The new car market has entered 2025 with renewed momentum and cautious optimism particularly for electric vehicles and emerging brands despite geopolitical and economic headwinds, according to Cox Automotive’s latest car sales forecasts.
Philip Nothard, insight director at Cox Automotive, believes the industry is adjusting to a “new global production reality” shaped by China’s rapid rise and changing consumer demands.
“Over the last 18 months, we’ve seen a fundamental shift in where and how cars are being built,” said Nothard. “China’s production surge has been nothing short of transformative.”
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