industry with ACT Research, in macro-economic forecasting with Oxford Economics, in various technology areas with Knibb Gormezano and Partners,and it still retains close links with J.D. For 2022, IHS Markit forecasts a rebound in light vehicle production of 9.0 percent, to 82.3 million units. The latest global light vehicle manufacturing forecast from GlobalData unit LMC Automotive shows growth in 2022, despite a worsening outlook for the global economy and the . severely impacted by the COVID-19 pandemic. India is a major automobile market - a force to reckon with not only in South Asia but globally. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Market & Tech Reports Global Top 10 OEMs Production Forecast (Q4 2021) Global Top 10 OEMs Production Forecast (Q4 2021) Global production forecast to increase by 2% to 76.42M in 2021, 86M in 2022, and 93M in 2023 2022/01/25 Summary Commentary by LMC Automotive Summary An updated version of this forecast report will be released every quarter S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P publications and third-party redistributors. The year started out much more. Ratings driven by the number of cars on the road and miles driven by these It sets a unique ID to embed videos to the website. PV and LCV market shares in Thailand normalise after temporary COVID-19 distortions. {"name":"login","url":"https://connect.ihsmarkit.com","enabled":true,"desc":", Discover more about S&P Global's offerings, See how you can leverage S&P Global insight to support your business decisions, Get free light vehicle production forecast. These factors are mitigating the supply disruption crisis on manufacturers' earnings. Car Production Forecast 2023/2024 - was last updated on Sunday, June 11, 2023. regional production is not expected to surpass the production level Sodium-ion batteries is salt as sweet as we think? Any Passwords/user IDs issued by S&P to users are single user-dedicated and may ONLY be used by the individual to whom they have been assigned. Sign in to the product or service center of your choice. other parts of Northeast Asia. Posted 25 March 2021 by Bill Hyde, Executive Director, Olefins & Elastomers, Automotive Transition Raises Strategic Questions for Chemicals Companies, Lithium demand, supply and the electric vehicle, ! Next year the global auto market will zoom ahead by 9% to 83.4 million, advance another 5% in 2022 to 86.9 million followed by another solid 4% in 2023 to 89.7 million. This is, however, well below peak volumes in Q1 2018 of 7.1 million. To keep up to date with the latest #CHEMICAL https://t.co/8QsThUNGcS, {"items" : [ 2020, Northeast Asia excluding mainland China accounted for 15% and S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof. The IMF forecasts the global economy to grow by 5.9% in 2021 and 4.9% in 2022. Just contact us to let us know what you need, and our team of experts will be able to provide you with a quote. year, slightly surpassing the level reached in 2019. focus, we will look at the automotive industry outlook in 2021 S&Ps opinions, analyses and rating acknowledgment decisions (described below) are not recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. Part Two Outlines Some Social Problems, Investors And Buyers: Very Confusing Sustainability Choices In The Auto Industry, Phantom Auto Buys Voysys To Boost Remote Operation Capabilities. manufacturers. mainland China alone accounted for 31%, while the other two regions This webinar series is taking the pulse on a number of current automotive-demand-related topics. For more information download the Global Light Vehicle Production Forecast leaflet. . Mainland China, on the other hand, experienced the least impact The growth of electric LMC Automotives Global Light Vehicle Production Forecast is the best available source of global forecasts and strategic information on Light Vehicle production. Our base-case scenario, however, is that normalization will take the whole of 2021. The OE Linkedin - Used to track visitors on multiple websites, in order to present relevant advertisement based on the visitor's preferences. On a regional have started and improving mobility indicators around the This domain of this cookie is owned by Vimeo. We now expect restocking to be delayed into 2022 and 2023. electronics sector for 5G phones and infrastructure, new gaming Have a global overview of the market, or drill down to your specific requirements, whether that be Sales Group, Plant or even Platform. Understand long-term sourcing implications and discover growth opportunities. This allows easier access to, and use of, our forecasts. globe. Three regions continue to lead the global automotive industry. Notably, car density in China, as measured by the number of vehicles per 1,000 adults, is only 25% that of the U.S., which demonstrates the strong potential for volume growth that few other markets in the world offer. Visibility on the semiconductor shortage crisis is still very low and hopes of a recovery in the second half of this year are fading. This time last year experts were saying that the global auto market in 2020 would arrest the slowing trend seen since 2017, and then look what happened. It is used by Recording filters to identify new user sessions. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. View reports containing market forecast information. Analytics cookies help us understand how our visitors interact with the website. Visibility over when supplies will normalize remains very poor. There is renewed enthusiasm for owning and driving a car, at least while the virus remains a threat, LMC Auto said in a report. demand is driven by the number of new vehicles produced. To keep up to date with the latest #CHEMICAL https://t.co/nvKtOBBQPr, ! This sales volume is forecast to keep increasing in 2022,. Forecast Reports by Region/Country Powertrain composition ratio prediction (renewed every 6 months) for global light vehicle sales The information provided is based on LMC Automotive's current prediction for January 2023. had to maintain low production rates as efforts to contain the This cookie is native to PHP applications. Global light vehicle production growth is driven by three regions, Electric vehicles (including plug-in hybrids) are set to increase in 2021 to a 6%-8% of the global share of the market, after comprising a 4.4% share in 2020 and 2.5% in 2019. Vehicle production reached in 2019 except for mainland China. After a disastrous 2020 for the global automotive sector, an upturn is expected in 2021, but carmakers worldwide will demand to seek out growth pockets while pushing through extensive. The European market will drive this growth. automotive industry. COVID-19 and the measures taken to contain the spread of the virus dealt a double blow to the already faltering automotive market, disrupting supply chains and depriving the industry of the bricks-and-mortar retail environment on which it heavily relies, ABI Research said. Global sales of cars and SUVs had been in gradual retreat from the 94.3 million high of 2017, but then dived about 16% to 76.5 million in 2020, according to IHS Markit The forecasts for global BEV passenger car sales are 23.5 million in 2030 - approximately 26.4% of total global sales of 89 million cars. features. All Americas Asia China EMEA However you may visit Cookie Settings to provide a controlled consent. These cookies will be stored in your browser only with your consent. Political strategies for a green-led economic recovery from the COVID-19 pandemic will wing electrification of the global light vehicle fleet. The auto sector demonstrated greater resilience than other consumer durables in 2020 and is thus not expected to be the main beneficiary of recovering private consumption. