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

Ongoing financial headwinds imply no news might be good news
concerning vehicle need levelsWith volume for the month forecasted at 1.122 million units,
November U.S. car sales are estimated to translate to an estimated
sales speed of 14.1 million units (seasonally adjusted annual rate:
SAAR). This would represent a continual improvement from the May
through September period however will show a decline from Octobers.
14.9 million-unit speed, 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, auto sales.
continue to plug along at a consistent speed.” Sales ought to continue to improve, offered the expected sustained,.
Mild, improvement in general production and inventory levels,”.
said Chris Hopson, principal expert at S&P Global Mobility.
” However, we also continue to keep an eye on for signals of.
faster-than-expected growth in inventory. Presently, there are no.
clear signs; inventories have advanced as prepared for. Any.
indicator of faster than predicted growth in the overall stock of.
new automobiles might indicate that automobile consumers are feeling the.
pressure of the present financial headwinds and pulling away from the.
market.” As an outcome, Octobers SAAR increase is most likely to be an anomaly.
compared to the rest of the year, Hopson stated, adding that.
there are expectations of volatility in the regular monthly results.
beginning in early 2023. Market share of battery-electric lorries is expected to reach.
5.9% in November. Outside of the big 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 coastal states and.
represent 50.5% of overall EV registrations so far in 2022 (through.
August). The greater Los Angeles and San Francisco urbane.
areas alone represent 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 vehicle.
registrations.” BEV market share control on the two coasts is associated to.
their greater 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 buyer.
than the middle-American profile.” But Libby sees prospective for EV approval in leading heartland.
markets: “More acceptance and much broader 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 improvement, product exposes surrounding the.
Los Angeles Auto Show recently continue to show the OEM.
focus.According to Stephanie Brinley, associate director of.
AutoIntelligence at S&P Global Mobility, “As auto programs at.
their best emphasize what individuals will be driving in coming years,.
the reveals during the Los Angeles Auto Show show the continuing.
push towards electric and energized cars.” Of note, Fiat revealed it will bring a version of the European.
500 EV to the U.S. beginning in early 2024, restoring 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 likewise showed a rendering of the bZ (” Beyond Zero”).
electric-vehicle principle, previewing a forthcoming compact SUV.
On the other hand, Vietnamese entrant VinFast revealed U.S.-trim versions of.
two EV crossover additions to its lineup – bringing its capacity.
United States offerings to 4.