4,395 new light vehicles hit Singaporean roads in November, a strong 21.9% year-on-year uptick leading to a year-to-date volume up 23.2% to 46,288. BYD (+116.5%) signs a 10th straight month in pole position, now outselling #2 Toyota (-25.2%), in great difficulty, 2.3 to 1. Mercedes (-0.2%) is stable year-on-year but up two spots on October to #3, distancing Tesla (+81.7%), also up two to #4 and Honda (+14.9%) down two to #5. Zeekr (+423.5%) remains inside the Top 10 vs. #19 year-to-date, with Suzuki (+352.9%), MG (+347.1%), Chery (+247.8%) and Subaru (+156.7%) all lodging surreal gains.
The first generation Honda BR-V is still on sale in Pakistan.
According to local association PAMA, sales of new locally-made light vehicles in Pakistan surge another 51.9% year-on-year to 15,442 units. The year-to-date tally is now up 40.9% to 162,389. Suzuki (+23.1%) trails the market but still manages a strong 42.8% share vs. 46% so far this year. Toyota (+74.7%) does better in 2nd place but the winner of the month is Honda up a fantastic 134.6% to 16.9% share vs. 13.1% year-to-date. JAC (+127.6%) and Sazgar Haval (+89.6%) also shine.
Model-wise, the Suzuki Alto (+47.6%) is a distant leader again above the Toyota Corolla (estimated at +77.7%) and Suzuki Swift (+49.1%). The Honda Civic (+133.5%) is estimated to climb to #4, distancing the Toyota Yaris (+77.6%) and Sazgar Haval H6 (+89.6%). The Honda City (+133.6%) is estimated to be the 7th model delivering a four-figure result for the month.
Fang Cheng Bao delivers over 35,000 units for the first time.Β
According to data by the CAAM, Chinese wholesales in November edge up 3.4% year-on-year to 3,429,000 units. This means year-to-date volumes are up 11.4% to 31,127,000. Passenger Cars are up 1.2% to 3,037,000 for the month and up 11.5% to 27,256,000 year-to-date. For their part Commercial Vehicles surge 24.4% to 392,000 in November and are up 10.4% to 3,870,000 year-to-date. New Energy vehicle sales are up 20.6% to 1,823,000. BEVs soar 28.9% to 1,170,000 while PHEVs are up 7.9% to 652,000. Year-to-date, NEV sales are up 31.2% to 14,780,000 with BEVs up 41.2% to 9,515,000 and PHEVs up 16.4% to 5,261,000. Exports are up 48.5% to 728,000 units in November including 624,000 PC (+48.7%) and 104,000 CV (+47.2%). Year-to-date exports are up 18.7% to 6,343,000 including 5,397,000 PV (+19.4%) and 947,000 CV (+14.6%). NEV exports are up 100% to 2,315,000.
In the brands charts, the medium-term trend we have observed continues: BYD (-35%) is in deep trouble whereas #2 Geely (+33.5%) powers ahead to a new all-time record monthly volume above 210,000 units. βSurvivingβ BYD models include the Sealion 05 (+56.1%) and Dolphin (+3.8%) with the new Sealion 06 above the 25,000 monthly sales mark for the 4th straight month in 5 months of activity and the new Seal 05 cracking the 20,000 sales milestone for the first time. The Song Plus (-80.5%), Han (-72.4%), Tang (-69.7%), Seagull (-61.2%), Song L (-59.1%), Qin L (-47.4%), Song Pro (-37.1%) and Seal 06 (-32.5%) are all hit hard. In contrast, in the Geely corner the Xingyuan is up 109.8% to over 42,000 sales while the Galaxy New Energy range is up 82.8% to 63,688. The Boyue SUV is also very impressive at +138.4%.
Voyah cracks the 20,000 monthly sales milestone.