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. IHS Markit experts are closely analzing the butadine market with S&P reserves the right to disseminate its opinions and analyses. The Green Deal in Europe, the ambitions of the Biden Administration to drastically curb emissions in this decade, and the Chinese government's targets to increase the proportion of new-energy vehicles to 20% of sales by 2025 (from 5.5% in 2020), all point clearly down the electrification path. - This account will be retired in 2 days. E--Estimated. This category only includes cookies that ensures basic functionalities and security features of the website. Can China be caught in the BEV race? synthetic and natural rubber is expected to increase as strong The U.S. light-vehicle forecast for 2021 is now about 16.5 million units, says Jeff Schuster, president of global forecasting for LMC Automotive, at the Center for Automotive Research. Forbes Innovation Transportation Strong Growth Forecast For Global Auto Sales In 2021 With Europe Strongest, Barring Anything Unexpected Neil Winton Senior Contributor Jan 3,. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages. The cookie is a session cookies and is deleted when all the browser windows are closed. Automotive production drastically decreased as Necessary cookies are absolutely essential for the website to function properly. Martin Placek Research expert covering transportation and electronics Get in touch with us now , Sep 29, 2022 Amid the Covid-19 pandemic, the global light vehicle production dropped to some 70. slowdown, the semiconductor shortage crisis has hit the automotive Rating-related publications may be published for a variety of reasons that are not necessarily dependent on action by rating committees, including, but not limited to, the publication of a periodic update on a credit rating and related analyses. Across the regions, the recovery in global auto sales remains uneven. Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees. To keep up to da https://t.co/yPzg4KYP4d, ! had 15-20% declines. Much of this recovery can be attributed to the coordinated effort of the EU member states to drive regional recovery from the pandemic through measures such as the EU Recovery Fund and EU Green Deal. On a global scale, we see EV penetration in the 6%-8% range in 2021. U.S. Auto Sales Forecast Lowered For 2021, With A Bumpy Road In 2022; EVs Gear Up To Expand Share, Oct. 14, 2021 Industry Top Trends Update: Autos EMEA, July 15, 2021; Industry Top Trends Update: Autos North America, July 15, 2021; The Hydrogen Economy: For Light Vehicles, Hydrogen Is Not For this Decade, April 22, 2021 China Auto Industry Is . According to forecaster LMC Automotive, the crash in global car sales earlier in the year and the subsequent powerful recovery, augurs well for the industry, particularly as China, the worlds biggest market, was leading the way. LMC Automotive is headquartered in Oxford, UK, and has offices in Detroit, Shanghai, Bangkok, Frankfurt and Paris. To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgment at any time and in its sole discretion. from COVID-19, where production was only down about 4%. The low volume expectations for September 2021 put the month on course to be among the worst in the past decade. Automotive group forecasts strong production growth this year. China and the U.S. are powering the recovery of global demand for autos, supported by rebounding private consumption in China and massive economic stimulus in the U.S. China has greater prospects for growth than the other regions. earlier and increased production rapidly. mainland China is expected to reach around 24.8 million units this This reflects the fact Europe is coming back from not just an estimated decline of 18% in 2020, but also a weak year in 2019 with growth of just 0.4%, Fitch Solutions said in a report. The global green energy market size was valued at USD 900 billion in 2021 and is expected to surpass USD 1950 billion by 2028, registering a CAGR of 8.5% during the forecast period (2022- 2028 . - This account will be retired in 4 days. basis Europe; North America; Northeast Asia excluding mainland Copyright(C)MarkLines Co., Ltd. All rights reserved. increased last year as mainland China was the first market impacted This website uses cookies to improve your experience while you navigate through the website. @SPGlobal celebrates #PrideMonth. The potential further tightening of CO2-reduction goals in Europe, on the political agenda this summer, has already resulted in more aggressive fuel-mix strategies by producers with sizable operations in the region. very close relationship with automotive production because OE tire 2021/07/28 Summary Commentary Summary An updated version of this forecast report will be released every quarter According to LMC Automotive's forecast (as of the second quarter of 2021), global light vehicle production in 2021 is expected to increase by 13.8% year-on-year to 85.06 million units. By clicking Accept, you consent to the use of ALL the cookies. This cookie is used by vimeo to collect tracking information. In this These developments lead us to assume, in our base-case, that electric vehicles, including plug-ins, will approach 10% of U.S. light vehicle sales by 2025. fruit over the short term and will force automotive OEMs and their Covid-19 hits car demand It had been estimated pre-pandemic that international car sales were on track to reach 80 million. RE segment accounts for the rest. IHS Markit (NYSE: INFO), a world leader in information, analytics and solutions, forecasts new light vehicle sales of 83.4 million globally in 2021, up 9% from a 2020 projection of 76.5 million, as industry demand levels emerge next year in the wake of recovery from the COVID-19 pandemic - especially in major markets. This leads us to believe that our initial assessment of net loss production of up to 3 million units for the industry as a whole in 2021 may have been too optimistic (see "Global Semiconductor Shortages Could Chip Away At The Auto Sector's Recovery In 2021," published on Feb. 10, 2021, on RatingsDirect). In Western and Central Europe sales will revive by 11.1% in 2021 to 15.25 million, move up to 16.58 million in 2023, says IHS Markit. Based on manufacturers' first-quarter results, we expect supply disruption to further deteriorate in the second quarter and hopes for a recovery in units in the second half of the year are starting to fade. more semiconductor content than conventional propulsion systems. Supply disruptions and the ongoing pandemic have caused the IMF to downgrade its outlook recently, but 2022's. A short report by LMC analysts. Find the most up-to-date statistics and forecasts about global motor vehicle production . automotive industry started when the supply lines were already This account will be retired tomorrow. View recent trends in the automotive industry. properties. which are Northeast Asia, North America, and Europe. Can Brazils commercial truck fleet turn electric? S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENTS FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. There are no easy fixes to the Leading data and analytics company GlobalData isnt so sure, warning that Europe could be in trouble as coronavirus infections increase again and significant population restrictions return or are tightened in a number of markets. Implications for the Global Automotive Industry Counter-synchronizationof auto sales cycles acrossworld regions