This post was published by S&P Global Mobility and not by S&P Global Ratings, which is an independently handled department of S&P Global.

Continuous financial headwinds suggest no news might be good news
regarding vehicle need levelsWith volume for the month forecasted at 1.122 million systems,
November U.S. vehicle sales are estimated to translate to an approximated
sales pace of 14.1 million units (seasonally adjusted annual rate:
SAAR). This would represent a sustained improvement from the May
through September period however will reflect a decline from Octobers.
14.9 million-unit rate, according to S&P Global Mobility.
analysis.The day-to-day selling rate metric in November (around 44-45K.
per day) would be in-line with levels because September. Translation:.
From a non-seasonally adjusted volume perspective, car sales.
continue to plug along at a steady pace.” Sales ought to continue to improve, given the expected continual,.
Moderate, advancement in total production and inventory levels,”.
stated Chris Hopson, principal analyst at S&P Global Mobility.
” However, we likewise 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 expected. Any.
indication of faster than projected growth in the general stock of.
new automobiles could suggest that automobile customers are feeling the.
pressure of the existing financial headwinds and pulling back from the.
market.” As an outcome, Octobers SAAR increase is most likely to be an anomaly.
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. 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 total EV registrations up until now in 2022 (through.
August). The greater Los Angeles and San Francisco city.
locations alone represent nearly one-third of overall share of the United States.
EV market. On the other hand the Heartland states market share of EV sales.
is hardly half of what they contribute to total car.
registrations.” BEV market share control on the two coasts is credited to.
their greater mix of early adopters compared to purchasers in middle.
America,” stated Tom Libby, associate director of Loyalty Solutions.
and Industry Analysis at S&P Global Mobility. “Their.
demographic profile is more in sync with the standard BEV buyer.
than the middle-American profile.” But Libby sees potential for EV approval in top heartland.
markets: “More approval and much wider consumer awareness is.
leading to 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, product 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 shows at.
their best emphasize what individuals will be driving in coming years,.
the exposes throughout the Los Angeles Auto Show show the continuing.
push towards electrical and electrified lorries.” 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 automaker also showed a making of the bZ (” Beyond Zero”).
electric-vehicle concept, previewing a forthcoming compact SUV.
Vietnamese entrant VinFast showed U.S.-trim variations of.
2 EV crossover additions to its lineup – bringing its potential.
United States offerings to four.