Illustrating the current heavy difficulties on foreign manufacturers in China, Volkswagen plunges -22.4% and Toyota drops -13.6%. Wuling edges up 4.6% to remain in 5th place while Tesla (-0.5%) is stable year-on-year and up 19 spots on October to #6 vs. #9 so far this year. Chery (-21.3%) struggles at #7 ahead of a solid Nissan (+13.2%). Encouragingly, this is Nissanβs 6th straight month of year-on-year upticks. After breaking its all time monthly volume record for the past 6 consecutive month, Leapmotor (+56.9%) takes a breather but still manages its 2nd best ever volume, above 60,000 units. Audi (+4.7%) closes the Top 10 out with a small gain. Xiaomi (+99.7%) continues to stun, albeit down two spots on last month to #14. Fang Cheng Bao (+314.1%) is the winner of the month, breaking into the Top 20 for the first time at #18 and delivering a third consecutive record month, above 35,000 sales. Voyah (+84.3%) also passes an important milestone at over 20,000 units for the first time (#29).
Looking at the models ranking in isolation, the Wuling Hongguang Mini EV (+63.2%) manages a third win in a row but remains in 2nd place year-to-date below the Geely Xingyuan (+109.8%) itself down one rank on last month to #3. Following a particularly poor score in October, the Tesla Model Y (+5.7%) rallies back up 15 spots to land in 2nd place, most importantly reclaiming the SUV crown off the new Xiaomi YU7 down from #5 last month to #6 in November. The Nissan Sylphy (+16.5%) and BYD Qin Plus (-3.9%) round out the Top 5, with the latter being the only BYD model in the Top 10 (there are 6 in the Top 17). The Tesla Model 3 (-10%) also returns inside the Top 10 at #9 vs. #113 in October. The new BYD Sealion 06 ranks #11, the Fang Cheng Bao Tai 7 is at a record 12th place, the BYD Seal 05 cracks the Top 30 for the first time, landing at #14.
2024 and 2025 Mexican data is now available for Geely.
The Mexican new light vehicle market edges down -0.4% year-on-year in November to 148,361 units, but the year-to-date tally is up 1% to 1,370,056. Nissan (+0.6%) stays on top of the brands charts with 17.6% share, distancing Chevrolet (-4.6%). November is decidedly a great month for Mazda: after breaking all its records a year ago, the Japanese brand does it again this month, climbing to a record third place with an all-time high 13,810 sales and 9.3% share. Volkswagen (-3.6%), Toyota (-4.3%) and Kia (+2%) all drop one spot on October to #4, #5 and #6 respectively. Great performers in the remainder of the Top 10 include Hyundai (+12.5%) and Ford (+8.3%) but MG (-45%) is hit full frontal. This month Geely sales data becomes available (also retroactively for 2024): the Chinese carmaker ranks #14 with 2.3% share (+245.4%). We also welcome Soueast and the retour of Jetour in the charts.
Model-wise, Nissan places the Versa (-9.3%) at #1 and the NP300 (+3.8%) at #2, the latter advancing to third place year-to-date as it passes the Kia K3 (-1.4%). The Chevrolet Aveo (-19.2%) is in a rut but stays at #3. Excellent showings for the Mazda CX-30 (+56.1%), Hyundai Creta (+50.8%), Renault Kwid (+48.8%) and Chevrolet S10 (+35.4%). The Nissan Magnite remains the most popular recent launch at #14 above the Geely EX5 at #40 and the VW Tera at #52.
The Tata Nexon is the best-selling vehicle in India for the 3rd straight month.
After smashing its monthly volume record in October, the Indian new wholesales market continues on its exceptional momentum in November with deliveries up another 18.7% year-on-year to 417,495. This the 2nd highest monthly volume in Indian history below last month. Once again, responsible for this great result isΒ the introduction of a new GST structure (GST-2.0), which cut tax on entry-level cars from around 28% to 18%. Year-to-date volumes are up 4% to a record 4,126,144.
The Top 3 carmakers all beat the market with Maruti Suzuki up 21% to 41% share vs. 39.5% so far this year, Tata up 22% to reclaim the #2 spot for the second time in the past three months, and Mahindra up 21.9% to #3. Hyundai (+4.3%) is a lot more shy and is now in danger of losing the #3 year-to-date position to Tata, whereas it ranked #2 over the Full Year 2024. Other great performers include Citroen (+140.5%), Skoda (+90.3%) and Renault (+30.3%).
