The US automotive market will grow by approximately 2% in 2025
- The US automotive market (passenger cars + light commercial vehicles including pickup trucks) is projected to grow in 2025 compared to 2024, but its growth rate has been slowing month by month since last summer: +4.2% at the end of August, +3.9% at the end of September, +3.3% at the end of October, and +2.4% at the end of November. At this rate, the US automotive market's growth is expected to be limited to approximately +2% for the entire year.
- The European car market (30 countries = EU + UK + Switzerland + Norway) is expected to see similar growth throughout 2025, but this is purely coincidental. The Chinese car market (the world's largest) will experience significantly stronger growth in 2025, around 12%.
- Regarding the US car market, it is expected to settle at 16.3 million units in 2025, which is less than during the years 2014-2019, where annual registrations were between 16.5 and 17.5 million units.
- The GM group will remain the market leader (17%), up 7% compared to 2024, ahead of the Toyota group (15%), up 8%, and the Ford group (13%), up 5%. Next come the Hyundai-Kia group (11%), up 8%, the Honda group (9%), up 2%, and the Stellantis group (8%), down 5%, with a 30% drop in Dodge sales weighing heavily on Stellantis' results. Tesla (4%), down 4%, performs worse than the Nissan group (6%) or Subaru (4%) but on par with the Volkswagen group (4%). The Big Three's market share falls below 40% in 2025.