continues with emerging markets and developed markets on opposite waves; wave amplitude likely to dissipate in time Increased risk of new disruptive Risk of broad retreat from globalization Trump, Mexico, China Brexit, Eurozone However, we have substantially realigned our projections, owing to the shortage of electronic components since the end of last year, further exacerbated by unexpected supply-chain disruptions in 2021, such as the fire at a major Renesas Electronics Corp. semiconductors supplier in Japan and climate issues in Texas that triggered the closure of chip-making plants. automotive production saw less than 5% decline while other regions Mainland China is expected to lead the global production growth capacity constraints owing to the long and complex manufacturing pandemic continued. Global C4 Olefins & Elastomers Market Advisory Service. You also have the option to opt-out of these cookies. The outlook will continue to be characterized by the availability of automotive-grade chips, at least until 2023. In our Automotive Sector Outlook, published in January, we outlined expectations for global passenger car sales growth of 7% to 9% in 2021. Credit-related and other analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact. Dublin, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The "Battery Market by Type, by Application, and by Power Systems - Global Opportunity Analysis and Industry Forecast 2022-2030" report has been added to . China; and South Asia, comprising Southeast Asia and the Indian Use the range of visualisations to customise the data to show the information you need. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives. recovery in production levels following a pandemic-inflicted Moving into 2021, however, the automotive industry should not expect a return to the new vehicle sales volumes of recent years. BEV-Battery electiric vehicles. This cookie is installed by Google Analytics. source: MarkLines Co., Ltd. heads-up displays (HUDs), safety features, and ADAS technologies Asia. shortage to last until the third quarter of 2021, when reallocation automotive industry and electronics or memory have different These hybrid and fully electric vehicles often are equipped with The pace of auto sales, or seasonally adjusted annual rate (SAAR), is expected to finish near 14.3 million, the slowest sales pace this year, according to a Cox Automotive forecast released today. Intel, Samsung, and Qualcomm produce semiconductors for personal Ford and Chevrolet brand loyalty depends on pickups, 8 vehicle inventory trends you should know about in May, Indias #netcarbonzero commitments globally & moving away from its dependence on crude imports resulting in #MHCV https://t.co/EPkU6vPug5, RT @SPGlobal: . It helps us understand the number of visitors, where the visitors are coming from, and the pages they navigate. This cookie is installed by Google Analytics. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. It stores a true/false value, indicating whether this was the first time Hotjar saw this user. This cookie is used to detect the first pageview session of a user. No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poors Financial Services LLC or its affiliates (collectively, S&P). However, the OE and RE shares are semiconductor sourcing strategies. spread relatively quickly compared to other regions and automotive Ready, Set, Go! The crisis has highlighted that production also restarted relatively quickly while other regions Yet, mass adoption of electric cars still requires a much more granular charging infrastructure and local supply chains for battery cell production. segments, original equipment (OE) and replacement (RE). Also, the circumstances of the coronavirus have rebounded in favor of the car because of its private, sealed nature and its immunity from contact with the general public. The market size is expected to remain subdued until 2024 given the prospect of repeated lockdowns, long-term remote working, and a bleak macroeconomic outlook, ABI Research said. All forecast data is provided by LMC Automotive Ltd., a U.K based research company. The Nokia moment for Chinas auto market has arrived. platforms, and IT equipment. after the sharp decline due to COVID-19 last year. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Although the latest figures show an improvement from previous estimates,. cars. Published monthly, our forecasts provide insightsfor short-term (operational) monitoring, midterm(tactical) planning and long-term (strategic)initiatives. Unlike semiconductors for electronics or memory, /ratings/en/research/articles/210511-global-auto-sales-forecasts-the-recovery-gears-up-11952032 Power and Associates in 2004 before returning to the LMC group again in 2011. In 2020, global light vehicle production was Valeo, in its recent outlook for 2021, indicated that its base case scenario for the industry assumes 10% growth in global automotive production this year. Global automotive . already-constrained foundries. After roughly stagnating from 2017 to 2019s 18.1 million, sales in Western and Central Europe slumped 24.2% in 2020 to 13.73 million. 50+ countries/territories divided into 7 regions. This analysis of data for 99% of global light vehicle production and 30+ attributes is designed to help you: In addition to the base forecasts, Automotive offers an array of optional add-on modules that expand the depth and detail of our analysis. Microelectronics Corporation (UMC), have announced investment plans Global light vehicle production in 2021 is expected to finish at 75.5 million units, a paltry 1.2% improvement over 2020 levels. This contrasts with North America where we forecast the lowest level of growth of just 5.9% in 2021, Fitch Solutions said. stretched by significant demand for chips from the consumer supply security. North America decreased. The pace of recovery is uneven regionally, with China leading, North America following, and Europe likely lagging behind. This seven-year forecast offers comprehensive future vehicle cycle plans, projected volumes and plant capacity utilization data for OEMs and suppliers, with monthly updates and add-on planning and analysis tools. Find out more abut our Global Automotive Sales Forecast, Find out more abut our Global Light Vehicle Powertrain Forecast, Find out more abut our Global Hybrid and EV Forecast, Find out more abut our Global Commercial Vehicle Forecast. the automobile industry, given that EV systems require considerably While almost all global auto manufacturers will have to idle production at some stage this year, the impact of the chip shortage varies substantially between companies. Data forecasting firm IHS Markit said global light-vehicle production could be cut by 6.2 percent about 5 million vehicles in 2021.. That is the largest single adjustment to its outlook in . The global automotive industry will witness double-digit growth in 2021 but it will not be enough to make up for the slump caused by the coronavirus (Covid-19) pandemic. Given the record low inventories across the industry at the end of last year, we initially anticipated a fast rebound of light vehicle production this year. This cookie is set by LinkedIn and used for routing. Will the EUs 2035 ban on ICE light vehicles impact total vehicle sales? Although major semiconductor suppliers, such as Taiwan-based Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. The COVID-19 impact on automotive industry was devastating. Set long-term planning, including calendar-year forecast volumes years 812. Other major semiconductor manufacturers such as Man in respiratory mask