Over in the models charts, the Tata Nexon (+46.4%) scores a third consecutive win, distancing the YTD leader the Maruti Suzuki DZire (+79%). The Maruti Suzuki Swift (+33.9%) is also in great shape, up seven spots on October to #3. The Mahindra Scorpio (+22.9%) and Tata Punch (+21.5%) also outpace the market in the remainder of the Top 10. The Maruti Suzuki Victoris is the best-selling recent launch at #13, well above the Skoda Kylaq at #34.
The VinFast Limo Green is by far the best-selling vehicle in Vietnam in November.
Based on data by local association VAMA and Hyundai, new vehicle sales in Vietnam sink -17.8% year-on-year in 44,801 units. The year-to-date tally is now up just 2.1% to 375,184.Β This month once again we have access to exclusive figures by local manufacturer VinFast, which sends the overall market to 67,987 for the month and 522,634 year-to-date.Β
After passing the 20,000 monthly unit-mark for the first time in October, VinFast breaks its monthly record again in November to a fantastic 23,186 sales. Toyota (-11.1%) limits its fall to stay at #2 ahead of Hyundai (-47%) completely imploding, Ford (-2.6%) and Thaco-Kia (-29.6%). Mitsubishi is stable.
The VinFast Limo Green brilliantly takes the lead of the models charts with a stunning 14.2% share and for its 4th month in market. It distances the YTD leader the VinFast VF 3 ahead of the VF 5 and VF 6. As a result, the Limo Green climbs from #18 to #6 year-to-date. The Mitsubishi Xpander (-7.8%) is the best of the rest above the Mitsubishi Xforce (+20.8%) and Ford Ranger (-9.6%).
The Moroccan new light vehicle market delivers an 11th consecutive month of 20%+ year-on-year growth in November at +36.5% to 21,603 units. In the detail, Passenger Cars are up 37.9% to 19,193 units while Light Commercials gain 26.5% to 2,410. This monthβs growth has a lot to do with the Top 2 brandβs performance: indeed Dacia is up 56.9% to 25.5% share while sister brand Renault (+100.5%) simply doubles its sales to reach 22.5% share, simply its highest since we started following Morocco monthly back in January 2022. The rest of the Top 10 trails the market, with Audi (+21.8%) and Skoda (+17.9%) the best performers and Opel (-36.9%) and Hyundai (-16.8%) faring the worst. New for the month, Deepal lands directly at #17 with 1% share, with the next best-selling recent launches being Chery (#19) and Soueast (#20). We also welcome Leapmotor (#31) and Lynk & Co (#42).
The GWM Poer is the 2nd best-selling vehicle in Ecuador in November.
New vehicle sales in Ecuador continue to surge in November at +46.3% year-on-year to 11,810 units, leading to a year-to-date tally up 13% to 112,550. Kia (+36%) significantly widens the gap with Chevrolet (-6.1%), once again in deep trouble, to 15.6% share vs. 11.2%. Hyundai (+104.3%) and GWM (+140.4%) both shoot up, up one and two spots on October respectively. JAC (+83.3%), Chery (+69.5%) and Renault (+61.9%) also beat the market below but itβs BYD (+215.9%) that delivers the biggest year-on-year gain in the Top 10. Notice also Jetour up 161.2% to #15.
Model-wise, the Kia Soluto remains in first place while the GWM Poer climbs to #2, becoming the countryβs best-selling pickup above the Chevrolet D-Max which used to be the uncontested leader here. The Chevrolet Groove follows, ahead of three Kias: the Sonet, Seltos and Sportage.
The BYD Atto 1 confirms its status of instant best-seller in Indonesia.
New vehicle wholesales in Indonesia have stabilised in November at -0.1% year-on-year toΒ 74,252. Due to a mediocre start of the year, the year-to-date tally remains in frank negative at -9.5% to 710,084. Retail sales for their part are actually up 4.3% toΒ 79,310 for the month but down -8.3% to 739,977 year-to-date.
