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

Ongoing financial headwinds mean no news might be excellent news
relating to automobile demand levelsWith volume for the month forecasted at 1.122 million systems,
November U.S. vehicle sales are estimated to translate to an estimated
sales speed of 14.1 million units (seasonally adjusted annual rate:
SAAR). This would represent a sustained enhancement from the May
through September duration but 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 (around 44-45K.
each day) would be in-line with levels considering that September. Translation:.
From a non-seasonally adjusted volume standpoint, vehicle sales.
continue to plug along at a constant rate.” Sales ought to continue to enhance, provided the expected continual,.
but mild, improvement in overall production and stock levels,”.
stated Chris Hopson, principal analyst at S&P Global Mobility.
” However, we also continue to keep an eye on for signals of.
faster-than-expected growth in stock. Currently, there are no.
clear signs; stocks have actually advanced as anticipated. But any.
indicator of faster than predicted growth in the overall stock of.
brand-new automobiles could mean that car customers are feeling the.
pressure of the current economic headwinds and retreating from the.
market.” As a result, Octobers SAAR boost is most likely to be an anomaly.
compared to the remainder of the year, Hopson said, adding that.
there are expectations of volatility in the regular monthly results.
starting in early 2023. Market share of battery-electric vehicles is expected to reach.
5.9% in November. 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 up until now in 2022 (through.
August). The higher Los Angeles and San Francisco cosmopolitan.
locations alone represent nearly one-third of overall share of the United States.
EV market. The Heartland states market share of EV sales.
is hardly half of what they add to total vehicle.
registrations.” BEV market share control on the 2 coasts is credited 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 prospective for EV approval in top heartland.
markets: “More approval and much more comprehensive customer 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 unique report.) Supporting the EV development, product exposes surrounding the.
Los Angeles Auto Show last week continue to show the OEM.
focus.According to Stephanie Brinley, associate director of.
AutoIntelligence at S&P Global Mobility, “As automobile programs at.
their best highlight what individuals will be driving in coming years,.
the exposes throughout the Los Angeles Auto Show reflect the continuing.
push towards electric and energized lorries.” Of note, Fiat announced it will bring a version of the European.
500 EV to the U.S. beginning in early 2024, restoring the 500e.
nameplate. Toyotas reveal of the 2023 Prius hybrid consisted of a.
Prime trim that will double the hatchbacks EV-only variety, while.
the car manufacturer also revealed a making of the bZ (” Beyond Zero”).
electric-vehicle principle, previewing a forthcoming compact SUV.
Meanwhile, Vietnamese entrant VinFast revealed U.S.-trim versions of.
2 EV crossover additions to its lineup – bringing its capacity.
United States offerings to 4.