drives a car while holding a steering wheel. Updated on a quarterly basis, this service provides the outlook for Light Vehicle production by region, country, sales group, segment, brand and model, as well as sales by region, country, sales group, segment and brand. Faurecia expects a recovery in worldwide automotive production by more than 15% (to 82.3m units) over the two-year period of 2020-22. December 17, 2020. Its automotive forecasting services cover global sales, production and powertrain. Optimistic views on the automotive industry this year are Fitch Solutions agrees with this overall development pace, with global sales also up 9.0% to 83.7 million in 2021 and reckons Europe will be the best performer in 2021. year, led by mainland China followed by Europe, North America, and have pursued may not bode well with production and scale cycles We honor the experiences of our LGBTQ+ colleagues & allies, and remain committed to their, The Indian Medium and Heavy Commercial Vehicle industry showed promising growth. In the U.S., the Biden Administration has announced a commitment of $174 billion to accelerate the deployment of electric vehicles, including point-of-sale rebates and tax incentives, and a national network of 500,000 chargers by 2030. increased demand from the replacement tire sector as vaccinations This cookie is set to let Hotjar know whether that visitor is included in the data sampling defined by your site's pageview limit. Determine the impact of industry drivers like oil prices, natural disasters, GDP. As a result, certain business units of S&P may have information that is not available to other S&P business units. The Content is provided on an as is basis. China increased while that of other Northeast Asia, Europe, and Vehicle production is expected to increase The sales pace in the U.S. market has fallen every month since reaching a peak of 18.3 million in April. IHS Markit Automotive expects the to be resolved soon. We expect global light vehicles sales will increase by between 8% and 10% this year to 83-85 million units, from 77 million in 2020. esgSubNav, Discover more about S&P Globals offerings, Second Party Opinions & Transaction Evaluations, U.S. Local Governments Credit Scenario Builder, Electrification Now On A Clearer Global Path, "Global Semiconductor Shortages Could Chip Away At The Auto Sector's Recovery In 2021,", The Hydrogen Economy: For Light Vehicles, Hydrogen Is Not For this Decade, China Auto Industry Is On Track For Healthy Growth, Global Semiconductor Shortages Could Chip Away At The Auto Sector's Recovery In 2021, After Ending 2020 Strongly, U.S. Auto Sales Are Set To Continue Recovery In 2021. accounted for 40%. LMC Automotive is known and respected worldwide for the quality of its globalautomotive forecastingand market intelligence services and its highly responsive customer support. Turning to 2021, we expect a rebound in the global light vehicle market of around 15% to 85 million. and lockdowns. Vehicle production is expected to increase by 6% in mainland China, by 14% in Europe, by 24% in North America, and by 7% in other parts of Northeast Asia. different, with developed countries having higher RE shares while However, we now see a quicker global rebound after sales in 2020 exceeded our expectations as a result of pent-up demand and successful measures to stimulate demand in the second half of the year. U.S. auto sales forecast to plummet in third quarter as chip shortage plagues industry Published Thu, Sep 30 2021 3:25 PM EDT Updated Thu, Sep 30 2021 5:18 PM EDT Michael Wayland @MikeWayland - A new journey for a new year! capital-intensive and time-consuming affair. developing countries have higher OE shares. Last year, the share of these vehicles was barely 2%. ATLANTA, Aug. 25, 2021 - U.S. auto sales are forecast to be squeezed even tighter in August by a worsening supply situation. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. This does not materially diverge from our previous forecasts of 7%-9% growth for 2021. and by 7% in other parts of Northeast Asia. automotive industry was able to restart vehicle production much Nonetheless, demand remains sustained, particularly in China and the U.S. This cookie is set to let Hotjar know whether that visitor is included in the data sampling defined by your site's daily session limit. The cookies is used to store the user consent for the cookies in the category 'Necessary'. Sales volume is expected to be down nearly 26% from last September and down 8.5% from last month. Ford already suffered a 17% negative impact on its planned production in the first quarter compared with 11% at Stellantis, the group created from the merger of Peugeot and Fiat Chrysler Automobiles earlier this year. If the vaccines can put the virus into reverse by Q2 2021, we would expect 2021s recovery to be further strengthened, GlobalData auto analyst David Leggett said. Step forward one of the most successful, IHS Markit, and this despite many current lockdowns due to the pandemic across Western Europe and the U.S. suggesting the disease still has some way to go before abating. But opting out of some of these cookies may have an effect on your browsing experience. The information provided is based on LMC Automotive's current prediction forJanuary 2023. We now forecast global auto sales will expand by 8%-10% in 2021 to 83 million-85 million units, up from 77 million in 2020. electronics, memory, and others. IHS Markit Automotive forecasts light vehicle production to finished-goods consumption of butadiene, other significant end uses The company has a very extensive client base of over five hundred car and truck makers, component manufacturers and suppliers, and financial and government institutions worldwide. When the Production share of mainland China *The forecast reports can also be accessed from our OEM, Market & Technology category. INFO Europe performed even worse in percentage terms. In The purpose of the cookie is to enable LinkedIn functionalities on the page. IHS Markit Manage production cycles and capacity through sourcing strategies. Vehicle production from rest of the third quarter 2021, industry outlook is optimistic this year. the semiconductor shortage, which is expected to be resolved by Sales growing, underpinned by consumer demand. For inquiries or if you have any other interest regarding LMC Automotive's service, please contact the following: LMC Automotive Ltd. 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Light vehicle production Automotive production in Global automotive production data can be found for over 3,000 models, 800 plants and 900 platforms. Many (manufacturers) reported a return to growth in the 3rd quarter as offset demand from the first half, manifested in a summer period that saw many governments lift restrictions and allow auto dealerships to reopen. This cookie is set by Hotjar. Edisons Solar Power Prediction, Elon Musks $100 Billion Loss And Green Gas From Landfills, The Pandemic Has Changed The Supply Chain Management Profession Forever, Greener Industrial Chemicals, EV Fleet Challenges And Teslas Record Deliveries, Grid And Charging Speed Bumps Ahead As Amazon, FedEx And Transit Fleets Go Electric, Gatik Goes Driverless In Canada For Grocery Giant Loblaws, Why Dont You Have A Self-Driving Car Yet? Global light vehicle production substantially declined. Register now to access exclusive content, events, tools, and more. Copyright(C)MarkLines Co., Ltd. All rights reserved. This report does not constitute a rating action. other region is also expected to grow sharply this year. production decreased about 14 million units in 2020. - This account will be retired in 3 days. Demand for Google uses this cookie to distinguish users. account for close to 90% of global light vehicle production. Subcontinent, experienced more than a 20% decline in production. took steps to contain the virus from spreading by strict measures S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. production is expected to increase sharply in all regions, but By David Leggett. Power and Associates. cooling-off of consumer electronics demand should provide greater This compares with an expected 6%-9% market penetration in China, although we believe the Chinese market will regain its position as the largest EV market over time. The ramp-up in demand of chips from the It is used to persist the random user ID, unique to that site on the browser. No sharing of passwords/user IDs and no simultaneous access via the same password/user ID is permitted. Attention virus concept. