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

Ongoing financial headwinds imply no news could be great news
relating to automobile need levelsWith volume for the month projected at 1.122 million systems,
November U.S. vehicle sales are estimated to equate to an approximated
sales pace of 14.1 million units (seasonally changed annual rate:
SAAR). This would represent a sustained enhancement from the May
through September duration however will show a decrease from Octobers.
14.9 million-unit pace, according to S&P Global Mobility.
analysis.The daily selling rate metric in November (approximately 44-45K.
per day) would be in-line with levels since September. Translation:.
From a non-seasonally adjusted volume perspective, vehicle sales.
continue to plug along at a stable rate.” Sales should continue to enhance, offered the expected sustained,.
however moderate, improvement in total production and inventory levels,”.
said Chris Hopson, principal expert at S&P Global Mobility.
” However, we likewise continue to keep an eye on for signals of.
faster-than-expected development in stock. Presently, there are no.
clear indications; inventories have advanced as prepared for. Any.
indicator of faster than forecasted growth in the total stock of.
new automobiles might imply that vehicle consumers are feeling the.
pressure of the current financial headwinds and pulling back from the.
market.” As a result, Octobers SAAR boost is 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 outcomes.
beginning in early 2023. Market share of battery-electric cars is anticipated to reach.
5.9% in November. Outside of 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 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 city.
areas alone account for almost one-third of overall share of the US.
EV market. The Heartland states market share of EV sales.
is barely half of what they contribute to total car.
registrations.” BEV market share control on the two 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.
market profile is more in sync with the standard BEV purchaser.
than the middle-American profile.” But Libby sees possible for EV acceptance in leading heartland.
markets: “More acceptance and much broader 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 special 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 automobile shows at.
their best emphasize what individuals will be driving in coming years,.
the reveals during the Los Angeles Auto Show show the continuing.
push toward electric and energized lorries.” Of note, Fiat revealed 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 included a.
Prime cut that will double the hatchbacks EV-only range, while.
the car manufacturer also showed a making of the bZ (” Beyond Zero”).
electric-vehicle idea, previewing a forthcoming compact SUV.
Vietnamese entrant VinFast showed U.S.-trim variations of.
2 EV crossover additions to its lineup – bringing its capacity.
US offerings to four.