Continuous economic headwinds imply no news might be great news
regarding vehicle demand levelsWith volume for the month predicted at 1.122 million units,
November U.S. automobile sales are approximated to translate to an estimated
sales rate of 14.1 million systems (seasonally changed annual rate:
SAAR). This would represent a sustained improvement from the May
through September period however will show a decline from Octobers.
14.9 million-unit rate, 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 since September. Translation:.
From a non-seasonally adjusted volume standpoint, vehicle sales.
continue to plug along at a steady rate.” Sales need to continue to enhance, offered the anticipated continual,.
however mild, advancement in general production and stock levels,”.
said Chris Hopson, primary analyst at S&P Global Mobility.
” However, we also continue to monitor for signals of.
faster-than-expected development in stock. Currently, there are no.
clear signs; inventories have actually advanced as anticipated. Any.
indication of faster than forecasted development in the general stock of.
new vehicles could imply that automobile customers are feeling the.
pressure of the current economic headwinds and retreating from the.
market.” As an outcome, Octobers SAAR increase is likely to be an anomaly.
compared to the rest 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 automobiles is anticipated to reach.
5.9% in November. However, beyond the large 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 overall EV registrations so far in 2022 (through.
August). The higher Los Angeles and San Francisco urbane.
areas alone account for almost one-third of total share of the US.
EV market. On the other hand the Heartland states market share of EV sales.
is hardly half of what they contribute to general lorry.
registrations.” BEV market share control on the 2 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.
group profile is more in sync with the standard BEV purchaser.
than the middle-American profile.” But Libby sees prospective for EV approval in leading heartland.
markets: “More acceptance and much broader consumer 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 unique report.) Supporting the EV development, item reveals surrounding the.
Los Angeles Auto Show recently continue to reflect the OEM.
focus.According to Stephanie Brinley, associate director of.
AutoIntelligence at S&P Global Mobility, “As vehicle programs at.
their best highlight what individuals will be driving in coming years,.
the exposes during the Los Angeles Auto Show reflect the continuing.
push toward electrical and energized cars.” 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 expose of the 2023 Prius hybrid included a.
Prime cut that will double the hatchbacks EV-only range, while.
the car manufacturer likewise revealed a rendering of the bZ (” Beyond Zero”).
electric-vehicle principle, previewing a forthcoming compact SUV.
Vietnamese entrant VinFast showed U.S.-trim variations of.
two EV crossover additions to its lineup – bringing its potential.
US offerings to four.

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.