Global New Car Market to Grow 2.4% in 2025; US Faces Tariff Uncertainty, China’s Smart Car Competition Intensifies, Says TrendForce

TrendForce’s latest investigations reveal that global sales of new cars are expected to reach 90.6 million units in 2025, marking a 2.4% YoY increase. China will account for the largest share at 29%, followed by the US at 18% and Western Europe at 15%. However, the US market faces significant uncertainty due to tariffs, while competition in China’s smart vehicle sector is expected to heat up.