March2025

EconomicandMarketReport

GlobalandEUautoindustry:

Fullyear2024

www.acea.auto2

Contents

Copyrightnotice 3

EUeconomicoutlook 4

Passengercars 6

Registrations 6

Global 6

EuropeanUnion(EU) 8

Production 9

Global 9

EuropeanUnion(EU) 12

Trade 13

Imports 14

Exports 15

COMMERCIALVEHICLES 16

Registrations 16

Global 16

EuropeanUnion(EU) 17

Production 19

Global 19

Trade 22

www.acea.auto3

Listoftables

Table1.EUeconomicforecast-Keyfigures 4

Table2.Globalnewcarregistrations 7

Table3.Topfour-NewEUcarregistrations 8

Table4.Globalcarproduction 10

Table5ToptenEUcarproducers 12

Table6.EUnewcartrade 13

Table7.EUnewcarimports,maincountriesoforigin 14

Table8.EUnewcarimports,maincountriesoforigin 14

Table9.EUnewcarexports,maindestinations 15

Table10.EUnewcarexports,maindestinations 15

Table11.EUnewcommercialvehicleandbusregistrations 17

Table12.Globalvanproduction 19

Table13.Globaltruckproduction 20

Table14.Globalbusproduction 21

Table15.EUnewvantrade 22

Table16.EUnewtrucktrade 23

Table17.EUnewbustrade 24

Listoffigures

Figure1.EUGDPgrowthfor2024,bycountry 5

Figure2.NewEUcarregistrationsbypowersource 8

Figure3.Top10globalcarproducers 11

Figure4.Globalnewcommercialvehiclesandbussales 16

Figure5.Newcommercialvehiclesregistrationsbypowersource 18

COPYRIGHTNOTICE

Reproductionof(partsof)thisinformationorrelateddocumentsisnotpermittedwithoutthe

priorwrittenconsentofACEA.Whereverreproductionispermitted,ACEAshallbereferredtoasthesourceoftheinformation.

www.acea.auto4

EUECONOMICOUTLOOK

Followingaperiodofprolongedstagnation,theEUeconomyreturnedtogrowthin2024.AsprojectedintheEuropeanCommission’s2024SpringForecast,theexpansioncontinuedatasubduedyetsteadypace,supportedbyeasinginflationarypressures.Despitethelingering

uncertainty,theconditionsforamoderateaccelerationofdomesticdemandin2025appearinplace.

Againstthisbackground,theEuropeanCommissionanticipatesrealGDPgrowthin2024at0.9%intheEU,a0.1percentagepointdownwardrevisionfromtheSpringForecast.

Furthermore,growthintheEUisexpectedtoaccelerateto1.5%in2025,asconsumptioncontinuestoimproveandinvestmentissettorebound.By2026,economicactivityis

predictedtoexpandfurtherby1.8%,supportedbycontinueddemandgrowth.

Meanwhile,thedisinflationarytrajectorythatstartedinlate2022continues.HeadlineinflationintheEUisexpectedtofallto2.6%in2024,easingfurtherto2.4%in2025,andreaching

thetwo-percentinflationtargetby2026.Inaddition,theunemploymentrateisprojectedtodecline,reaching5.9%intheEUin2025,downfrom6.1%in2024.

Table1.EUeconomicforecast-Keyfigures

GDP(%)

2024

2025

2026

0.9

1.5

1.8

Inflation(%)

2.6

2.4

2

Unemployment(%)

6.1

5.9

5.9

SOURCE:EUROPEANCOMMISSIONECONOMICFORECAST,AUTUMN2024

www.acea.auto5

Figure1.EUGDPgrowthfor2024,bycountry

SOURCE:EUROPEANCOMMISSIONECONOMICFORECAST,AUTUMN2024

www.acea.auto6

PASSENGERCARS

REGISTRATIONS

Global

In2024,globalcarsalesreached74.6millionunits,markinga2.5%increasecomparedto

2023.Althoughsupplychainchallengescontinuedtoease,regionaltrendsdifferedwidely,withsomemarketsexperiencingstronggrowthandothersfacingdeclines.

