{"id":144080,"date":"2024-08-22T12:52:43","date_gmt":"2024-08-22T11:52:43","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/light-vehicle-production-forecast-august-2024.html"},"modified":"2024-08-22T12:52:43","modified_gmt":"2024-08-22T11:52:43","slug":"light-vehicle-production-forecast-august-2024","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/08\/22\/light-vehicle-production-forecast-august-2024\/","title":{"rendered":"Light Vehicle Production Forecast August 2024"},"content":{"rendered":"

Each month, we leverage global light vehicle production actuals,
\nregistration data, and sales data to give you the most up-to-date,
\nshort-term production forecast available.<\/p>\n

Here's a close look at global production data by region and our
\nupdated August production forecast.<\/p>\n

\"Light<\/p>\n

Top Takeaways<\/h2>\n

The global auto industry continues to wrestle with slowing sales
\ngrowth in several key markets and rather high inventories, among
\nother factors. The production outlook reflects these ongoing
\nchallenges, and our August forecast update includes a mix of both
\nupgrades and downgrades in the near-term. Regional adjustments
\nreflect the impact of expanded policy support in China offset by a
\nfocus on inventory management and company-specific adjustments in
\nNorth America.<\/p>\n

Noteworthy Adjustments<\/h2>\n

Europe:<\/strong> The outlook for Europe light vehicle
\nproduction was increased by 60,000 units and by 31,000 units for
\n2024 and 2025, respectively. The outlook for Western and Central
\nEurope, including Turkey, was revised down by 14,000 units. This
\nwas due to somewhat stagnated vehicle demand and supply chain
\nissues. The broader European market continues to be influenced by
\nelevated vehicle pricing, lingering high inflation and the ongoing
\nshift in electrification.<\/p>\n

Greater China:<\/strong> The outlook for Greater China
\nlight vehicle production was increased by 227,000 units and reduced
\nby 354,000 for 2024 and 2025, respectively. In the extreme
\nnear-term, production is supported by a bolstered scrappage
\nincentive program, which also results in something of a pay-back
\neffect after 2024. The forecast continues to reflect some negative
\nimpact to production from European tariff actions; however, we
\nexpect export activity to remain quite robust as markets wait for
\nChinese localization efforts to more fully ramp-up.<\/p>\n

Japan\/Korea:<\/strong> Full-year 2024 Japan production
\nwas downgraded modestly by 11,000 units relative to last month's
\nforecast. The downward revision is primarily associated with
\nDaihatsu as the company is expected to face production impacts
\nlater this year related to compliance with new regulations. South
\nKorea production was upgraded to 4.11 million units in 2025 and
\n3.91 million units in 2026 due to increased demand for the Renault
\nArkana.<\/p>\n

North America:<\/strong> The outlook for North America
\nlight vehicle production was reduced by 173,000 units and by
\n102,000 units for 2024 and 2025, respectively. These reductions are
\nprimarily due to inventory-related reductions and production issues
\nat Toyota. Production at Toyota's Princetown West plant remains
\nidled due to a recent airbag recall, resulting in a loss of
\nadditional units.<\/p>\n

South America:<\/strong> The outlook for South America
\nlight vehicle production was reduced by 2,000 units and by 1,000
\nunits for 2024 and 2025, respectively. In the extreme near-term,
\nthe outlook for the region remains largely in-line with
\nexpectations as stronger production actuals for Brazil offset
\nlingering weakness in Argentina.<\/p>\n

South Asia:<\/strong> The outlook for South Asia light
\nvehicle production was reduced by 11,000 units and by 56,000 units
\nfor 2024 and 2025, respectively. South Asia's light vehicle
\nproduction forecast for 2024 was largely unchanged with the August
\nupdate, with only a minor downward adjustment for the ASEAN market
\ndue to stricter auto loan approvals amidst a challenging market
\nenvironment. The weakness in ASEAN continues to be primarily
\nfocused on Thailand and Indonesia.<\/p>\n

Download a free light vehicle
\nproduction forecast sample<\/a><\/p>\n

\n\n

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SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"

Each month, we leverage global light vehicle production actuals,
\nregistration data, and sales data to give you the most up-to-date,
\nshort-term production forecast available.Here's a close look at global production data by region and our
\nupdated Aug…<\/p>\n","protected":false},"author":479,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-144080","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/144080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/479"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=144080"}],"version-history":[{"count":0,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/144080\/revisions"}],"wp:attachment":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/media?parent=144080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":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