Ongoing financial headwinds mean no news could be excellent news
concerning vehicle demand levelsWith volume for the month predicted at 1.122 million units,
November U.S. automobile sales are approximated to translate to an estimated
sales pace of 14.1 million units (seasonally adjusted yearly rate:
SAAR). This would represent a continual improvement from the May
through September period however will reflect a decline from Octobers.
14.9 million-unit speed, according to S&P Global Mobility.
analysis.The everyday selling rate metric in November (around 44-45K.
daily) would be in-line with levels since September. Translation:.
From a non-seasonally adjusted volume viewpoint, vehicle sales.
continue to plug along at a steady rate.” Sales should continue to enhance, given the expected continual,.
but mild, advancement in general production and inventory levels,”.
said Chris Hopson, principal analyst at S&P Global Mobility.
” However, we also continue to keep track of for signals of.
faster-than-expected development in stock. Presently, there are no.
clear signs; inventories have advanced as prepared for. Any.
indication of faster than projected growth in the general stock of.
brand-new vehicles might mean that car consumers are feeling the.
pressure of the current economic headwinds and pulling back from the.
market.” As a result, Octobers SAAR increase is most likely to be an anomaly.
compared to the remainder of the year, Hopson stated, adding that.
there are expectations of volatility in the month-to-month results.
beginning in early 2023. Market share of battery-electric lorries is anticipated to reach.
5.9% in November. Outside of the big seaside cities,.
retail registrations of EVs have yet to take hold, according to.
analysis from S&P Global Mobility.The top-eight EV markets in the United States are all in seaside states and.
represent 50.5% of overall EV registrations so far in 2022 (through.
August). The higher Los Angeles and San Francisco city.
areas alone represent nearly one-third of total share of the US.
EV market. On the other hand the Heartland states market share of EV sales.
is barely half of what they contribute to total vehicle.
registrations.” BEV market share control on the 2 coasts is credited to.
their higher mix of early adopters compared to buyers in middle.
America,” said Tom Libby, associate director of Loyalty Solutions.
and Industry Analysis at S&P Global Mobility. “Their.
demographic profile is more in sync with the traditional BEV buyer.
than the middle-American profile.” But Libby sees possible for EV acceptance in leading heartland.
markets: “More acceptance and much more comprehensive consumer awareness is.
resulting in a natural progression of adoption from the coasts to.
the Heartland.” (For more on this analysis of EVs in the Heartland,.
please see.
this unique report.) Supporting the EV development, item reveals surrounding the.
Los Angeles Auto Show recently continue to reflect the OEM.
focus.According to Stephanie Brinley, associate director of.
AutoIntelligence at S&P Global Mobility, “As vehicle shows at.
their best highlight what people will be driving in coming years,.
the reveals during the Los Angeles Auto Show show the continuing.
push towards electrical and electrified vehicles.” Of note, Fiat revealed it will bring a variation of the European.
500 EV to the U.S. beginning in early 2024, reviving the 500e.
nameplate. Toyotas expose of the 2023 Prius hybrid included a.
Prime trim that will double the hatchbacks EV-only variety, while.
the car manufacturer also showed a making of the bZ (” Beyond Zero”).
electric-vehicle concept, previewing a forthcoming compact SUV.
Meanwhile, Vietnamese entrant VinFast showed U.S.-trim variations of.
2 EV crossover additions to its lineup – bringing its capacity.
United States offerings to 4.

This short article was published by S&P Global Mobility and not by S&P Global Ratings, which is an individually managed division of S&P Global.