Europe'scarmarketgrewby3.9%in2024,withtotalsalesreaching16.1millionunits.

However,growthwithintheEUitselfwasmuchmoresubdued,withnewcarregistrationsrisingonly0.8%toaround10.6millionunits.ThemarketintheUnitedKingdom

demonstratedresilience,achievinga2.6%increaseinnewcarsales.Incontrast,EFTAcountriesexperiencedadeclineof4.6%.

Followingrobustgrowthin2023,bothRussiaandUkrainecontinuedtheirrecoveries,withRussiasurgingby46.4%andUkrainereboundingstronglywitha12.6%increase.

Concurrently,Türkiyeconsolidateditsupwardtrajectory,growingby1.3%.

Despiteincreasedeconomicandpoliticaluncertainty,carsalesinNorthAmericaremainedresilientin2024,withtheregionrecordinga3.8%growth.TheUnitedStates,thelargest

marketintheregion,recordeda3.1%increase,reachingatotalof12.7millionunits.A

notablesurgeinthelastquarterwasdrivenbythenewadministration'spledgetoremovefederalincentivesforelectricvehicles.

PassengercarsalesintheSouthAmericanregionsurpassed3millionunitsin2024,with

totalcarsalesincreasingby6.5%.Despiterisinginflationinthefinalmonthsoftheyear,

Brazil,theregion’slargestmarket,recordeda12.5%increase,reaching1.9millionunits.

However,salesinotherimportantmarkets,suchasArgentinaandChile,declinedlastyear.

InAsia,Japanesecarsalesdeclinedby7%in2024,impactedbythephasedreductionofgovernmentsubsidiesandthepersistenteffectsofaweakdomesticcurrency.Moreover,SouthKoreasawa5.1%declineaspoliticaluncertaintyandinflationconcernsweakeneddomesticdemand.

Withastrongrecoveryinthefinalquarterof2024,Chinesecarsalesreachednearly23

millionunits,markinga2.6%year-over-yearincrease,largelybenefitingfromgovernmenttaxincentives.Notably,Chinaaccountedforapproximately31%ofglobalcarsales.

In2024,Indianpassengercarsalesgrewby4.8%,reaching4.4millionunits.Themarketbenefitedfromaresurgenceindemand,substantialdiscounts,andanexceptionalfestiveseasonsalesboostlaterintheyear.

www.acea.auto7

%change

%share2024

21.6

EUROPE

2024

1

16,107,996

2023

15,496,683

24/23

+3.9

Table2.Globalnewcarregistrations

EuropeanUnion

10,632,381

10,548,165

+0.814.3

UnitedKingdom

1,952,778

1,903,054

+2.6

2.6

Russia

1,505,284

1,027,984

+46.4

2.0

Türkiye

980,240

967,341

+1.3

1.3

EFTA

378,455

396,710

-4.6

0.5

Ukraine

68,347

60,710

+12.6

0.1

Others(Europe

)2

590,511

592,719

-0.4

0.8

NORTHAMERICA

3

15,273,220

14,712,547

+3.8

20.5

UnitedStatesonly

12,701,449

12,324,965

+3.1

17.0

SOUTHAMERICA

3,013,492

2,830,404

+6.5

4.0

Brazilonly

1,934,073

1,718,897

+12.5

2.6

ASIA

36,443,271

36,098,069

+1.0

48.9

China

22,934,722

22,363,987

+2.6

30.7

India

4,360,625

4,161,938

+4.8

5.8

Japan

3,710,912

3,990,090

-7.0

5.0

SouthKorea

1,410,965

1,486,777

-5.1

1.9

Others(Asia

)4

4,026,047

4,095,277

-1.7

5.4

MIDDLEEAST/AFRICA

3,757,180

3,671,188

+2.3

5.0

WORLD

74,595,15972,808,891+2.5100.0

SOURCE:ACEA,S&PGLOBALMOBILITY

1Provisionalfigures

2IncludesBelarus,Bosnia-Herzegovina,Kazakhstan,NorthMacedonia,Serbia,andUzbekistan

