World car market stays sturdy in November

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For November, the World Mild Automobile (LV) promoting price remained sturdy, at 95 million models/12 months, solely barely beneath October’s consequence. In year-on-year (YoY) phrases, the market fell 2% as gross sales totaled 8.1 million models globally. Yr-to-date (YTD), 83.6 million automobiles have been bought, up 4% from the identical interval in 2024.

The important thing markets of the US, Western Europe, and China noticed combined fortunes. Within the US, gross sales fell for a second consecutive month YoY because of the removing of EV tax credit and financial headwinds. In Western Europe, gross sales remained broadly flat; nonetheless, the outlook stays extra constructive heading into 2026. Lastly, gross sales in China declined YoY, although the promoting price continues to submit sturdy outcomes.

North America

US Mild Automobile gross sales fell by 5.8% YoY in November, to 1.29 million models. With November 2025 containing one promoting day fewer than November 2024, gross sales declined by 2.0% YoY on a promoting day-adjusted foundation. The annualized promoting price accelerated to fifteen.8 million models/12 months in November, from 15.3 million models/12 months in October. Though the shortage of EV tax credit was once more a drag on gross sales, the remainder of the market carried out comparatively effectively, contemplating that financial considerations and price pressures because of tariffs might have brought on a way more extreme slowdown than we’ve seen to date. Common transaction costs have been US$46,205 in November, down by US$207 MoM, and up by a modest 2.0% YoY, beneath inflation general.

Canadian Mild Automobile gross sales totaled an estimated 140k models in November, down by 6.2% YoY, whereas the promoting price slowed to 1.79 million models/12 months, from 1.95 million models/12 months in October. Knowledge prompt month-to-month mortgage funds are growing, hinting at price pressures feeding by means of to consumers. In Mexico, gross sales decreased by 1.3% YoY, to 155k models, however the promoting price accelerated to 1.71 million models/12 months, from 1.63 million models/12 months in October. Gross sales occasions linked to ‘El Buen Fin’ – equal to Black Friday – seemingly helped volumes, however three fewer promoting days than November 2025 hindered the YoY comparability.

Europe

The Western Europe LV market remained broadly flat in November as gross sales reached 1.09 million models. The month-to-month promoting price accelerated from October’s consequence to 14.4 million models/12 months. YTD gross sales presently stand at 12.2 million models (+0.1% YoY). The pattern in gross sales stays much like October’s consequence with Spain main the way in which because the strongest market, whereas Germany continued a modest progress path. In distinction, France, Italy, and the UK all noticed broadly flat or weak outcomes.

In Jap Europe, the LV promoting price was broadly the identical as October’s consequence, at 5.0 million models/12 months. Russia’s LV market cooled in November after October’s front-loaded rebound, with gross sales down 17% MoM however nonetheless up 0.8% YoY, marking the second-strongest month of 2025. The post-October slowdown confirms that demand was largely pulled ahead forward of the December 1 recycling-fee hike, quite than signalling a sustained restoration. The Turkish PV market grew for a ninth consecutive month as gross sales totalled 105k models in November 2025. The month-to-month promoting price remained broadly flat. YTD gross sales at the moment are 938k models, up 11% from the identical interval in 2024. The PV market is now anticipated to exceed 1 million models for the primary time, on an annual foundation.

China

The China PV market fell 6.4% YoY, with the most recent consequence evaluating to a very sturdy remaining few months of 2024, as client appeared to benefit from the federal government trade-in scheme (which was ultimately prolonged). Nonetheless, the market nonetheless reveals power when wanting on the promoting price by itself, even when this metric has eased again from some current red-hot months in the summertime and autumillion. On a uncooked foundation, the quantity hit the very best quantity of the 12 months, although that is to be anticipated for the month of November. We count on December’s promoting price to be broadly in step with final month, capping a powerful 12 months of progress.

After adjusting our medium-to-long-term view available on the market following the Chinese language authorities outlining its intention to strengthen efforts in selling vehicle consumption, we’ve held our forecast as soon as once more this month. This announcement means extra shoppers will pull ahead buying choices into late 2026, and out of 2027 and 2028 (assuming no additional help comes), although there is no such thing as a express information on finish date of its help.

Different Asia

In Japan, LV gross sales dropped 5.2% YoY to 367k in November, extending the YoY contraction to 5 consecutive months. The market restoration has been significantly hampered in current months because the PV market has fallen 4.7% YoY within the first 5 months of H2 2025, in comparison with the identical interval final 12 months, whereas CV stands flat for a similar YoY comparability. After promoting price power provided some aid final month, the seasonally adjusted annualised metric starkly dropped 12.3% MoM in November, leaving little hope for a rebound within the remaining month of the 12 months. The weak point is being pushed by decrease client spending because of the markets larger financing reimbursement charges.

Korean LV gross sales edged up 0.5% YoY to 146k models in November following a marked deterioration the earlier month. The implications of the Chuseok nationwide holidays have been the driving force of earlier month’s weak point, which means a return to YoY stability was an expectation for many. Nonethless, in promoting price phrases, the market posted its third greatest month of the 12 months because the variable hit 1.75 million models/12 months.

South America

Brazilian Mild Automobile gross sales totalled 227k models in November, down by 5.4% YoY. The promoting price accelerated to 2.84 million models/12 months in November, from 2.74 million models/12 months in October. With that mentioned, promoting charges are an imperfect measure of market efficiency, given the seasonality shift that’s taking place in Brazil, with gross sales more and more boosted in November by Black Friday promotions. The YoY comparability was damage by extraordinarily sturdy year-ago volumes.

In Argentina, gross sales totalled 32.9k models in November, down by 3.4% YoY. This was the primary time that gross sales had declined YoY since July 2024. The promoting price slowed to 453k models/12 months in November, from 594k models/12 months in October. Shoppers might have been spooked by a spike in inflation and fluctuations in trade charges, however it’s too early to say whether or not this the start of a pattern.

“World car market stays sturdy in November” was initially created and revealed by Simply Auto, a GlobalData owned model.

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