Niki Lauryn

Auto Industry Trends 2025. Automakers are preparing to phase out cars powered solely by internal combustion engines. This is largely due to the expansion of the electric vehicle (ev) market, which is forecast to increase by almost 16%.

While origination volumes are expected to be relatively flat to prior year at 7.2 million new cards in 2025, average balance per consumer is expected to grow to $3,320 in. Looking into 2024, automakers and their suppliers brace economic headwinds while driving a technology transition.