3Basedonproductiontype

4IncludesHongKong,Taiwan,andalltheotherSouthAsiancountries,excludingIndia

www.acea.auto8

EuropeanUnion(EU)

In2024,newcarregistrationsroseslightly,increasingby0.8%toaround10.6millionunits.Spaincontinuedtoshowresiliencewithasolid7.1%growthrate.Onthecontrary,declineswereobservedinFrance(-3.2%),Germany(-1%),andItaly(0.5%).

Despitetheoverallgrowth,acomparisonwithpre-pandemicvolumeshighlightshowfar

registrationshavedropped,withregistrationscurrentlystandingat18.4%lessthanthepre-pandemicvolumeof13millionunitsregisteredin2019.

Table3.Topfour-NewEUcarregistrations

Germany

20242023%change24/23

2,817,331

2,844,609

-1.0

France

1,718,412

1,774,722

-3.2

Italy

1,559,229

1,567,151

-0.5

Spain

1,016,885

949,362

+7.1

EUROPEANUNION

10,632,38110,548,165+0.8

SOURCE:ACEA

Asregardssalesbypowersource,battery-electriccarsremainedthethirdmostpopular

choiceforbuyersin2024.Theirmarketsharestoodat13.6%forthefullyear,again

surpassingdiesel,whichdeclinedto11.9%.Petrolcarsretainedtheirleadat33.3%,whilehybrid-electriccarsstrengthenedtheirsecondposition,commandinga30.9%marketshare.

Figure2.NewEUcarregistrationsbypowersource

SOURCE:ACEA

www.acea.auto9

PRODUCTION

Global

In2024,globalcarmanufacturingtotalled75.5millionunits,aslight0.5%declinefromthe

previousyear.Amongthemainregions,Europe,NorthAmerica,andJapanexperiencedthemostconsiderabledownturns.

Europeancarproductiondeclinedby4.6%in2024to14.4millionunits,reflectingasupply-demandrealignmentafterabacklog-drivensurgein2023.EU’scarproductionfellby6.2%,asindustryconfidenceremainednotablyweakerthaninotherEuropeanmanufacturing

sectors.However,carproductioninRussiacontinueditsrecovery,showinganearly45%growthin2024.

InNorthAmerica,productiondecreasedby3.2%,resultingin11.4millioncarsproducedlastyear.TheUnitedStatesshowedasimilartrend,withaslightlymorepronounceddeclineof3.5%,resultinginalmost7.4millioncarsbuilt.

In2024,SouthAmericancarproductionroseby1.7%comparedto2023,drivenbyBrazil,whichsawa6.3%increase,producingaround1.9millioncars.ThisgrowthcontrastswithsignificantdeclinesinArgentina(-19%)andColombia(-41%).

CarproductioninAsiacontinueditsupwardtrajectoryin2024,growingby1.5%tonearly46millioncars.ThisgrowthwasprimarilydrivenbyChina,whichsawarobust5.2%increase,

furthersolidifyingitspositionastheworld’slargestcarproducerwitha35.4%marketshare-1.9percentagepointshigherthan2023.Indiaalsocontributedtothepositivetrend,witha

4.7%riseinitscarproduction.Ontheotherhand,productioninJapanandSouthKoreadeclinedby8.6%and1.2%,respectively.