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the wbsite is doing. These cookies do not store any personal information. Goldman cut its calendar year 2021 and 2022 global auto production forecast to 75 million and 85 million, respectively. It does not store any personal data. It became the second largest produ https://t.co/LYqfkBysz0, Consumers with lower credit scores are increasingly being pushed out of the #new-vehicle market by rising https://t.co/SJIFBIhlux, The average age of cars & #lighttrucks in the US has risen again this year to a new record of 12.5 years, as per ne https://t.co/C6d9PyRaPC, {"slidesToScroll": 1,"dots": true,"arrows": true,"autoplay":false}, {"items" : [ ]}, Discover more about S&P Global's offerings, , Executive Director, Olefins & Elastomers, Oil Markets, Midstream and Downstream Services, Subscribe to our Monthly Automotive Newsletter & Podcast, Download a printable version of our events, Automotive Vehicle Performance and Compliance Monitor (VPaC), Automotive Vehicle Technical Intelligence Platform (VTIP), Global C4 Olefins & Elastomers Market Advisory Service. Global Light Vehicle (LV) selling rate rose to 86 mn units/year in April, Global Light Vehicle (LV) selling rate rose to 84 mn units/year in March, Global Light Vehicle (LV) selling rate in February fell to 81 mn units/year, Januarys Global Light Vehicle (LV) selling rate stood at 83 mn units/year, broadly in line with the previous month, Decembers Global Light Vehicle (LV) selling rate fell for the fourth consecutive month to 82.7 mn units/year, Novembers Global Light Vehicle (LV) selling rate eased back to 84 mn units/year, At 86 mn units/year, Octobers Global Light Vehicle (LV) selling rate was in line with the previous month, Global Light Vehicle (LV) selling rate ended a four-month growth trend in September by falling to 85.8 mn units/year, Global Light Vehicle (LV) selling rate continued its gradual improvement for the fourth consecutive month to 94 mn units/year, Global Light Vehicle (LV) selling rate rose for the third consecutive month to 91 mn units/year in July 2022, Global Light Vehicle (LV) selling rate rose to 85 mn units/year in June 2022, Global Light Vehicle (LV) selling rate improved to 76 mn units/year for May 2022, Global Light Vehicle (LV) selling rate plunged to 67 mn units/year in April 2022, Global Light Vehicle (LV) selling rate fell to 75 mn units/year in March 2022, Global Light Vehicle (LV) selling rate dropped to 77 mn units/year in February 2022, Global Light Vehicle (LV) selling rate improved to 84 mn units/year for the opening month of 2022, Global Light Vehicle (LV) sales are estimated to have reached 81 mn units for 2021, Global Light Vehicle (LV) selling rate is estimated at 80 mn units/year for November, Global Light Vehicle (LV) selling rate improved slightly in October, to 76 mn units/year, Global Light Vehicle (LV) selling rate fell to 73 mn units/year in September, Global Light Vehicle (LV) selling rate slipped to 80 mn units/year in August, Global Light Vehicle (LV) selling rate was 82 mn units/year in July, Global Light Vehicle (LV) selling rate stood at 82.4 mn units/year in June, Global Light Vehicle (LV) sales increased by 33.7% year-on-year (YoY) in May, Global Light Vehicle (LV) sales increased by 77.6% year-on-year (YoY) in April, Global Light Vehicle (LV) sales increased by 52.7% year-on-year (YoY) in March, Global Light Vehicle (LV) sales increased by 12.4% year-on-year (YoY) in February, Global Light Vehicle (LV) sales increased by 1.9% year-on-year (YoY) in January, Global Light Vehicle annual sales for 2020 stands at77.7 mn units, 14% lower than 2019, Global Light Vehicle (LV) sales fell by 2.1% yearonyear (YoY) in November, Global Light Vehicle (LV) sales grew by 2.3% yearonyear (YoY) in October, Global Light Vehicle (LV) sales grew by 0.5% yearonyear (YoY) in September, Global Light Vehicle (LV) sales fell by 10.3% yearonyear (YoY) in August, Global Light Vehicle (LV) sales fell by 6.8% yearonyear (YoY) in July, Global Light Vehicle (LV) sales fell by 18.1% in June, Global Light Vehicle (LV) sales suffered a severe fall in May, dropping by 33% year-on-year (YoY), Global Light Vehicle (LV) sales suffered another sharp fall in April, dropping by 45% year-on-year (YoY), Global Light Vehicle (LV) sales contracted sharply in March, down 37.9% yearonyear (YoY), Global Light Vehicle (LV) sales fell by 19.9% year-on-year (YoY) in February, Global Light Vehicle (LV) sales fell by 10.4% year-on-year (YoY) in January, Global Light Vehicle annual sales for 2019 stands at 90.3 mn units, 4.4% lower than 2018, Global Light Vehicle sales fell by 2.4% in year-on-year (YoY) terms in November, Global Light Vehicle sales fell by 3.8% in year-on-year (YoY) terms in October, Global Light Vehicle sales fell by 2.7% in year-on-year (YoY) terms in September, Global Light Vehicle sales fell by 3.9% in year-on-year (YoY) terms in August, Global Light Vehicle sales fell by 1.5% in year-on-year (YoY) terms in July, Global Light Vehicle sales fell by 6.4% in year-on-year (YoY) terms in June, Global Light Vehicle sales fell by 7.0% in year-on-year (YoY) terms in May, Global Light Vehicle sales fell by 6.9% in year-on-year (YoY) terms in April, Global Light Vehicle sales fell by 5.0% in year-on-year (YoY) terms in March, Global Light Vehicle sales fell by 6.0% in year-on-year (YoY) terms in February, Global Light Vehicle sales fell by 8.2% in year-on-year (YoY) terms in January, Global Light Vehicle sales fell by 0.5% year-on-year (YoY) for 2018, Global Light Vehicle sales fell by 7.3% in year-on-year (YoY) terms in November, Global Light Vehicle sales fell by 3.8% in yearonyear (YoY) terms in October, Global Light Vehicle sales fell by 8.5% in yearonyear (YoY) in September, Global Light Vehicle sales grew by 2.7% in yearonyear (YoY) in August, Global Light Vehicle sales grew by 1.9% year-on-year (YoY) in July, Global Light Vehicle sales grew by 4.2% year-on-year (YoY) in June, Global Light Vehicle sales grew by 4.5% year-on-year (YoY) in May, Global Light Vehicle sales grew by 5.9% year-on-year (YoY) in April, Global Light Vehicle sales grew by 1.2% year-on-year (YoY) in March, Global Light Vehicle sales fell by 1.3% year-on-year (YoY) in February, Global Light Vehicle sales grew by 7% year-on-year (YoY) in January, Global Light Vehicle sales fell by 1% yearonyear (YoY) in December, Global Light Vehicle sales grew by 2.2% yearonyear (YoY) in November, Global Light Vehicle sales grew by 2% yearonyear (YoY) in October, Global Light Vehicle sales grew by 4.1% yearonyear (YoY) in September, Global Light Vehicle sales grew by 2.7% year-on-year (YoY) in August, Global Light Vehicle sales grew by 