This post was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.

Continuous financial headwinds mean no news could be good news
regarding vehicle demand levelsWith volume for the month projected at 1.122 million systems,
November U.S. automobile sales are approximated to translate to an estimated
sales rate of 14.1 million systems (seasonally adjusted annual rate:
SAAR). This would represent a continual enhancement 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 day-to-day selling rate metric in November (approximately 44-45K.
daily) would be in-line with levels considering that September. Translation:.
From a non-seasonally adjusted volume viewpoint, auto sales.
continue to plug along at a stable pace.” Sales should continue to enhance, given the anticipated continual,.
Mild, improvement in general production and inventory levels,”.
said Chris Hopson, principal expert at S&P Global Mobility.
” However, we likewise continue to monitor for signals of.
faster-than-expected growth in inventory. Currently, there are no.
clear indications; stocks have advanced as expected. Any.
indication of faster than forecasted growth in the overall stock of.
brand-new automobiles could mean that auto consumers are feeling the.
pressure of the present financial headwinds and pulling away from the.
market.” As a result, Octobers SAAR boost is most likely to be an anomaly.
compared to the remainder of the year, Hopson stated, adding 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. Outside of 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 total EV registrations up until now in 2022 (through.
August). The greater Los Angeles and San Francisco cosmopolitan.
locations alone account for almost one-third of total share of the United States.
EV market. The Heartland states market share of EV sales.
is barely half of what they add to overall lorry.
registrations.” BEV market share control on the 2 coasts is credited to.
their higher mix of early adopters compared to purchasers 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 conventional BEV purchaser.
than the middle-American profile.” But Libby sees possible for EV acceptance in top heartland.
markets: “More acceptance and much wider 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 special report.) Supporting the EV advancement, product 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 auto shows at.
their finest highlight what people will be driving in coming years,.
the exposes throughout the Los Angeles Auto Show show the continuing.
push towards electrical and energized lorries.” Of note, Fiat announced it will bring a variation of the European.
500 EV to the U.S. starting in early 2024, reviving the 500e.
nameplate. Toyotas expose of the 2023 Prius hybrid consisted of a.
Prime cut that will double the hatchbacks EV-only range, while.
the car manufacturer also revealed a rendering of the bZ (” Beyond Zero”).
electric-vehicle principle, previewing a forthcoming compact SUV.
Meanwhile, Vietnamese entrant VinFast showed U.S.-trim variations of.
2 EV crossover additions to its lineup – bringing its potential.
United States offerings to 4.