In2024,carproductionintheMiddleEastandAfricaregionincreasedbyamodest0.4%.TheweakperformancewasprimarilydrivenbyIran,whichaccountsforoverhalfofthe

region'sproduction,experiencinga5.6%declineduetosluggishdomesticdemandandenergydisruptionslaterintheyear.Conversely,carproductioninMoroccocontinuedtoexpand,increasingby12%in2024andreaching0.5millionunits.

www.acea.auto10

Table4.Globalcarproduction

2024

5

%change24/23

%share2024

14,394,326

15,086,144

-4.6

19.1

2023

EUROPE

EuropeanUnion

11,408,469

12,158,666

-6.2

15.1

Türkiye

935,616

971,178

-3.7

1.2

UnitedKingdom

780,270

907,551

-14.0

1.0

Russia

763,551

526,886

+44.9

1.0

Ukraine

1,656

2,670

-38.0

0.0

Others(Europe

)6

504,764

519,193

-2.8

0.7

NORTHAMERICA

11,351,650

11,721,653

-3.2

15.0

UnitedStatesonly

7,389,252

7,660,067

-3.5

9.8

SOUTHAMERICA

2,166,940

2,131,763

+1.7

2.9

Brazilonly

1,894,966

1,782,079

+6.3

2.5

ASIA

45,744,807

45,075,872

+1.5

60.6

China

26,759,962

25,431,163

+5.2

35.4

Japan

7,126,249

7,793,789

-8.6

9.4

India

4,907,330

4,688,798

+4.7

6.5

SouthKorea

3,814,982

3,861,419

-1.2

5.1

Indonesia

1,003,244

1,142,542

-12.2

1.3

Thailand

709,516

834,122

-14.9

0.9

Others(Asia

)7

1,423,524

1,324,039

+7.5

1.9

MIDDLEEAST/AFRICA

1,844,434

1,837,721

+0.4

2.4

Iranonly

955,726

1,012,385

-5.6

1.3

WORLD

75,502,15775,853,153-0.5100.0

SOURCE:S&PGLOBALMOBILITY

5Provisionalfigures

6IncludesBelarus,Kazakhstan,Serbia,andUzbekistan

7IncludesTaiwan,Australia,Malaysia,Pakistan,Philippines,andVietnam

www.acea.auto11

Figure3.Top10globalcarproducers

SOURCE:S&PGLOBALMOBILITY

www.acea.auto12

EuropeanUnion(EU)

In2024,EUcarproductiondeclinedby6.2%,reaching11.4millionunits.Thecurrentdropisaresultofsupplyanddemandrealignment,followingaphaseofcatch-updrivenbysales

backlogsandinventoryreplenishment.

ThemostsignificantdeclinesinWesternEuropewereobservedinItaly,whichsawa43.4%dropinproduction,followedbyBelgium(-31.2%),France(-12.4%),andSweden(-5.1%).

Germany,theEU'slargestproducer,experiencedamodest0.4%declineincarproduction.Conversely,Spainsawa0.7%increase,furtherconsolidatingitspositionasthesecond

largestcarmanufacturerintheregion.

Meanwhile,CentralandEasternEuropecontinuetoplayasignificantrole,withCzechia

recordinga3.5%increaseinproduction.Bycontrast,significantdeclineswererecordedinSlovakia(-7.6%)andRomania(-6.5%).

Table5ToptenEUcarproducers

%change

%share

2024

8

202324/23

2024

Germany

3,942,396

3,957,061

-0.4

34.6

Spain

1,872,988

1,859,355

+0.7

16.4

Czechia

1,446,855

1,397,631

+3.5

12.7

Slovakia

993,750

1,075,379

-7.6

8.7

France

849,437

970,183

-12.4

7.4

Italy

309,336

546,440

-43.4

2.7

Hungary

435,541

508,734

-14.4

3.8

Romania

473,110

506,099

-6.5

4.1

Belgium

197,624

287,227

-31.2

1.7

Sweden

270,807

285,310

-5.1

2.4

EUROPEANUNION

11,408,469

12,158,666

-6.2

100.0

SOURCE:S&PGLOBALMOBILITY

8Provisionalfigures

www.acea.auto13

TRADE

In2024,theEUwitnessedanotablecontractioninboththeimportvalueandvolumeofcars,withvaluesdecliningby8.8%andvolumesby5.2%.Thisdownturnstemmedfroma

decelerationinproductionanddeterioratingconsumerconfidence,factorsthatalso

contributedtoa7.3%decreaseinexportvalueanda6.6%reductioninexportvolume.