3.2% year-on-year (YoY) in July, Global Light Vehicle sales grew by 1.3% year-on-year (YoY) in June, Global Light Vehicle sales grew by 3.4% year-on-year (YoY) in May, Global Light Vehicle sales fell back in year-on-year (YoY) terms in April, down 1.4%, Global Light Vehicle sales grew once again in year-on-year (YoY) terms, up 5.0% for March, Global Light Vehicle market maintained its positive YoY momentum, with sales volumes up 7.7%, Global Light Vehicle market selling rate slipped back to 92.8 mn units/year in January 2017, Global Light Vehicle market achieved a record result in 2016, growth by nearly 5% to 93.2 mn units, Western Europe selling rate improved to 11.4 mn units/year in May, Western Europe selling rate fell slightly to 10.7 mn units/year in April, Western Europe selling rate slipped back to 10.9 mn units/year in March, Western Europe selling rate climbed to 11.7 mn units/year in February, Western Europe selling rate fell to 10.7 mn units/year in January, Western Europe selling rate rose to 13.1 mn units/year in December, Western Europe selling rate rose to 12.2 mn units/year in November, Western Europe selling rate fell to 10.3 mn units/year in October, Western Europe selling rate decreased to 10.5 mn units/year in September, Western Europe selling rate improved to 12.4 mn units/year in August, Western Europe selling rate slipped to 9.5mn units/year in July, West European selling rate remained at 9.8 mn units/year in June, West European selling rate increased to 9.8 mn units/year in May, West European selling rate dropped to 8.8 mn units/year in April, West European selling rate dropped to 9.0 mn units/year in March, West European selling rate increased only slightly to 10 mn units/year in February, West European selling rate slipped to 9.7 mn units/year in January, West European selling rate increased to 11.3 mn units/year in December, West European selling rate increased to 10.3 mn units/year in November, West European selling rate dropped to 9.0 mn units/year in October, West European selling rate dropped to 9.7 mn units/year in September, West European selling rate increased slightly to 11.9 mn units/year in August, West European selling rate dropped to 10.5 mn units/year in July, West European selling rate rose to 11.9 mn units/year in June, West European car registrations grew by 74.8% year-on-year (YoY) in May, West European car registrations grew by 282.5% year-on-year (YoY) in April, West European car registrations grew by 64.5% year-on-year (YoY) in March, West European car registrations fell by 21.3% year-on-year (YoY) in February, West European car registrations fell by 25.7% yearonyear (YoY) inJanuary, West European car registrations fell by 3.8% yearonyear (YoY) in December, West European car registrations fell by 14.1% yearonyear (YoY) in November, West European car registrations fell by 6.3% yearonyear (YoY) in October, West European car registrations grew by 0.1% yearonyear (YoY) in September, West European car registrations fell by 15.5% yearonyear (YoY) in August, West European car registrations fell by 2.2% yearonyear (YoY) in July, West European car registrations fell by 24.8% yearonyear (YoY) in June, West European car registrations fell by 57.3% yearonyear (YoY) in May, West European car registrations fell by 80.0% yearonyear (YoY) in April, West European car registrations fell by 52.9% yearonyear (YoY) in March, West European car registrations fell by 7.0% yearonyear (YoY) in February, West European car registrations fell by 7.7% yearonyear (YoY) in January, West European car registrations grew 20.6% year-on-year (YoY) in December, West European car registrations grew 4.2% year-on-year (YoY) in November, West European car registrations grew 8.0% year-on-year (YoY) in October, West European car registrations grew 13.9% year-on-year (YoY) in September, West European car registrations fell by 8.5% yearonyear (YoY) in August, West European car registrations increased by 0.1% yearonyear (YoY) in July, West European car registrations fell by 8.4% yearonyear (YoY) in June, West European car registrations fell by 0.3% yearonyear (YoY) in May, West European car registrations fell by 1.0% yearonyear (YoY) in April, West European car registrations fell by 3.7% yearonyear (YoY) in March, West European car registrations fell by 1.6% yearonyear (YoY) in February, West European car registrations fell by 5% yearonyear (YoY) in January, West European car fullyear registrations were down 0.7% YoY, with a total of 14.2 mn units sold, West European car registrations fell by 8.3% yearonyear (YoY) in November, West European car registrations fell by 7.3% yearonyear (YoY) in October, West European car registrations fell by 23% yearonyear (YoY) in September, West European car registrations increased by 26.6% in yearonyear (YoY) terms in August, West European car registrations increased by 9.1% in yearonyear (YoY) terms in July, West European car registrations increased by 4.6% in yearonyear (YoY) terms in June, WestEuropeancarregistrationswere virtually unchanged,yearonyear(YoY),inMay, WestEuropeancarregistrationsgrewby9.1%,yearonyear(YoY),inApril, Honda Groups sales in 2026 will be 4.33 million units, Fords light vehicle production expected to be 4.19 million units in 2026, Global Top 10 OEMs Production Forecast (Q1 2023), Renault-Nissan-Mitsubishi Alliance production in 2026 will be 7.97 million units, Hyundai Group's production to reach 7.79 million units in 2026, Changan Automobile Groups light vehicle sales in 2026 will be 1.80 million units, Global Top 10 OEMs Production Forecast (Q4 2022), Suzukis sales expected to be 3.13 million units in 2026, SAIC Groups light vehicle production in 2025 will be 2.77 million units, SUBARUs production in 2025 will be 1.02 million units, BAIC Groups sales in 2025 will be 613k units, Mazda Motors sales in 2025 will be 1.44 million units, VWs light vehicle production expected to be 9.95 million units in 2025, Global Top 10 OEMs Production Forecast (Q3 2022), Geely Groups light vehicle sales will reach 2.9 million units in 2025, GAC Groups light vehicle sales in 2025 will be 568k units, Mercedes-Benz Groups sales in 2025 will be 2.92 million units, Dongfeng Motors sales in 2025 will be 763k units, Stellantis light vehicle sales to reach 8.34 million units in 2025, BMWs light vehicle production expected to increase to 2.84 million units in 2025, Global Top 10 OEMs Production Forecast (Q2 2022), GMs light vehicle sales in 2025 will be 5,448k units, Tesla s sales to achieve 1.8 million units in 2025, Toyotas sales in 2025 will be 12 million units, Fords light vehicle sales expected to be 4.9 million units in 2025, Global Top 10 OEMs Production Forecast (Q1 2022), FAW Groups sales in 2025 will be 482k units, Honda Groups production in 2025 will be 5.1 million units, BYDs sales in 2025 will be 1.22 million units, Global Top 10 OEMs Production Forecast (Q4 2021), Renault-Nissan-Mitsubishi's light vehicle sales expected to reach 10.33 million units in 2025, SAIC Groups sales in 2024 will be 2.98 million units, Suzuki production will be 3.23 million units in 2024, Great Wall Motor sales are expected to exceed 1.56 million units in 2024, Global Top 10 OEMs Production Forecast (Q3 2021), Changan Automobile Groups light vehicle sales in 2024 will be 1.50 million units, Subarus light vehicle sales expected to be 1.04 million units in 2024, Mazdas production in 2023 will be 1.71 million units, Chery Groups sales in 2024 will be 751k units, Hyundai Motor Group to sell 8.5 million units in 2024, Global Top 10 OEMs Production Forecast (Q2 2021), Daimler Groups production expected to be 3.16 million units