{"id":43205,"date":"2025-09-15T09:00:00","date_gmt":"2025-09-15T07:00:00","guid":{"rendered":"https:\/\/personal-finance.bnpparibas\/the-mobility-consumption-minute-of-september-2025\/"},"modified":"2026-08-24T12:12:15","modified_gmt":"2026-08-24T10:12:15","slug":"mobility-consumption-minute-september-2025-car-market-uncertainty","status":"publish","type":"post","link":"https:\/\/personal-finance.bnpparibas\/en\/mobility-consumption-minute-september-2025-car-market-uncertainty\/","title":{"rendered":"September 2025 Mobility &amp; Consumption Minute: global car sales rise while uncertainty takes hold"},"content":{"rendered":"<div class=\"container\">\n<div class=\"wp-block-group has-green-dark-background-color has-background is-layout-constrained wp-container-core-group-is-layout-e3964afe wp-block-group-is-layout-constrained\" style=\"border-top-left-radius:28px;border-top-right-radius:28px;border-bottom-left-radius:28px;border-bottom-right-radius:28px;padding-top:var(--wp--preset--spacing--60);padding-right:var(--wp--preset--spacing--60);padding-bottom:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--60)\">\n<p class=\"has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"color:#ffffff\">Every month, the&nbsp;<strong>Mobility Minute<\/strong>&nbsp;and the&nbsp;<strong>Consumption Minute<\/strong>&nbsp;explore two major trends transforming consumer behaviour in France and across Europe.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"color:#ffffff\">Presented by Flavien Neuvy, economist and Director of the Cetelem Observatory, these two analyses provide a one-minute overview of the developments shaping the mobility and consumer markets.<\/p>\n<\/div>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In September 2025, two complementary trends stand out:<\/p>\n<\/div>\n\n<div class=\"container\">\n<ul class=\"wp-block-list\"><div class=\"container\">\n<li class=\"has-green-dark-color has-text-color has-link-color wp-elements-3\"><strong>The global automotive market is expected to grow by&nbsp;1.5%, driven largely by Asia<\/strong><\/li>\n<\/div>\n\n<div class=\"container\">\n<li class=\"has-red-color has-text-color has-link-color wp-elements-4\"><strong>Uncertainty has become one of the defining features of the new economic season, directly influencing purchasing decisions<\/strong><\/li>\n<\/div><\/ul>\n<\/div>\n\n<div class=\"container\">\n<div style=\"height:29px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n\n<div class=\"container\">\n<h2 class=\"wp-block-heading\"><strong>Mobility Minute: a global car market approaching 90 million vehicles<\/strong><\/h2>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Global car sales are expected to increase by&nbsp;<strong>1.5% in 2025<\/strong>, bringing the market close to&nbsp;<strong>90 million vehicles<\/strong>.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">But the global average conceals sharply different regional trajectories.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Asia is driving growth, Europe is stagnating, and the United States is expected to contract.<\/p>\n<\/div>\n\n<div class=\"container\">\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"iframe-wrapper\"><iframe title=\"Vid\u00e9o Youtube - Mobility Minute #9 | A world tour of the automotive market ?\ufe0f\" src=\"https:\/\/www.youtube.com\/embed\/JRr3zgqGAKE?feature=oembed\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n<\/div>\n\n<div class=\"container\">\n<div style=\"height:29px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n\n<div class=\"container\">\n<h3 class=\"wp-block-heading\"><strong>What you need to know<\/strong><\/h3>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">\u2013 close to&nbsp;<strong>90 million vehicles<\/strong>&nbsp;expected to be sold worldwide, up 1.5%;<br>\u2013&nbsp;<strong>United States:<\/strong>&nbsp;around 15.5 million vehicles, down 2.5%, with the market affected by tariffs;<br>\u2013&nbsp;<strong>Europe:<\/strong>&nbsp;11.3 million vehicles, broadly stable but still well below pre-pandemic levels;<br>\u2013&nbsp;<strong>China:<\/strong>&nbsp;27 million vehicles expected, up 4.5%, and the world\u2019s largest automotive market since 2009;<br>\u2013&nbsp;<strong>Japan:<\/strong>&nbsp;growth of more than 4%;<br>\u2013&nbsp;<strong>India:<\/strong>&nbsp;expected to pass the symbolic threshold of 5 million vehicles for the first time, up 3%.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">To understand what this shift towards Asia means for the European automotive industry:<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">?