Despitetheseheadwinds,theEUmaintainedatradesurplusexceeding€81billion,althoughthisrepresenteda5.9%declinecomparedto2023.

Table6.EUnewcartrade

Tradeinvalue(inmillion€)

2024

2023

%change24/23

Imports

73,159

80,214

-8.8

Exports

154,702

166,832

-7.3

Tradebalance

81,543

86,618

-5.9

Tradeinvolume(inunits)

2024

2023

%change24/23

Imports

3,420,402

3,608,894

-5.2

Exports

4,553,344

4,872,516

-6.6

SOURCE:EUROSTAT

www.acea.auto14

Imports

In2024,ChinamaintaineditspositionastheprimarysourceofnewEUcarimportsintermsofvalue.Despiteexperiencinga12.2%decline,Chinastillclaimeda17.2%marketshare.

ImportsfromtheUnitedKingdom,Japan,andTürkiyecloselytrailedbehind,contributing

togetherwithChinatonearly60%ofthevalueofnewEUcarimportsfromoutsidethebloc.TradeflowsfromTürkiyeandJapantotheEUsawsignificantgrowth,risingby13.8%and6.4%,respectively.Incontrast,newcarsfromtheUnitedKingdomexperiencedanotable

double-digitdecline,whileSouthKorearecordedthesteepestdropat22%.

EUimportvolumesshowedamixedoutlookamongitstopfivetradingpartners.Türkiyeledwithastrong3.7%growth,followedbyJapan(+3.7%)andChina(+0.5%).However,

Moroccoexperiencedasharpdeclineof14.8%,whileSouthKoreasawanevenmorepronounceddropof18.3%.

Table7.EUnewcarimports,maincountriesoforigin

Tradeinvalue(inmillion€)

2024

2023

%change24/23

%share2024

China

12,602

14,348

-12.2

17.2

Japan

11,718

11,013

+6.4

16.0

UnitedKingdom

10,423

12,492

-16.6

14.2

Türkiye

8,995

7,902

+13.8

12.3

SouthKorea

7,850

10,066

-22.0

10.7

SOURCE:EUROSTAT

Table8.EUnewcarimports,maincountriesoforigin

%share2024

21.9

15.8

%change

Tradeinvolume(inunits)2024202324/23

China748,448744,829+0.5

Türkiye542,083522,665+3.7

Japan498,413480,400+3.714.6

Morocco

446,823

389,242

-14.8

13.1

SouthKorea

356,633

436,572

-18.3

10.4

SOURCE:EUROSTAT

www.acea.auto15

Exports

In2024,theexportvalueofEU-madecarstotheUnitedStatesfellby4.6%.Thesteepest

declinewasinChina,witha25.5%drop,likelyduetorisingcompetitionfromdomestic

vehiclemanufacturers.ExportstoSwitzerlandandTürkiyealsodroppedby9.9%and7.6%,respectively.Ontheotherhand,exportstotheUnitedKingdomgrewby2%,indicating

sustaineddemandforEU-madecars.

Despitethemixedpicture,theUnitedStatesandtheUnitedKingdomcollectivelyaccountfornearlyhalfoftheEU'snewcarexportsinvalue,underscoringtheirimportanceaskey

marketsfortheEUautoindustry.

Intermsofexportvolumes,therehasbeenabroaddeclineacrosstheEU’stopdestinations.ShipmentstoChinadroppedby24.2%,followedbySwitzerland(-11.9%),theUnitedStates(-6.2%),andTürkiye(-5%).TheUnitedKingdomexperiencedalesspronounceddeclineof2.2%,yetthesemarketsremaincriticalfortheEU’sautomotivesector.

