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Market Analyses

Inovev publishes around 300 market analyses
per year.

Two analyses are provided free of charge twice a month.

Here below you can view the titles, extracts and thumbnails relating to the 2 current analyses.
Upon registration, you can download the two full analyses
(i.e. around 50 free analyses per year as they are renewed twice a month).

Global automobile production (passenger cars and utility vehicles) remained stable in 2024
18 April 2025
- According to Inovev estimates, the volume of global automotive production (PC+UV) remained stable in 2024 compared to 2023, with a production volume of 91.5 million vehicles (passenger cars, light utility vehicles, heavy and medium utility vehicles and buses), which tends to demonstrate that carmakers continued to destock last year, but less than the previous year, the global automotive market having grown by 1.7% last year.

- Europe and Asia produced fewer vehicles than the previous year. In Asia, the increase recorded in China (+1,115,000 units) could not offset the decline recorded in Japan (-685,000 units), Thailand (-375,000 units), Indonesia (-205,000 units), and Korea (-145,000 units). The two Americas recorded a slight increase (around +1.5%). Finally, the most dynamic region is Russia, which increases from 615,000 units in 2023
to 756,000 in 2024, thereby compensating for the temporary halt in production in Serbia, Ukraine, and Belarus.
But we are still far from returning to the levels reached before 2022.
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German carmakers' decline in China
18 April 2025
- German carmakers (Volkswagen Mercedes, BMW) entered the Chinese market in the 1980s and 1990s. The Volkswagen group immediately took the leading position over the foreign and Chinese competition. It went as far as producing more than 4 million cars per year, with peak production reaching 2018. From 2019-2020, the context completely changed as the demand for electric cars (as well as supply) began to explode, a consequence of a Chinese strategy aimed at promoting electric vehicles, for which Chinese carmakers (primarily BYD ) where prepared for decades with heavy investments, as well as the American Tesla, which was then ahead of other carmakers in this market.

- Volkswagen's sales declined sharply at that time, dropping from 4 million to 3 million units in two years (between 2019 and 2021). The group managed to resist for two years (between 2021 and 2023), mainly thanks to the strong sales performance of Audi, the group's premium subsidiary. But the year 2024 saw a further decline for the Volkswagen group, to 2.75 million units.

- Independent German premium carmakers Mercedes and BMW managed to make progress through 2023, thanks to their image as makers of prestigious cars, a category in which Chinese carmakers were not yet very present. 2024 saw their first real decline facing the development of Premium Chinese brands.

- Overall, the market share of the Volkswagen, Mercedes and BMW groups has gradually fallen from 20% in 2017 to 16% in 2024, and the coming years are likely to be even more difficult, as Chinese customers increasingly turn to Chinese brands that have made enormous progress over the past ten years.
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BMW to stop producing electric Minis in the UK	2025-04-18
The Ford Mustang and Chevrolet Corvette are resisting	2025-04-18
Segment C represents 35.4% of the European passenger vehicle market (30 countries) in 2024	2025-04-18
Light Utility Vehicle production in Europe increased by 12% in 2024	2025-04-18
Volkswagen has unveiled what will become the ID1 in 2027	2025-04-18
Toyota wants to enter the Low Speed Electric Vehicle (LSEV) market with the FT-ME	2025-04-18
Inovev expects 90,000 units of the new Toyota CHR+ to be produced in 2030	2025-04-18
The global market (passenger cars + light commercial vehicles) increased by 1.7% in 2024 compared to 2023	2025-04-18
Inovev forecasts 50,000 units per year of the new Volvo ES90	2025-04-07
Stellantis definitively stops production of the Fiorino small utility vehicle	2025-04-07
Smart #1 and #3 fail to establish themselves in Europe or China	2025-04-07
Inovev expects between 200,000 and 250,000 units of the new Audi A6 per year	2025-04-07
Inovev forecasts 150,000 units of the new Mercedes CLA per year	2025-04-07
Kia completes its BEV range with the EV4 C-segment sedan	2025-04-07
MG has renewed its two SUVs, HS and ZS, which represent 60% of its sales in Europe	2025-04-07
Facing Tesla, BYD offers 22 different models (BEV and PHEV)	2025-04-07
German carmakers are well ahead of French carmakers	2025-04-07
Mercedes to reduce production capacity in Germany	2025-04-01
Will new BEVs under 30,000 euros revive the European market?	2025-04-01
Kia to produce new EV2 electric model in Slovakia	2025-04-01

Data Tables & Charts

Market Data Tables

Inovev has created and updates continuously a comprehensive database related to quantities of vehicles produced and sold in the world.

Upon registration you can download free of charge two extracts updated each month.

Extract #1

Main features		Sample
- Content: Production data of passenger cars and utility vehicles detailed by country and carmakers - Geographical scope: Worldwide - Time coverage: Past (yearly) and current year (monthly) - Updates: Monthly		Click on the image to download an Excel sample file

Extract #2

Main features		Sample
- Content: Registrations data of passenger cars and light utility vehicles detailed by country and carmakers - Geographical scope: Europe - Time coverage: Current year (monthly) - Updates: Monthly		Click on the image to download an Excel sample file