Demand in the leading light vehicle (LV) markets rose by 2.9% in July 2025, the sixth successive monthly increase, but the weakest rise of those six months. The year-to-date increase was 4.4%. China accounted for 32% of the year-to-date (YTD) demand and 67% of the net YTD increase. Excluding China, the YTD increase was 2.1%. The Chinese market has been boosted by government subsidies for electric vehicles (EVs) and fierce price competition.
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