Table9.EUnewcarexports,maindestinations

Tradeinvalue(inmillion€)

2024

2023

%change24/23

%share2024

UnitedStates

38,463

40,311

-4.6

24.9

UnitedKingdom

33,306

32,641

+2.0

21.5

China

14,419

19,358

-25.5

9.3

Türkiye

11,879

12,848

-7.5

7.7

Switzerland

6,871

7,623

-9.9

4.4

SOURCE:EUROSTAT

Table10.EUnewcarexports,maindestinations

Tradeinvolume(inunits)

2024

2023

%change24/23

%share2024

UnitedKingdom

1,252,672

1,281,162

-2.2

27.5

UnitedStates

749,166

798,945

-6.2

16.5

Türkiye

579,841

610,129

-5.0

12.7

China

271,470

358,025

-24.2

6.0

Switzerland

178,276

202,403

-11.9

3.9

SOURCE:EUROSTAT

www.acea.auto16

COMMERCIALVEHICLES

REGISTRATIONS

Global

In2024,NorthAmericaledwitha1.7%increaseinsalescomparedto2023,reaching4millionunitsandrepresentinga30%marketshare.Incontrast,Europesawagrowthof5.7%,totalling2.5millionunitsandcapturingan18%marketshare.GreaterChina

9

experiencedadeclineof5.9%,withsalesdroppingtonearly3millionunits,yetmaintainingasubstantial22%marketshare.

Thetrucksegmentfollowed,withGreaterChinaholdingastablemarketat1millionunits,aslightincreaseof0.9%,commandinga34%marketshare.NorthAmericaandEuropesawdeclinesintrucksales,decreasingby1.9%and7%,respectively.SouthAsiaexperiencedanotabledropof7.8%,whileSouthAmericasawan8.1%increase.

Inthebussegment,GreaterChinaledwitha29%increaseinsalesto120,997units,

capturinga31%marketshare.SouthAsiasawa14.5%riseto96,949units,whileEuropeexperienceda7.3%growthto60,625.NorthAmericafaceda4%declineto55,322units.

Figure4.Globalnewcommercialvehiclesandbussale

s10

SOURCE:S&PGLOBALMOBILITY

9IncludesMainlandChina,andTaiwan

10BasedonproductiontypeforNorthAmericaregion.EuropeincludestheEU,EFTA,theUnitedKingdom,andothercountries,notablyBelarus,Bosnia-Herzegovina,Kazakhstan,NorthMacedonia,Russia,Serbia,Türkiye,Ukraine,andUzbekistan

www.acea.auto17

EuropeanUnion(EU)

In2024,newEUvansalesincreasedby8.3%,reaching1.6millionunits,drivenbypositiveresultsinallfourkeymarkets.Spainledwitharemarkable13.7%rise,followedbyGermanyat8.4%,Franceat1.1%,andItalyat0.9%.

Bycontrast,newEUtruckregistrationsdeclined6.3%in2024,totalling327,896units.Amongthefourmajormarkets,Germany(-6.9%),France(-2.9%),andItaly(-0.7%)

experienceddeclines,whileSpainrecordedanotable12%increase.

NewEUbussalesrose9.2%in2024comparedto2023,totalling35,579units.Italyrecordedanoteworthydouble-digitgrowthof26.7%,Spainsawa10.3%increase,andFrancegrew

by2.2%.Ontheotherhand,Germanyexperienceda2%decline.

Table11.EUnewcommercialvehicleandbusregistrations

2023

%change24/23

2024

11

Vans

12

1,586,688

1,465,559

+8.3

France

379,747

375,510

+1.1

Germany

281,078

259,376

+8.4

Italy

198,517

196,732

+0.9

Spain

166,157

146,144

+13.7

Trucks

13

327,896

349,792

-6.3

Germany

88,240

94,820

-6.9

France

50,635

52,143

-2.9

Spain

32,140

28,688

+12.0

Italy

28,698

28,889

-0.7

Buses

14

35,579

32,579

+9.2

Italy

6,594

5,205

+26.7

France

6,258

6,125

+2.2

Germany

5,382

5,493

-2.0

Spain

4,059

3,679

+10.3

TOTAL

1,950,163

1,847,930

+5.5

SOURCE:ACEA

Asregardsregistrationsbypowersource,dieselremainedthepreferredchoicefornewEUvanbuyersin2024,withregistrationsrisingby10.5%.Thisgrowthincreaseditsmarket

shareby1.7percentagepoints,reaching84.5%.Petrolmodelssawanincreaseof3%,stabilisingata6%marketshare.Electricallychargeable

