This 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.

Continuous financial headwinds mean no news could be good news
concerning vehicle demand levelsWith volume for the month forecasted at 1.122 million systems,
November U.S. auto sales are estimated to equate to an approximated
sales speed of 14.1 million units (seasonally adjusted annual 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 pace, according to S&P Global Mobility.
analysis.The everyday selling rate metric in November (around 44-45K.
per day) would be in-line with levels since September. Translation:.
From a non-seasonally adjusted volume standpoint, car sales.
continue to plug along at a constant speed.” Sales should continue to improve, given the expected continual,.
Moderate, development in overall production and inventory 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 development in stock. Currently, there are no.
clear indications; inventories have actually advanced as anticipated. Any.
indication of faster than projected development in the overall stock of.
new cars might mean that automobile consumers are feeling the.
pressure of the existing financial headwinds and pulling back 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 monthly outcomes.
beginning in early 2023. Market share of battery-electric automobiles is anticipated to reach.
5.9% in November. However, outside of the large 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 US 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.
locations alone account for almost one-third of total share of the US.
EV market. The Heartland states market share of EV sales.
is hardly half of what they contribute 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.
market profile is more in sync with the traditional BEV purchaser.
than the middle-American profile.” But Libby sees possible for EV approval in top heartland.
markets: “More approval and much more comprehensive 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 special report.) Supporting the EV advancement, item reveals 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 automobile programs at.
their best emphasize what individuals will be driving in coming years,.
the exposes during the Los Angeles Auto Show reflect the continuing.
push toward electrical and electrified automobiles.” Of note, Fiat revealed it will bring a variation of the European.
500 EV to the U.S. starting in early 2024, restoring the 500e.
nameplate. Toyotas reveal of the 2023 Prius hybrid included a.
Prime cut that will double the hatchbacks EV-only range, while.
the car manufacturer also revealed a making of the bZ (” Beyond Zero”).
electric-vehicle principle, previewing an upcoming compact SUV.
On the other hand, Vietnamese entrant VinFast showed U.S.-trim versions of.
2 EV crossover additions to its lineup – bringing its capacity.
United States offerings to 4.