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

Continuous financial headwinds indicate no news might be great news
relating to automobile 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 continual enhancement from the May
through September duration but will show a decrease from Octobers.
14.9 million-unit pace, according to S&P Global Mobility.
analysis.The everyday selling rate metric in November (roughly 44-45K.
daily) would be in-line with levels given that September. Translation:.
From a non-seasonally adjusted volume standpoint, auto sales.
continue to plug along at a constant speed.” Sales ought to continue to improve, given the expected sustained,.
Mild, improvement in total production and inventory levels,”.
said Chris Hopson, principal analyst at S&P Global Mobility.
” However, we also continue to keep an eye on for signals of.
faster-than-expected development in inventory. Currently, there are no.
clear signs; stocks have advanced as expected. Any.
indicator of faster than predicted development in the overall stock of.
brand-new cars could suggest that automobile customers are feeling the.
pressure of the present economic headwinds and pulling away from the.
market.” As an outcome, Octobers SAAR increase is likely to be an abnormality.
compared to the remainder of the year, Hopson stated, including that.
there are expectations of volatility in the regular monthly results.
beginning in early 2023. Market share of battery-electric lorries is expected to reach.
5.9% in November. However, 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 coastal states and.
represent 50.5% of total EV registrations so far in 2022 (through.
August). The greater Los Angeles and San Francisco metropolitan.
locations alone account for nearly one-third of overall share of the United States.
EV market. Meanwhile the Heartland states market share of EV sales.
is hardly half of what they add to overall car.
registrations.” BEV market share control on the 2 coasts is attributed 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 potential for EV approval in top heartland.
markets: “More acceptance and much broader 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 unique report.) Supporting the EV improvement, item exposes 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 finest emphasize what people will be driving in coming years,.
the exposes throughout the Los Angeles Auto Show show the continuing.
push towards electrical and energized vehicles.” Of note, Fiat revealed it will bring a variation of the European.
500 EV to the U.S. beginning in early 2024, restoring the 500e.
nameplate. Toyotas expose of the 2023 Prius hybrid included a.
Prime cut that will double the hatchbacks EV-only range, while.
the automaker likewise showed a making of the bZ (” Beyond Zero”).
electric-vehicle concept, previewing an upcoming compact SUV.
Vietnamese entrant VinFast revealed U.S.-trim versions of.
2 EV crossover additions to its lineup – bringing its capacity.
US offerings to 4.