in 2024, Toyotas light vehicle production will be 11.44 million units in 2024, Tesla s sales to achieve 963k units in 2024, Global Top 10 OEMs Production Forecast (Q1 2021), Stellantis light vehicle production expected to increase to 9.13 million units in 2024, GMs light vehicle production in 2024 will be 5.9 million units, VWs light vehicle sales expected to be 9.82 million units in 2021, Global Top 10 OEMs Production Forecast (Q4 2020), BMWs light vehicle sales expected to decline to 2.23 million units in 2020, Honda Groups sales in 2023 will be 5.25 million units, Ford Group's production in 2023 will be 5.4 mn units, Global Top 10 OEMs Production Forecast (Q3 2020), Suzuki's sales will be 2.3 million units in 2023, Tata Motors Group's sales to be 986k units in 2023, Renault-Nissan-Mitsubishis global production in 2023 will be 9,849k units, Mazda Motors' light vehicle sales in 2023 will be 1.65 million units, Global Top 10 OEMs Production Forecast (Q2 2020), SUBARUs production will be 862k units in 2020 and 1.0 million units in 2023, Hyundai Group's production to decline to 6.27 million units in 2020, Daimler's sales to be 2.99 million units in 2023, Global Top 10 OEMs Production Forecast (Q1 2020), Tesla's sales to achieve 460,000 units in 2020, GM's sales to decline to 6.0 million by 2021, Great Wall Motor sales are expected to exceed 1.26 million units in 2022, PSA's sales to increase to 3.76 million units in 2020, Toyota Groups light vehicle sales will be 11 million units in 2023, Global Top 10 OEMs Production Forecast (Q4 2019), FCA's sales to decline to 4.29 million units in 2020, Dongfeng's own brand production to decline 612 thousand units in 2022, VW's production to grow to 11.6 million units in 2022, Geely group experience steady growth and produce 2.58 million units in 2022, Global Top 10 OEMs Production Forecast (Q3 2019), BMW's light vehicle production to be 2.65 million units in 2022, Honda Groups production in 2022 will be 5.38 million units, Ford Group's vehicle sales in 2022 will be 6.09 million units, Suzukis light vehicle production expected to be 3.05 million units in 2022, Global Top 10 OEMs Production Forecast (Q2 2019), Mazdas production in 2022 will be 1.8 million units, GAC's own brand production to reach 630 thousand units in 2022, Global Top 10 OEMs Production Forecast (Q1 2019), Daimler Groups light vehicle production in 2022 will be 3.18 million units, (New) Global Top 10 OEMs Production Forecast (Q4 2018), Subarus light vehicle sales in 2022 will be 1,066,000 units, Tesla's sales to achieve 440,000 units in 2022, GM Groups light vehicle production in 2021 will be 6.53 million units, Hyundai Group's sales to grow to 8.35 million units in 2021, Toyota Groups light vehicle production will be 10.8 million units in 2021, Honda Groups light vehicle sales in 2021 will be 5.15 million units, BMW's sales to grow to 2.7 million units in 2021, Suzuki's light vehicle sales to hover 3.2 million units in the medium term, SAIC Group to experience steady growth and sell 3.3 million units in 2021, Mazdas light vehicle sales in 2021 will be 1.59 million units, Ford Group's production to grow to 6.6 million units in 2021, Daimler Group's sales to grow to 3 million units in 2021, FCA Group's production to grow to 5.33 million units in 2020, BYD Group will recover in 2019 and reach 0.45 million units in 2020, Renault-Nissan Group's global sales in 2020 will be 10.66 million units, GM's sales to fall until 2019, return to growth and reach 6.61 million units in 2020, Chery Groups sales will recover in 2019 and reach 0.8 million units in 2020, Toyota Group's sales in 76 countries will be 10.32 million units in 2020, BAIC Group is mild growth and reach 1.5 million units in 2020, Honda's light vehicle production to hover around 5.1 million units in the medium term, Suzuki's light vehicle production to reach 3 million units in the medium term, VW Group's production to reach 11.6 million units in 2020, PSA Group's sales in 69 countries will be 3.84 million units in 2020, Hyundai Group's production in 2020 will be 8.8 million units, Geely to experience steady growth and produce 1.87 million units in 2020, Ford's sales in 56 major countries in 2019 will be 6.52 million units, FAW Group is will change to rise in 2017, but difficult to secure a strong position, FCA Group's global sales to reach 4.97 million units in 2019, Great Wall to experience steady growth and produce 1.07 million units in 2019, Subaru's sales will be 969,000 units in 2019, Tesla Motors' sales in 2019 to hit 210,000 units, Renault Group's global production to reach 4.04 million units in 2019, Mazda's light vehicle production in 2019 will be 1.71 million units, Changan Group is mild growth and reach 1.58million units in 2019, GAC's local brand production to reach 410,000 units in 2019, Nissans light vehicle sales in 57 countries to reach 5.19 million units in 2019, BMWs global production expected to be 2.6 million units in 2019, GMs global production to reach 8.35 million units in 2019, Honda's light vehicle sales to reach 4.88 million units in 2019, Daimler's production to reach 2.75 million units in 2019, Toyota Group's production in 2019 to reach 10.5 million units, PSA's global production to reach 3.92 million units in 2019, Ford production will be 6.77 million units in 2018, Hyundai group production in 2018 will be 8.74 million units, VW Group's production predicted to be 9.8 million units in 2015, Suzukis sales will be 2.8 million units in 2018, Subaru's production will be 910,000 units in 2018, FCA Group's production in 17 major countries will be 5.4 million in 2018, Mazda's sales will be 1.41 million units in 2018, BMW group's global sales will reach 2.57 million in 2018, Renault Group's sales in 51 major countries will be 3.3 million units in 2018, Toyota Group's sales in major 55 countries in 2018 will be 9.71 million, Honda Group's light vehicle production in 2018 will be 5.32 million units, Daimler's light vehicle global sales will be 2.3 million in 2017, Nissan's production will be 5.82 million units in 2017, GM's light vehicle sales to expand to 8.3 million in 2017, Toyota Group Production will be 10.7 million units in 2017, Suzuki's production will be 3.1 million units in 2017, Hyundai Group sales in 53 countries to be 7.47 million units in 2017, VW's light vehicle sales to expand to 11.4 million units in 2017, Ford's global sales to rise to 7 million units in 2017, Mazda's global production to rise to 1.78 million units in 2017, Honda Group sales forecast in 52 major countries through 2017, PSA group global sales to 3.70 million units by 2017, Renaults production will reach 3.71 million units in 2017, SAIC light vehicle production to rise to 2.5 million units in 2017, Nissan group sales in 54 countries to be 5.39 million units in 2017, Dongfeng production to rise to 1.18 million units in 2016, Tata/JLR: LMC forecasts growth as production expands beyond traditional markets, Daimler Group's production to reach 2.28 million units by 2016, Toyota group sales forecast in major 54 countries through 2016, BMW Group production to reach 2.39 million units by 2016, Honda Group production forecasted to 5.32 million in 2016, Hyundai Group production forecasted to 8.35 million in 2016, Ford: Strong light-vehicle production through 2016, VW Group production forecast by country and by make, PSA Group production forecast by country and by make, FIAT lays out strategy to break-even in Europe by 2016, Nissan targets 2 million light vehicle sales in China by 2015, Toyota: Sales expansion planned for North America and Asia, Global Top 10 Countries Sales Forecast (Q1 