\u00a0<strong><a href=\"https:\/\/observatoirecetelem.com\/en\/mobility-minute\/global-automotive-market-2025-asia-growth\" target=\"_blank\" rel=\"noreferrer noopener\">Discover the full analysis on the Cetelem Observatory<\/a><\/strong><\/p>\n<\/div>\n\n<div class=\"container\">\n<h3 class=\"wp-block-heading\">Find out about the latest Auto 2025 study by l&#8217;Observatoire Cetelem<\/h3>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In 2011, l&#8217;Observatoire Cetelem de l&#8217;Automobile took an interest in the under-30s, then called the &#8220;Generation Y&#8221;.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Nearly 15 years later, it looks at Generation Z, who succeeded them, in a new study that evaluates their relationship with the automobile in a context of market downturn, slowing inflation and debates on the transition to electric.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Carried out in 14 countries, among 16,000 people, the study by l&#8217;Observatoire de l&#8217;Auto 2025 is rich in lessons.<\/p>\n<\/div>\n\n<div class=\"container\">\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n\n\n<div class=\"container\">\n\n    <div class=\"my-3 text-center\">\n\n        <a id=\"block_46da1fcca41b435159a035f333892117\" href=\"https:\/\/observatoirecetelem.com\/en\/automobile-en\/observatoire-auto-2025\" target=\"_blank\"  class=\"btn btn-border\">\n            Find out about the latest Auto 2025 study\n                    <\/a>\n\n    <\/div>\n\n<\/div>\n\n<div class=\"container\">\n<h2 class=\"wp-block-heading\"><strong>Consumption Minute: uncertainty defines the start of the 2025 season<\/strong><\/h2>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Political uncertainty and budget uncertainty are combining to shape the economic environment.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Economic research consistently shows that uncertainty encourages&nbsp;<strong>wait-and-see behaviour<\/strong>.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In practical terms, households postpone major purchases and businesses delay projects.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">One reason consumers can afford to wait is that French households are already highly equipped with many durable goods.<\/p>\n<\/div>\n\n<div class=\"container\">\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"iframe-wrapper\"><iframe title=\"Vid\u00e9o Youtube - Consumption Minute #9 | September in a climate of uncertainty ?\" src=\"https:\/\/www.youtube.com\/embed\/Cy5jtjlhjaQ?feature=oembed\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n<\/div>\n\n<div class=\"container\">\n<h3 class=\"wp-block-heading\"><strong>What you need to know<\/strong><\/h3>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">\u2013 the start of the 2025 season is marked by both&nbsp;<strong>political and budget uncertainty<\/strong>;<br>\u2013 uncertainty encourages wait-and-see behaviour among economic actors;<br>\u2013 households and businesses apply a precautionary approach to purchases and investment;<br>\u2013 postponing purchases is made easier by already high levels of household ownership of durable goods;<br>\u2013 during previous economic shocks, both households and businesses demonstrated a strong capacity to adapt.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">To understand how uncertainty creates wait-and-see behaviour and what this means for consumer spending:<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">?\u00a0<strong><a href=\"https:\/\/observatoirecetelem.com\/en\/mobility-minute\/economic-uncertainty-households-postpone-purchases\" target=\"_blank\" rel=\"noreferrer noopener\">Discover the full analysis on the Cetelem Observatory<\/a><\/strong><\/p>\n<\/div>\n\n<div class=\"container\">\n<h3 class=\"wp-block-heading\">Find out about the latest Conso 2025 study by l&#8217;Observatoire Cetelem<\/h3>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In 2023, the Cetelem Consumer Observatory took an interest in the low-cost market and its extension. Today, we look at the evolution of consumption in France, which is very different from that of a few years ago. If you want to dig a little deeper into the subject, discover the complete European study by the Cetelem Observatory on consumption in 2025 <\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Find out about the latest Consumption study<\/p>\n<\/div>\n\n<div class=\"container\">\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n\n\n<div class=\"container\">\n\n    <div class=\"my-3 text-center\">\n\n        <a id=\"block_a741d80cafaf6707a7a39d25b0fc407c\" href=\"https:\/\/observatoirecetelem.com\/en\/consumption-in-europe-the-quest-for-enjoyment-holds-firm\" target=\"_blank\"  class=\"btn btn-border\">\n            Find out about the latest Consumption study\n                    <\/a>\n\n    <\/div>\n\n<\/div>\n\n<div class=\"container\">\n<h3 class=\"wp-block-heading\"><strong>Two scales, one underlying mechanism<\/strong><\/h3>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">The global automotive market is growing, yet Europe remains broadly stagnant.