Global vehicle market remains strong in November

GlobalData

Thu, December 18, 2025 astatine 10:13 AM CST 6 min read

For November, the Global Light Vehicle (LV) selling complaint remained strong, astatine 95 cardinal units/year, lone somewhat beneath October’s result. In year-on-year (YoY) terms, the marketplace fell 2% arsenic income totaled 8.1 cardinal units globally. Year-to-date (YTD), 83.6 cardinal vehicles person been sold, up 4% from the aforesaid play successful 2024.

The cardinal markets of the US, Western Europe, and China saw mixed fortunes. In the US, income fell for a 2nd consecutive period YoY owed to the removal of EV taxation credits and economical headwinds. In Western Europe, income remained broadly flat; however, the outlook remains much affirmative heading into 2026. Finally, income successful China declined YoY, though the selling complaint continues to station beardown results.

North America

US Light Vehicle income fell by 5.8% YoY successful November, to 1.29 cardinal units. With November 2025 containing 1 selling time less than November 2024, income declined by 2.0% YoY connected a selling day-adjusted basis. The annualized selling complaint accelerated to 15.8 cardinal units/year successful November, from 15.3 cardinal units/year successful October. Although the deficiency of EV taxation credits was again a resistance connected sales, the remainder of the marketplace performed comparatively well, considering that economical concerns and outgo pressures owed to tariffs could person caused a overmuch much terrible slowdown than we person seen frankincense far. Average transaction prices were US$46,205 successful November, down by US$207 MoM, and up by a humble 2.0% YoY, beneath ostentation overall.

Canadian Light Vehicle income totaled an estimated 140k units successful November, down by 6.2% YoY, portion the selling complaint slowed to 1.79 cardinal units/year, from 1.95 cardinal units/year successful October. Data suggested monthly indebtedness payments are increasing, hinting astatine outgo pressures feeding done to buyers. In Mexico, income decreased by 1.3% YoY, to 155k units, but the selling complaint accelerated to 1.71 cardinal units/year, from 1.63 cardinal units/year successful October. Sales events linked to ‘El Buen Fin’ – equivalent to Black Friday – apt helped volumes, but 3 less selling days than November 2025 hindered the YoY comparison.

Europe

The Western Europe LV marketplace remained broadly level successful November arsenic income reached 1.09 cardinal units. The monthly selling complaint accelerated from October’s effect to 14.4 cardinal units/year. YTD income presently basal astatine 12.2 cardinal units (+0.1% YoY).  The inclination successful income remains akin to October’s effect with Spain starring the mode arsenic the strongest market, portion Germany continued a humble maturation path. In contrast, France, Italy, and the UK each saw broadly level oregon anemic results.