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AW Rev counter Q1-2025: only Suzuki escapes downturn

Average Ebit margins fell for 13 carmakers during Q1 2025, with Suzuki alone blissfully immune to tariff tensions. By Jonathan Storey

1 - Average change in group revenue, 16 OEMs, Q1-25 -v- Q1-24 2 - Average change in Ebit margin, 14 OEMs, Q1-25 -v- Q1-24 3 - Average change in sales volumes, 16 OEMs, Q1-25 -v- Q1-24. N.B. the volume figures for some OEMs include sales by non-consolidated ventures, particularly in China. So changes in volume are not fully comparable to changes in consolidated revenue. 'Q1' refers to fiscal Q4 for Japanese producers

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