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">At the same time, French households are postponing major purchases.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">These two developments are closely connected.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">The wait-and-see behaviour highlighted in the Consumption Minute helps explain the weakness of the European automotive market:&nbsp;<strong>when uncertainty rises, replacing a car is one of the easiest major purchases to postpone.<\/strong><\/p>\n<\/div>\n\n<div class=\"container\">\n<div class=\"wp-block-group has-background is-layout-constrained wp-container-core-group-is-layout-e3964afe wp-block-group-is-layout-constrained\" style=\"border-top-left-radius:28px;border-top-right-radius:28px;border-bottom-left-radius:28px;border-bottom-right-radius:28px;background-color:#dcdcdc;padding-top:var(--wp--preset--spacing--60);padding-right:var(--wp--preset--spacing--60);padding-bottom:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--60)\">\n<h3 class=\"wp-block-heading\"><strong><strong>FAQ &#8211; September 2025 Mobility &amp; Consumption Minute<\/strong><\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><strong><strong>How many vehicles are expected to be sold worldwide in 2025?<\/strong><br><\/strong><\/strong>Close to 90 million vehicles, representing growth of around 1.5% compared with 2024.<\/li>\n\n\n\n<li><strong><strong><strong>What is the world\u2019s largest car market?<\/strong><br><\/strong><\/strong>China has been the world\u2019s largest automotive market since 2009 and is expected to reach around 27 million vehicle sales in 2025, up 4.5%.<\/li>\n\n\n\n<li><strong>How is the European car market performing in 2025?<\/strong><br>The European market is expected to remain broadly stable at around 11.3 million vehicles, with significant differences between countries, and remains well below its pre-pandemic level.<\/li>\n\n\n\n<li><strong><strong><strong>Is India reaching a new milestone in 2025?<\/strong><br><\/strong><\/strong>Yes. India is expected to exceed five million vehicle sales for the first time, representing growth of around 3%.<\/li>\n\n\n\n<li><strong><strong><strong>How does uncertainty affect the economy?<\/strong><br><\/strong><\/strong>Uncertainty encourages households and businesses to adopt a precautionary approach, postponing purchases, investment and other major projects.<\/li>\n\n\n\n<li><strong>Why can French households postpone major purchases?<\/strong><br>Because ownership levels for many durable goods are already high. Replacing a car, a sofa or another major household item can therefore often be delayed without creating an immediate need.<\/li>\n\n\n\n<li><strong><strong>Where can the full analyses be found?<\/strong><br><\/strong>Both analyses are available on the Cetelem Observatory website, respectively in its Automotive and Consumption sections.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Every month, the&nbsp;Mobility Minute&nbsp;and the&nbsp;Consumption Minute&nbsp;explore two major trends transforming consumer behaviour in France and across Europe. Presented by Flavien Neuvy, economist and Director of the Cetelem Observatory, these two analyses provide a one-minute overview of the developments shaping the mobility and consumer markets. In September 2025, two complementary trends stand out: Mobility Minute: a [&hellip;]<\/p>\n","protected":false},"author":1945,"featured_media":46573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[372,457],"tags":[],"class_list":["post-43205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobilite-en","category-consumption"],"acf":[],"_links":{"self":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts\/43205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/users\/1945"}],"replies":[{"embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/comments?post=43205"}],"version-history":[{"count":5,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts\/43205\/revisions"}],"predecessor-version":[{"id":46728,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts\/43205\/revisions\/46728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/media\/46573"}],"wp:attachment":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/media?parent=43205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/categories?post=43205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/tags?post=43205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}