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

Continuous financial headwinds mean no news might be great news
concerning vehicle demand levelsWith volume for the month predicted at 1.122 million systems,
November U.S. automobile sales are estimated to translate to an approximated
sales speed of 14.1 million units (seasonally adjusted yearly rate:
SAAR). This would represent a continual 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 (around 44-45K.
daily) would be in-line with levels because September. Translation:.
From a non-seasonally adjusted volume viewpoint, automobile sales.
continue to plug along at a steady pace.” Sales must continue to improve, provided the expected sustained,.
Moderate, advancement in total production and stock levels,”.
said Chris Hopson, primary expert at S&P Global Mobility.
” However, we also continue to keep an eye on for signals of.
faster-than-expected growth in inventory. Currently, there are no.
clear indications; inventories have actually advanced as anticipated. Any.
indication of faster than forecasted development in the total stock of.
brand-new lorries might mean that car customers are feeling the.
pressure of the present financial headwinds and retreating from the.
market.” As an outcome, Octobers SAAR increase is likely to be an anomaly.
compared to the remainder of the year, Hopson said, adding that.
there are expectations of volatility in the monthly results.
beginning in early 2023. Market share of battery-electric lorries is anticipated to reach.
5.9% in November. However, outside of 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 US are all in seaside states and.
represent 50.5% of total EV registrations so far in 2022 (through.
August). The higher Los Angeles and San Francisco metropolitan.
locations alone account for nearly one-third of total share of the United States.
EV market. The Heartland states market share of EV sales.
is hardly half of what they add to total car.
registrations.” BEV market share control on the 2 coasts is credited to.
their greater 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.
market profile is more in sync with the conventional BEV purchaser.
than the middle-American profile.” But Libby sees potential for EV acceptance in leading heartland.
markets: “More acceptance and much wider consumer awareness is.
resulting in 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 development, item 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 shows at.
their best highlight what people will be driving in coming years,.
the exposes throughout the Los Angeles Auto Show reflect the continuing.
push towards electric and energized vehicles.” Of note, Fiat revealed it will bring a version of the European.
500 EV to the U.S. starting in early 2024, restoring the 500e.
nameplate. Toyotas reveal of the 2023 Prius hybrid consisted of a.
Prime cut that will double the hatchbacks EV-only variety, while.
the automaker likewise revealed a rendering of the bZ (” Beyond Zero”).
electric-vehicle concept, previewing an upcoming compact SUV.
Meanwhile, Vietnamese entrant VinFast revealed U.S.-trim variations of.
2 EV crossover additions to its lineup – bringing its capacity.
United States offerings to four.