AutomotiveIndustryIndustryInsightsSUMMER2025LearnmoreIndustryHighlightsOverviewGlobally,2024markedayearofslowgrowthfortheautomotiveindustry,asvolumesonlygrew1.7%to88.1millionunits.2025isexpectedtobeanotheryearofsluggishgrowth,withonlya1.6%forecastedincreaseinsalesvolumes.Salesareexpectedtobenegativelyimpactedbyweakercustomerdemand,mixedeconomicconditionsandpoliticalriskmarkedbyanuncertaintariffenvironment.1In2024,U.S.autosalesgrew1.9%yearoveryear(YoY),withstrongsalesinthelastthreemonthsoftheyear.2For2025,salesareforecasttodropto15.4millionunitsasdemandsoftensandtariffimpactsincreasethecostofvehicles.3Electricvehicles(EVs)continuetogainmarketshareintheU.S....