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

Ongoing financial headwinds suggest no news could be good news
relating to automobile need levelsWith volume for the month projected at 1.122 million systems,
November U.S. vehicle sales are approximated to equate to an approximated
sales speed 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 daily selling rate metric in November (around 44-45K.
each day) would be in-line with levels considering that September. Translation:.
From a non-seasonally adjusted volume perspective, car sales.
continue to plug along at a stable pace.” Sales should continue to enhance, provided the anticipated sustained,.
however moderate, development in overall production and inventory levels,”.
said Chris Hopson, principal expert at S&P Global Mobility.
” However, we also continue to keep track of for signals of.
faster-than-expected growth in stock. Currently, there are no.
clear signs; inventories have actually advanced as prepared for. However any.
indication of faster than predicted development in the total stock of.
new automobiles might indicate that auto consumers are feeling the.
pressure of the current economic headwinds and pulling back from the.
market.” As a result, Octobers SAAR boost is likely to be an abnormality.
compared to the remainder of the year, Hopson said, including that.
there are expectations of volatility in the regular monthly results.
starting in early 2023. Market share of battery-electric lorries is expected to reach.
5.9% in November. Nevertheless, 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 coastal states and.
represent 50.5% of overall EV registrations so far in 2022 (through.
August). The greater Los Angeles and San Francisco metropolitan.
areas alone account for almost 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 contribute to total vehicle.
registrations.” BEV market share control on the two coasts is credited to.
their higher mix of early adopters compared to buyers in middle.
America,” stated Tom Libby, associate director of Loyalty Solutions.
and Industry Analysis at S&P Global Mobility. “Their.
market profile is more in sync with the traditional BEV buyer.
than the middle-American profile.” But Libby sees possible for EV approval in top heartland.
markets: “More approval and much broader 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 unique report.) Supporting the EV improvement, product exposes 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 emphasize what people will be driving in coming years,.
the exposes during the Los Angeles Auto Show reflect the continuing.
push towards electric and electrified lorries.” Of note, Fiat revealed it will bring a version of the European.
500 EV to the U.S. beginning in early 2024, reviving the 500e.
nameplate. Toyotas expose of the 2023 Prius hybrid consisted of a.
Prime trim that will double the hatchbacks EV-only variety, while.
the car manufacturer likewise showed a rendering of the bZ (” Beyond Zero”).
electric-vehicle concept, previewing an upcoming compact SUV.
On the other hand, Vietnamese entrant VinFast showed U.S.-trim versions of.
2 EV crossover additions to its lineup – bringing its capacity.
United States offerings to 4.