This post was released by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.

Ongoing economic headwinds mean no news might be excellent news
regarding vehicle demand levelsWith volume for the month predicted at 1.122 million systems,
November U.S. automobile sales are approximated to translate to an approximated
sales pace of 14.1 million systems (seasonally changed yearly rate:
SAAR). This would represent a sustained improvement from the May
through September duration however will reflect a decrease from Octobers.
14.9 million-unit speed, according to S&P Global Mobility.
analysis.The everyday selling rate metric in November (approximately 44-45K.
daily) would be in-line with levels considering that September. Translation:.
From a non-seasonally adjusted volume perspective, auto sales.
continue to plug along at a stable speed.” Sales ought to continue to improve, offered the expected continual,.
however moderate, development in total production and stock levels,”.
stated Chris Hopson, principal expert at S&P Global Mobility.
” However, we also continue to keep an eye on for signals of.
faster-than-expected growth in stock. Currently, there are no.
clear signs; inventories have advanced as anticipated. However any.
indicator of faster than projected growth in the general stock of.
brand-new automobiles could suggest that vehicle consumers are feeling the.
pressure of the present financial headwinds and pulling back from the.
market.” As a result, Octobers SAAR increase is likely to be an anomaly.
compared to the remainder of the year, Hopson stated, including that.
there are expectations of volatility in the regular monthly outcomes.
starting in early 2023. Market share of battery-electric lorries is anticipated to reach.
5.9% in November. Nevertheless, beyond the big coastal 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 US are all in coastal states and.
represent 50.5% of overall EV registrations so far in 2022 (through.
August). The greater Los Angeles and San Francisco urbane.
areas alone represent nearly one-third of overall share of the US.
EV market. Meanwhile the Heartland states market share of EV sales.
is hardly half of what they add to total vehicle.
registrations.” BEV market share control on the two coasts is associated to.
their greater 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.
group profile is more in sync with the traditional BEV purchaser.
than the middle-American profile.” But Libby sees prospective for EV approval in top heartland.
markets: “More acceptance and much more comprehensive customer 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 special report.) Supporting the EV advancement, item reveals surrounding the.
Los Angeles Auto Show recently continue to show the OEM.
focus.According to Stephanie Brinley, associate director of.
AutoIntelligence at S&P Global Mobility, “As car programs at.
their finest highlight what people will be driving in coming years,.
the exposes during the Los Angeles Auto Show show the continuing.
push towards electrical and electrified lorries.” Of note, Fiat revealed it will bring a version of the European.
500 EV to the U.S. starting in early 2024, restoring the 500e.
nameplate. Toyotas reveal of the 2023 Prius hybrid consisted of a.
Prime trim that will double the hatchbacks EV-only variety, while.
the car manufacturer also revealed a rendering of the bZ (” Beyond Zero”).
electric-vehicle concept, previewing an upcoming compact SUV.
Meanwhile, Vietnamese entrant VinFast revealed U.S.-trim versions of.
two EV crossover additions to its lineup – bringing its potential.
US offerings to 4.