logo
Western European car market up in July 2025

Western European car market up in July 2025

Yahoo06-08-2025
In July 2025, the Western European PV market improved nearly 4% YoY as sales reached 950k units. However, the selling rate eased fractionally to 11.5 million units/year. Overall, 2025 continues to be a tough year for the market as YTD sales are marginally worse (-0.5% YoY) than 2024, now standing at just over 7 million units.
Across the five major markets in the region, sales remained mixed in July. Spain continued its strong run of growth as sales were up double digits YoY, while Germany also saw its best result since April 2024, a reversal from the negative trend seen throughout the year. Conversely, France, Italy, and the UK all saw declines; the drop in the French market being the most notable, having fallen on a YoY basis in every month of 2025.
Commentary
For July, the PV selling rate for Western Europe stood at 11.5 million units/year, slightly down on June. The market did improve in YoY terms by 4% with most markets experiencing some level of growth; however, three of the big five markets fell at least 5% YoY.
Of the big five markets, Spain and Germany saw solid growth in July. Spain recorded a third consecutive month of growth over 15% YoY as well as its eleventh consecutive month of overall growth, as the combination of the Reinicia Auto+ Plan, the rise in electrified vehicle registrations supported by government incentives from the MOVES Plan, and effective promotional efforts by brands, continue to boost sales. Spanish PV sales totalled 98k units. Sales in Germany were surprising as the market saw its second month of growth in 2025 and its best result since April 2024, as sales reached 265k units. Economic sentiment in Germany is improving due to the German government's diversion from austerity measures.
For the rest of the big five markets: France, Italy, and the UK, July painted a different picture. In France, the PV market recorded its seventh consecutive decline as sales fell to 116k units. Political uncertainty, especially around the country's fiscal deficit is having real effects on consumer and business confidence. Furthermore, recent regulatory changes implemented in February, including a reduction in BEV incentives and a stricter malus tax on carbon emissions, have also influenced consumer behaviour and market dynamics. In the UK, sales declined to 140k units due to a significant drop in demand from both private and fleet buyers. Finally, sales in Italy fell to 118k units primarily due to uncertainty surrounding the revision of CO2 regulations for light vehicles, which has left potential buyers hesitant to invest in new all-electric vehicles.
This article was first published on GlobalData's dedicated research platform, the .
"Western European car market up in July 2025 – GlobalData" was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Deere Cuts Outlook as 3Q Profit, Revenue Fall
Deere Cuts Outlook as 3Q Profit, Revenue Fall

Yahoo

time31 minutes ago

  • Yahoo

Deere Cuts Outlook as 3Q Profit, Revenue Fall

Deere lowered the high end of its full-year outlook as its profit and sales fell in its fiscal third quarter, hurt by weaker volumes amid what Chief Executive John May said are challenging times. The farm-equipment manufacturer has worked to manage inventories, both by matching production levels with retail demand and by continuing to address the high levels of used equipment in the industry, May said Thursday. Blue States Hunt for Ways to Wring More Taxes From the Wealthy Walmart's New Employee Perk Takes a Bite Out of Workers' Grocery Bills How One Big Private-Equity Fund Makes Its Numbers Incomprehensible No More Offshore. Startups Look to Spend and Hire in U.S. Due to Trump Tax Change. Amazon Launches Same-Day Fresh Grocery Delivery in 1,000 U.S. Cities At the same time, the Moline, Ill., company has been weighing production shifts and higher prices as it aims to offset the approximately $500 million in tariff costs it previously said it expects to incur this year. Deere said it benefited from higher prices for certain products in the recent quarter. However, the company also noted that unfavorable price realizations, or selling products at lower prices than were planned or budgeted for, dinged results. While both profit and revenue fell, each topped analyst expectations. Shares fell 6.1% to $482.40 in premarket trading. Through Wednesday's close, shares were up 46% in the past year. For its fiscal 2025, Deere now expects net income of $4.75 billion to $5.25 billion, compared with a prior outlook of $4.75 billion to $5.5 billion. The company backed its forecast for sales in its production and precision-agriculture business to fall 15% to 20% this year, and for sales in its construction-and-forestry unit to be down 10% to 15%. Small-agriculture and turf sales are now expected to decline about 10%, compared with a prior outlook for sales to slide 10% to 15%. For its three months ended July 27, the company posted a profit of $1.29 billion, compared with $1.73 billion a year earlier. Quarterly earnings of $4.75 a share came in ahead of the $4.58 a share that analysts polled by FactSet expected. Net sales, which exclude finance and interest income and other income, fell 9% to $10.36 billion but edged out the $10.35 billion that Wall Street modeled. Sales fell 16% to $4.27 billion in Deere's production and precision-agriculture business, hurt by lower shipment volumes and lower-than-expected prices. Construction-and-forestry sales slipped 5.4% to $3.06 billion, largely due to unfavorable price realizations, the company said. Small-agriculture and turf sales ebbed 0.9% to $3.03 billion, as lower volumes were partially offset by favorable currency translations and higher prices. Write to Connor Hart at U.S. Steel Explosion Presents Challenge to Nippon's Investment Plans Bullish's Stock Soars in Latest Test for IPO Market Chinese Imports Fell During Trump's First Term. It's Happening Again. Tesla Eyes New York City for Robotaxis With Test-Driver Job Posting OpenAI's Rocky GPT-5 Rollout Shows Struggle to Remain Undisputed AI Leader Sign in to access your portfolio