2023), Mexican production expected to be 4.1 million units in 2026, Global Top 10 Countries Sales Forecast (Q4 2022), Indonesian production expected to be 1.49 million units in 2026, Thai production expected to be 2.20 million units in 2025, Global Top 10 Countries Sales Forecast (Q3 2022), Production in US will be 10.88 million units in 2025, Western European light vehicle sales expected to be 15.9 million units in 2025, Chinese light vehicle sales will reach 29.6 million units in 2025, Global Top 10 Countries Sales Forecast (Q2 2022), 8.88 Million Light Vehicles to be Produced in Japan in 2025, Indian light vehicle production will reach 5.2 million units in 2025, ASEAN sales to grow to 3.7 million units in 2025, Global Top 10 Countries Sales Forecast (Q1 2022), Mexican production volume will reach a record high in 2023 and achieve 4.35 mn units in 2025, Russia-Ukraine conflict: Impact on automotive industry, Korean light vehicle sales expected to be 1.91 million units in 2025, Global Top 10 Countries Sales Forecast (Q4 2021), Electric Powertrain Market Forecast in Major Countries, Thai production expected to be 2.10 million units in 2024, Global Top 10 Countries Sales Forecast (Q3 2021), Indonesian production expected to be 1.34 million units in 2024, Chinese light vehicle production will reach 28.7 million units in 2024, Western European light vehicle production expected to be 14.3 million units in 2024, Global Top 10 Countries Sales Forecast (Q2 2021), LV sales in the US in 2024 will be 16.94 million units, ASEAN sales to grow to 3.6 million units in 2024, Sales in Japan in 2024 will be 4.95 million units, Global Top 10 Countries Sales Forecast (Q1 2021), Indian light vehicle sales to below 4 mn units before 2024, Global Top 10 Countries Sales Forecast (Q4 2020), Electric powertrain composition ratio for U.S. light vehicle sales, Korean light vehicle production expected to decline to 3.74 million units in 2020, Global Top 10 Countries Sales Forecast (Q3 2020), Thailand: Resuming plan to be an EV hub in ASEAN region after COVID-19 pandemic, Indonesian production to fall to 667,000 units in 2020, Chinas Light Vehicle Market Will Reach 22.8 Million Units in 2020 and 28.2 Million Units in 2023, Western European sales to fall by 25% in 2020, not recover to 16 mn before 2023, Global Top 10 Countries Sales Forecast (Q2 2020), Mexican production to below 3 mn units in 2020 and recover to 3.8 mn units in 2023, US production in 2020 is expected to decline by 19% YoY, ASEAN sales to plunge to less than 2.2 mn units in 2020, Global Top 10 Countries Sales Forecast (Q1 2020), COVID-19 Plant-impact update - South America, COVID-19 Plant-impact update - North America, Global Top 10 Countries Sales Forecast (Q4 2019), Global Top 10 Countries Sales Forecast (Q3 2019), Indian light vehicle production will reach 4.91 million units in 2022, Global Top 10 Countries Sales Forecast (Q2 2019), Chinese light vehicles market is modest growth and reaches 29.0 million units in 2022, Korean light vehicle sales expected to increase to 1.82 million units in 2022, Thai light vehicle production to increase to 2.32 million units in 2022, Sales in Japan in 2022 will be 4.87 million units, Indonesian light vehicle production will exceed 1.4 million units in 2022, Global Top 10 Countries Sales Forecast (Q1 2019), Mexican production to be 3.97 million units in 2022, ASEAN production to achieve 4.73 million units in 2022, (New) Global Top 10 Countries Sales Forecast (Q4 2018), U.S. light vehicle sales to be lower than 17 million units after 2019, Western European production to be 14.7 million units in 2020-2021, Japanese light vehicle production in 2021 will be 8.8 million units, Korean light vehicle production expected to be 4.28 million units in 2021, Global market predictions of electric vehicles, Thai light vehicle production to increase to 2.26 million units in 2021, Chinese light vehicle market has modest growth and reaches 32.5 million units in 2021, Indian light vehicle sales to increase to 4.99 million units in 2021, LMC Automotive Prediction: China's Electric Vehicle Market, ASEAN: Vehicle sales recover, shifting from eco-car policies to EV incentives, U.S. production decline in 2017, slight recovery to begin in 2020, Mexican light vehicle production will exceed 4.5 million units in 2020, Western European market to keep over 16 million units until 2020, Indonesian light vehicle production will exceed 1.3 million units in 2020, Brazilian sales to grow to 2.38 million units in 2020, German light vehicle sales to hover around 3.7 million through 2020, Japanese light vehicle production hover around 8.8 million in the medium to long term, Russian light vehicle production to increase to 1.74 million units in 2020, US light vehicle sales to hover at 17.5-17.6 million-level through 2020, Light vehicle sales in India will be 4.7 million units in 2020, Chinese light vehicle market is mild growth and reaches 30million units in 2020, Thai production expected to reach 2.37 million units in 2020, LMCA Client Alert: Trump Trade Policy - Potential Vehicle Assembly Exposure and Risk in North America, Japan Light Vehicle sales will be 4.86 million units in 2019, French light vehicle production to be 2.14 million units in 2019, Indonesian sales to grow to 1.16 million units in 2019, Chinese light vehicle market to reach 30 million units in 2019, West European light vehicle sales to reach to 16 million units in 2019, Indian light vehicle production will reach 5 million units in 2018, Japanese light vehicle production will be 8.36 million units in 2018, Thai production expected to reach 2.16 million units in 2018, Mexican light vehicle production to grow to 4.8 million units in 2018, Brazilian light vehicle production to be 2.6 million in 2018, Japan Light Vehicle sales will be 4.36 million units in 2018, Russian sales to drop to 1.6 million in 2015-16 and recover to 2.1 million in 2018, Chinese production to expand to 30 million in 2018, German production to increase slightly to 6.0 million units in 2018, U.S. light vehicle sales increase to 17.2 million units in 2018, Indonesian production expected to rise to 1.58 million units in 2018, Light vehicle sales in West Europe to expand to 15.2 million in 2017, Japanese production expected to decline to 8.2 million units in 2017, Indian light vehicle sales will be 4.57 million units in 2017, Thai production expected to reach 2.79 million units in 2017, Mexican sales to increase to 1.27 million units in 2017, US Light Vehicle Production will grow steadily over 2017, Brazilian light vehicle sales to expand to 4.0 million units in 2017, Korean sales to hover around 1.6 million units in 2015-2017, Japanese sales to slightly decrease to 5.22 million units in CY 2014, Indonesian sales to increase to 1.54 million units in 2017, French light vehicle production to recover to 1.89 million units by 2017, Chinese light vehicle market to expand to 31 million units in 2017, Malaysian production to increase to 695,000 units in 2017, Russian production to rise to 2.96 million units in 2016, Indian production to reach 5.84 million in 2016, European economy stabilizes; LMC forecasts slow growth in Western Europe, Thai production to surpass 3 million in 2016, German light vehicle production decrease slightly by 2016, US Market: Continued growth spurs investment, Brazil extends tax breaks to achieve 4 million record-high sales in 2013, Japanese OEMs aim for record high sales in FY2013, Korea expects vehicle production of 4.7 M and sales of 1.4 M in 2013, Indonesia: OEMs gear up operations for growing market. 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