Toyota (-19.8%) is in deep trouble but still manages a 29.1% market share vs. 31.5% so far this year. Daihatsu (+16.5%) posts a very strong result but is down one percentage point on its YTD share at 15.7% vs. 16.7%. After reaching a record 14.3% share last month, BYD (+233.6%) is down slightly to a still tremendous 12.8% due to one single model as weβll see further down. The Chinese carmaker more tham triples its sales year-on-year. Isuzu (+25.3%), Mitsubishi (+22.3%), Suzuki (+8.9%) and Mitsubishi Fuso (+5.4%) are also strong below whereas Honda (-63.9%) collapses. Retail-wise, Toyota (-6.2%) contains its loss ahead of Daihatsu (+5.3%), BYD (+191%) and Mitsubishi (+15%).
Over in the wholesales models charts, the new BYD Atto 1 (aka Seagull or Dolphin Mini/Surf) confirms its spectacular arrival in the Indonesian market with a second straight win at above 10% share, this time 11.2%. This is a really momentous event and by far the most successful launch in the country ever. Leader year-to-date, the Toyota Kijang Innova (-24.3%) is back up one spot on October to #2, bypassing the Daihatsu Gran Max Pikap (+9.3%). The Toyota Avanza (-34.4%) is in difficulty at #4 while the Suzuki Carry Pikap (+31.4%) rounds out the Top 5 like last month. Strong runs by the Daihatsu Gran Max Minibus (+946.6%), Toyota Raize (+56.9%) and Rush (+20.7%).
23,008 new cars hit Austrian roads in November, a fantastic 20.5% year-on-year improvement. The year-to-date volume is now up 13.1% to 262,602. Volkswagen (+46.8%) plays a big role in the marketβs overall rise, climbing to 16.8% share vs. 14.4% so far this year. This is the carmakerβs highest share since May 2024. Skoda (+3.9%) is more modest in 2nd place while BMW (-3.6%) actually falls. Hyundai (+119.6%) shoots up 10 spots on last month to #4. Seat (+63.4%) and Dacia (+21.8%) also shine in the remainder of the Top 10. In contrast Cupra (-23.7%) and Tesla (-7.7%) disappoint. BYD is up 64.3% to #14.
Model-wise, the Skoda Octavia (-7.2%) stays on top despite going against the positive market. It is followed by three Volkswagens: the Golf (+20.4%), Polo (+145.9%) and Tiguan (+29.5%). The new Dacia Bigster is back inside the Austrian Top 5 for the third time and breaks into the YTD Top 20 at #18. Below the BMW X1 (+4.8%), the Mitsubishi Colt (+542.6%) β a rebadged Renault Clio β scores its first Top 20 finish, landing directly at #7. The Hyundai i10 (#11) and MG ZS (#12) also impress.
The Jeep Avenger ends the month just 3 sales off a maiden Top 10 finish.
New car sales in Slovenia advance a solid 13.5% year-on-year in November toΒ 4,861 units, leading to a year-to-date volume up 8.8% to 54,164. Volkswagen (+10%) retains the brands top spot with 14.9% share, well ahead of Skoda (+12.1%) at 10.6% and despite the latter advancing faster year-on-year. Toyota (+9.5%), Renault (+5.8%) and Dacia (+5.4%) are more discreet while Hyundai (-12.9%) disappoints with a negative score. MG (+430.8%) soars to a record 7th place with 4.3% share vs. 1.6% year-to-date, the carmakerβs second incursion inside the Slovenian Top 10 after December 2023 (#10). Jeep (+155%), Opel (+88.3%) and Citroen (+75.5%) also stun below.
Over in the models charts, the Renault Clio (+26.8%) surges ahead to reclaim the top spot it holds year-to-date with 4.1% share. The Skoda Octavia (+13.6%) is also sturdy and is up one rank on last month to #2. Up to a record #2 a year ago, the Hyundai Tucson (-20.4%) skids year-on-year but is up to #3 vs. #10 in October. Excellent scores for the Dacia Sandero (+147.7%) at #4 vs. #24 YTD and the VW Tiguan (+113.7%) now up to #6 so far this year. The Jeep Avenger (+150%) ends the month just 3 sales off a maiden Top 10 finish.
