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 economic headwinds mean no news could be excellent news
relating to auto demand levelsWith volume for the month forecasted at 1.122 million systems,
November U.S. vehicle sales are approximated to translate to an estimated
sales pace of 14.1 million units (seasonally changed yearly rate:
SAAR). This would represent a sustained enhancement from the May
through September period however will reflect a decrease from Octobers.
14.9 million-unit rate, according to S&P Global Mobility.
analysis.The daily selling rate metric in November (around 44-45K.
daily) would be in-line with levels since September. Translation:.
From a non-seasonally adjusted volume perspective, car sales.
continue to plug along at a stable speed.” Sales ought to continue to enhance, given the anticipated continual,.
Mild, advancement in general production and inventory levels,”.
stated Chris Hopson, principal expert at S&P Global Mobility.
” However, we also continue to monitor for signals of.
faster-than-expected development in stock. Currently, there are no.
clear indications; inventories have actually advanced as prepared for. However any.
sign of faster than predicted development in the total stock of.
new lorries might indicate that vehicle consumers are feeling the.
pressure of the current economic headwinds and pulling away from the.
market.” As a result, Octobers SAAR increase is most likely to be an abnormality.
compared to the rest of the year, Hopson said, including that.
there are expectations of volatility in the regular monthly outcomes.
beginning in early 2023. Market share of battery-electric vehicles 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 overall EV registrations so far in 2022 (through.
August). The higher Los Angeles and San Francisco cosmopolitan.
locations alone represent almost one-third of total share of the US.
EV market. Meanwhile the Heartland states market share of EV sales.
is hardly half of what they contribute to overall automobile.
registrations.” BEV market share control on the two 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.
demographic profile is more in sync with the standard BEV buyer.
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 progression 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, item reveals 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 finest highlight what people will be driving in coming years,.
the reveals throughout the Los Angeles Auto Show reflect the continuing.
push toward electric and amazed lorries.” Of note, Fiat announced 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 consisted of a.
Prime trim that will double the hatchbacks EV-only variety, while.
the car manufacturer likewise showed a making of the bZ (” Beyond Zero”).
electric-vehicle idea, previewing a forthcoming compact SUV.
Vietnamese entrant VinFast revealed U.S.-trim versions of.
2 EV crossover additions to its lineup – bringing its capacity.
US offerings to four.