This post was released by S&P Global Mobility and not by S&P Global Ratings, which is an individually managed division of S&P Global.

Continuous financial headwinds mean no news might be excellent news
concerning car demand levelsWith volume for the month predicted at 1.122 million systems,
November U.S. car sales are approximated to translate to an estimated
sales speed of 14.1 million systems (seasonally changed yearly rate:
SAAR). This would represent a continual improvement from the May
through September period but will reflect a decline from Octobers.
14.9 million-unit speed, according to S&P Global Mobility.
analysis.The day-to-day selling rate metric in November (roughly 44-45K.
daily) would be in-line with levels considering that September. Translation:.
From a non-seasonally adjusted volume viewpoint, vehicle sales.
continue to plug along at a consistent pace.” Sales need to continue to improve, provided the anticipated continual,.
Mild, advancement in overall production and stock levels,”.
said Chris Hopson, principal analyst at S&P Global Mobility.
” However, we also continue to keep track of for signals of.
faster-than-expected growth in inventory. Currently, there are no.
clear indications; inventories have actually advanced as anticipated. Any.
sign of faster than forecasted development in the overall stock of.
brand-new automobiles might imply that vehicle customers are feeling the.
pressure of the present financial headwinds and retreating from the.
market.” As a result, 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 results.
starting in early 2023. Market share of battery-electric automobiles is anticipated to reach.
5.9% in November. Nevertheless, beyond 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 overall EV registrations so far in 2022 (through.
August). The higher Los Angeles and San Francisco city.
areas alone represent nearly 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 vehicle.
registrations.” BEV market share control on the two coasts is attributed 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 conventional BEV buyer.
than the middle-American profile.” But Libby sees possible for EV acceptance in leading heartland.
markets: “More acceptance and much wider customer 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 last week 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 highlight what individuals will be driving in coming years,.
the exposes throughout the Los Angeles Auto Show reflect the continuing.
push toward electric and energized automobiles.” Of note, Fiat announced it will bring a version 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 cut that will double the hatchbacks EV-only variety, while.
the car manufacturer also showed a making of the bZ (” Beyond Zero”).
electric-vehicle concept, previewing a forthcoming compact SUV.
Vietnamese entrant VinFast revealed U.S.-trim variations of.
two EV crossover additions to its lineup – bringing its potential.
United States offerings to 4.