15

vansexperiencedasignificant

11Provisionalfigures

12Lightcommercialvehiclesupto3.5t

13Mediumandheavycommercialvehiclesover3.5t

14Busesandcoachesover3.5t

15Includingbatteryelectricvehicles(BEVs)andplug-inhybridelectricvehicles(PHEVs)

www.acea.auto18

declineof9.1%,reducingtheirmarketshareto6.1%from7.2%thepreviousyear.Hybrid-electricvansalesalsofellby4.8%,accountingforjust2%ofthemarket.

Dieseltruckscontinuedtodominatein2024,accountingfor95.1%ofnewEUregistrations,despitea6.2%decline.Electricallychargeabletruckregistrationsfellby4.6%,withtheir

marketshareremainingstableat2.3%comparedtolastyear.

NewEUelectricallychargeablebusregistrationsroseby26.8%in2024,withthemarket

shareincreasingfrom15.9%to18.5%.Hybrid-electricbussalesfellby16.1%,makingupa9.8%share.Dieselbusregistrationsgrewby11.1%,increasingtheirmarketshareto63.1%,up1percentagepointcomparedto2023.

Figure5.Newcommercialvehiclesregistrationsbypowersource

www.acea.auto19

PRODUCTION

Global

In2024,globalvanproductiondeclinedby4.6%.Europeanoutputdeclinedby5.3%,largelyduetoa5.9%decreaseintheEUanda9.4%fallinTürkiye.NorthAmerica,however,sawa3.9%increase,ledbya4.2%gainintheUnitedStates.SouthAmericaexperienceda2%

rise,boostedbyBrazil’sstrong15.1%growth.InAsia,productionfellby9.3%,withChina

(6.8%),Japan(-5.4%),Thailand(-23.1%),andIndia(-1.5%)allcontributingtothedownturn.Furthermore,theMiddleEastandAfricaregionrecordedan18.4%decrease,primarilyduetoa14.7%declineinSouthAfrica’sproductionforthistypeofvehicle.

Table12.Globalva

n16

production

%share2024

2023

%change24/23

2024

17

2,726,546

-5.3

2,879,657

19.6

EUROPE

EuropeanUnion

2,011,288

2,137,466

-5.9

14.4

Türkiye

405,769

447,994

-9.4

2.9

UnitedKingdom

106,494

93,488

+13.9

0.8

Russia

95,825

98,109

-2.3

0.7

Others(Europe

)18

107,170

102,600

+4.5

0.8

NORTHAMERICA

4,115,578

3,961,149

+3.9

29.5

20.0

UnitedStatesonly

2,795,953

2,682,467

+4.2

SOUTHAMERICA

796,006

780,717

+2.0

5.7

Brazilonly

486,333

422,679

+15.1

3.5

ASIA

5,938,233

6,546,920

-9.3

42.6

China

3,105,447

3,333,289

-6.8

22.3

Japan

781,875

826,746

-5.4

5.6

Thailand

756,641

984,046

-23.1

5.4

India

745,948

757,004

-1.5

5.3

Others(Asia

)19

548,322

645,835

-15.1

3.9

MIDDLEEAST/AFRICA

369,500

452,672

-18.4

2.6

SouthAfricaonly

214,530

251,515

-14.7

1.5

WORLD

13,945,86314,621,115-4.6100.0

SOURCE:S&PGLOBALMOBILITY

16Lightcommercialvehiclesupto6t

17Provisionalfigures

18IncludesKazakhstanandUzbekistan

19IncludesIndonesia,Malaysia,Pakistan,Philippines,SouthKorea,Taiwan,andVietnam

www.acea.auto20

In2024,globaltruckproductiondeclinedby8.