Continuous financial headwinds indicate no news could be good news
regarding car need levelsWith volume for the month predicted at 1.122 million systems,
November U.S. vehicle sales are approximated to translate to an estimated
sales speed of 14.1 million units (seasonally changed annual rate:
SAAR). This would represent a continual improvement from the May
through September duration but will reflect a decrease from Octobers.
14.9 million-unit pace, according to S&P Global Mobility.
analysis.The daily selling rate metric in November (roughly 44-45K.
each day) would be in-line with levels because September. Translation:.
From a non-seasonally adjusted volume standpoint, car sales.
continue to plug along at a constant speed.” Sales need to continue to enhance, offered the anticipated sustained,.
Moderate, improvement in total production and stock levels,”.
stated Chris Hopson, primary expert 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. But any.
sign of faster than predicted growth in the total stock of.
new cars might imply that auto customers are feeling the.
pressure of the present economic headwinds and pulling back from the.
market.” As a result, Octobers SAAR increase is likely to be an abnormality.
compared to the remainder of the year, Hopson said, including that.
there are expectations of volatility in the monthly results.
starting in early 2023. Market share of battery-electric lorries is expected to reach.
5.9% in November. Nevertheless, beyond 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 total EV registrations up until now in 2022 (through.
August). The higher Los Angeles and San Francisco urban.
locations alone account for almost one-third of total share of the United States.
EV market. The Heartland states market share of EV sales.
is barely half of what they contribute to total automobile.
registrations.” BEV market share control on the 2 coasts is credited 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.
market profile is more in sync with the standard BEV buyer.
than the middle-American profile.” But Libby sees possible for EV approval in top heartland.
markets: “More acceptance and much more comprehensive customer awareness is.
leading to a natural development 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 improvement, product exposes surrounding the.
Los Angeles Auto Show last week continue to reflect the OEM.
focus.According to Stephanie Brinley, associate director of.
AutoIntelligence at S&P Global Mobility, “As vehicle programs at.
their finest emphasize what individuals will be driving in coming years,.
the reveals during the Los Angeles Auto Show reflect the continuing.
push toward electric and electrified vehicles.” Of note, Fiat announced it will bring a version of the European.
500 EV to the U.S. starting in early 2024, reviving the 500e.
nameplate. Toyotas reveal of the 2023 Prius hybrid consisted of a.
Prime cut that will double the hatchbacks EV-only variety, while.
the car manufacturer likewise revealed a rendering of the bZ (” Beyond Zero”).
electric-vehicle principle, previewing a forthcoming compact SUV.
Vietnamese entrant VinFast revealed U.S.-trim variations of.
two EV crossover additions to its lineup – bringing its capacity.
US offerings to 4.

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