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Western automotive stagnates as the South opens up

Data compiled by ING suggests that Europe and the US will stagnate in 2025, missing out on growth achieved in China and South America. By Will Girling

Research published on 2 September 2025 by ING forecasts that global passenger vehicle sales will reach 90 million by year’s end, up just 1.5% from 2024. Though this is flat compared to the 10% increase seen between 2022 and 2023, and remains well below pre-pandemic levels, the company highlights that geopolitical volatility hasn’t yet dealt a lethal blow.

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