FordDirect partners with Podium for AI-powered dealer conversations with customers
FordDirect partners with Podium for AI-powered dealer conversations with customers

Yahoo

timean hour ago

  • Yahoo

FordDirect partners with Podium for AI-powered dealer conversations with customers

Podium, a specialist in AI-powered customer engagement tools, has announced its AI BDC solution is now officially in program with FordDirect, Ford's US business unit that supports its US dealers with data analytics and other marketing support. Podium's 'AI Employee' - known to many dealers as 'Jerry' – is now available to Ford dealers and Lincoln retailers in the US. This planned integration connects Podium's AI Employee directly with FordDirect's Customer Journey Platform (CJP), empowering dealerships to deliver faster, more consistent, human-like customer conversations that boost sales, service bookings, and lead conversions. "With dealerships navigating staffing shortages, rising competition, and growing consumer demand for immediate responses, it's critical to respond first, maximize every opportunity, and give employees the coverage they need to focus on closing on the floor. This partnership is about delivering an end-to-end communication platform that drives measurable results," said Eric Rea, Co-Founder and CEO at Podium Podium's AI BDC delivers on all fronts without, it says, sacrificing the human touch. It responds to every lead instantly and Pdium says it is trained on ten years of automotive industry data. Podium says the result for the dealership is 'more appointments, happier customers, and staff freed up to focus on other important parts of the job'. It says proven results from 1,800 dealers using Podium AI include: 80% increase in after-hours appointments 10% boost in appointment show rates 70% reduction in lead response times 30% improvement in lead-to-sale conversions "FordDirect is proud to expand our partnership with Podium to bring their AI-powered BDC solution into our nationwide network of Ford dealerships and Lincoln retailers," said Dean Stoneley, CEO FordDirect. "This partnership gives our dealers and retailers the ability to execute superior customer engagement, helping to deliver improved customer and dealer satisfaction." Ford and Lincoln dealers can learn more at: Podium says its AI-powered solutions help dealerships and service providers respond instantly to inbound leads, automate follow-ups, and streamline communication across text, webchat, and social platforms. FordDirect is a joint venture between Ford Motor Company and its franchised dealers with a mission of helping Ford and Lincoln dealerships sell more cars and trucks. Recommended listen: Car Dealership Guy podcast with Eric Rea of Podium: The Rise of the AI Employee in Car Dealerships "FordDirect partners with Podium for AI-powered dealer conversations with customers" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Santander advances AI-driven banking through OpenAI partnership
Santander advances AI-driven banking through OpenAI partnership

Yahoo

timean hour ago

  • Yahoo

Santander advances AI-driven banking through OpenAI partnership

Banco Santander is advancing its commitment to a data and AI-centric approach through collaboration with OpenAI, aiming to establish itself as an "AI-native" bank. This initiative is part to the bank's vision of modernising operations and leading the transition towards a more personalised, and agile banking experience. By integrating AI with its existing "digital bank with branches" model, Santander seeks to differentiate itself in the competitive banking landscape. Historically, Santander has employed AI in areas such as fraud detection and customer service, which now serve as the foundation for its new strategy. The bank plans to scale generative and agentic AI not just to optimise existing processes but to redefine the banking experience entirely. This strategy is built on three key pillars, including embedding AI across all business functions, placing AI at the heart of global platforms, and leveraging an AI ecosystem for growth through partnerships with OpenAI, Microsoft, Amazon, and a startup community. The results are already evident, with AI projects generating more than €200m in savings in 2024 alone, the lender said. AI copilots assist in more than 40% of contact centre interactions, while Speech Analytics processes around ten million voice calls annually in Spain. In just two months, Santander implemented ChatGPT Enterprise for nearly 15,000 employees across Europe and the Americas, with plans to expand this to 30,000 users by year-end, encompassing about 15% of its workforce. AI tools are designed to assist developers, marketers, bankers, and service agents in tackling complex tasks more efficiently. Initial applications include investment copilots offering real-time strategy suggestions and hyper-personalised customer journeys. Santander's architecture is modular and vendor-neutral, allowing seamless integration with OpenAI and other large language models. More than 6,000 developers are currently utilising AI tools, resulting in productivity increases of 20–30% for certain tasks. To democratise AI usage, Santander is implementing tailored training programmes across various roles, including learning capsules, workshops, and hands-on hackathons. Banco Santander chief data and AI officer Ricardo Martín Manjon said: 'In today's fast-moving financial landscape, competitive edge comes not just from adopting artificial intelligence, but from embedding it into the DNA of how we work. 'At Santander, this belief drives our strategy. As chief data & AI officer, I'm proud to share how we're reshaping banking through a 'data & AI-first' transformation, now supported by a new collaboration with OpenAI.' Looking ahead, Santander plans to introduce a mandatory AI training programme for all employees starting in 2026, focusing on "Responsible AI" to ensure ethical practices throughout the organisation. The roadmap for 2026–27 includes expanding agentic AI, transforming both front- and back-office operations, and enabling fully conversational banking. AI copilots are expected to evolve into decision-making partners, while virtual assistants will handle transactions for customers. "Santander advances AI-driven banking through OpenAI partnership" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store