{"id":154013,"date":"2024-12-17T10:30:33","date_gmt":"2024-12-17T10:30:33","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/december-2024-vehicle-production-forecast.html"},"modified":"2024-12-17T10:30:33","modified_gmt":"2024-12-17T10:30:33","slug":"december-2024-light-vehicle-production-forecast","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/12\/17\/december-2024-light-vehicle-production-forecast\/","title":{"rendered":"December 2024 light vehicle production forecast"},"content":{"rendered":"

December 2024 Light Vehicle Production
\nForecast<\/strong><\/h2>\n

Each month, we leverage global light vehicle production actuals,
\nregistration data, and sales data to provide 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 December 2024 production forecast.<\/p>\n

\"\"<\/p>\n

Top Takeaways for the Month<\/strong><\/h3>\n

As 2024 ends, the auto industry faces ongoing challenges with
\nmixed demand dynamics and inventory management. The forecast now
\nincludes the assumption that the incoming Trump administration will
\nincrease tariffs to 10% for all countries and 30% for
\nChina-specific imports, with exemptions for Canada and Mexico under
\nthe USMCA. Expected revisions to US emissions requirements will
\nlikely reduce BEV volumes and alter electrification mix. The
\nupdated forecast shows near-term upgrades but material downgrades
\nfor 2025 and 2026 due to tariff impacts and market conditions.<\/p>\n

Regional Highlights:<\/strong><\/h3>\n

Europe:<\/strong> Europe's light vehicle production
\noutlook increased by 41,000 units for 2024 but was reduced by
\n261,000 units for 2025 and 2026. The primary driver for the
\nforecast revision is new tariff assumptions, particularly affecting
\npremium vehicles.<\/p>\n

Greater China:<\/strong> China's light vehicle production
\noutlook increased by 150,000 units for 2024 but was reduced by
\n162,000 units for 2025 and 340,000 units for 2026. China saw strong
\ngrowth in the new-energy vehicle (NEV) market, with a 53% market
\nshare in November 2024. However, economic uncertainties lead to
\ndownward revisions for future years.<\/p>\n

Japan\/Korea:<\/strong> Japan's production outlook was
\ndowngraded by 109,000 units for 2025 and 30,000 units for 2026 due
\nto stagnant exports and weak domestic demand. South Korea's
\nproduction forecast was reduced by 18,000 units for 2024, with
\nfurther reductions for 2025 and 2026 due to expected tariff
\nimpacts.<\/p>\n

North America:<\/strong> North America's light vehicle
\nproduction outlook increased by 23,000 units for 2024 but was
\nreduced by 173,000 units for 2025 and 238,000 units for 2026. Total
\nproduction is expected to hit 15.5 million units for 2024, but
\nlonger-term forecasts are more pessimistic due to inventory
\nmanagement challenges.<\/p>\n

South America:<\/strong> South America's light vehicle
\nproduction outlook increased by 43,000 units for 2024 and 12,000
\nunits for 2025 but was reduced by 23,000 units for 2026. While
\nlocal production is supported by strong demand in Brazil, future
\ntariff impacts may lead to lower economic growth.<\/p>\n

South Asia:<\/strong> South Asia's light vehicle
\nproduction outlook increased by 50,000 units for 2024 and 1,000
\nunits for 2025, but was reduced by 115,000 units for 2026. Strong
\nproduction in Vietnam and Malaysia supports the near-term outlook,
\nwhile concerns over economic growth affect future projections.<\/p>\n


\nDownload a free light vehicle production forecast sample
\nhere<\/a>.<\/p>\n


\nSubscribe to this newsletter on LinkedIn<\/a><\/p>\n

\n\n

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December 2024 Light Vehicle Production
\nForecastEach month, we leverage global light vehicle production actuals,
\nregistration data, and sales data to provide the most up-to-date,
\nshort-term production forecast available.Here's a close look at global…<\/p>\n","protected":false},"author":2466,"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-154013","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\/154013","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\/2466"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=154013"}],"version-history":[{"count":0,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/154013\/revisions"}],"wp:attachment":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/media?parent=154013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"h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