The Tesla Model Y holds 18.3% of the Norwegian market in November.
The Norwegian new car market in November is boosted by fears of lowered VAT floor to NOK 300,000 (US$29,700) on new electric cars by January 1st. Overall sales are up a whopping 70.2% year-on-year to 19,899 units, the largest November volume in Norwayβs history. Year-to-date volumes are up 25.5% to 144,362. BEV sales are up 77.6% to 19,427 and 97.6% share vs. 93.6% a year ago and up 34.2% year-to-date to 137,887 and 95.5% share vs. 89.3% over the same period in 2024. Meanwhile HEVs are off -42.5% to 161 and 0.8% share, PHEVs edge down -1.3% to 152 and 0.8% also, diesel is at 0.7% share and petrol at 0.1%. For the first time, 4Γ4 share surpasses 80% and 80.6% vs. 76.8% a year ago.
Tesla shoots up 175.2% to 6,215 sales and 31.2% share, its best result since March 2023 (7,899 and 40.8% share). Thanks to year-to-date sales up 34.6% to 28,606, Tesla has already beaten the annual brand sales record previously detained by Volkswagen in 2016 (26,572). Volkswagen (+35.7%) trails the market to 11% share vs. 12.9% so far this year but Volvo (+178.2%) also stuns to 9.4% share vs. 7.9%. This means the Top 3 carmakers hold over 50% of the market (51.6%). Kia (+149.3%), Hyundai (+82.4%) and Ford (+75.9%) also impress in the remainder of the Top 10. Of note, there are no Chinese brands among the 10 best-sellers, with Xpeng (+113.3%) at #11 and MG (+698.4%) at #12. Polestar is up 138.8%, Mazda up 893.8%, Renault up 191.4% and Zeekr up 1950%.
Model-wise, the Tesla Model Y is up 144.7% to 18.3% share and is now just 540 sales away from breaking the annual model sales record it currently holds (23,088 in 2023). The Tesla Model 3 (+235.3%) holds the 2nd spot and reaches 12.9% share, its highest since September 2024. The Volvo EX40 (+462%) stays on the podium, distancing the VW ID.4 (+18.1%) and ID.7 (+59.5%), both disappointing in context.
The South Korean new car market edges down -1.1% year-on-year in November to 145,936 units. Local carmakers pull the market down at -5.8% to 116,588 whereas foreigners jump +23.4% to 29,348. Year-to-date figures are up 2.8% to 1,531,044 including 1,252,508 locals (+0.2%) and 278,536 foreigners (+16.2%). Hyundai (-5.1%) retains the brands pole position with 33.9% share above sister brand Kia (-0.6%) at 32.8%. Genesis (+4.7%) is back above 10,000 monthly sales for the first time since last June, distancing Tesla (+110.9%), BMW (-2.1%) and Mercedes (+20.7%). Renault Korea (-51%) collapses year-on-year while Volvo (+10.6%) is solid at #9. Newcomer BYD breaks into the Top 10 for the first time at #10 with 0.8% share.
Looking at domestic models, the Kia Sorento (-3.7%) manages a 13th win in the past 15 months and is way above the competition this month. The Kia Sportage (+62.2%) takes the second spot ahead of the Hyundai Grandeur (+28.8%). The Hyundai Sonata (-11.4%) follows, distancing the Hyundai Avante (+0.1%) and Tucson (-3.6%). The Hyundai Palisade (+124.5%) continues to benefit from its new generation at #8 overall.
Over in the foreign models ranking, the Tesla Model Y (+102.8%) surges ahead year-on-year to dominate the charts head and shoulders with over 6,000 sales. The Mercedes E Class (+50.3%) is also in fantastic shape at #2 ahead of the BMW 5 Series (-5.3%), in difficulty. The Tesla Model 3 (+193.6%) is back up three spots on October to #4, a ranking it also holds year-to-date. Notice also the Mercedes GLE up 256.7% and the BYD Sealion 7 up to a record 7th place.