December 2023 auto sales wrap up year on a familiar note
Little movement in pace of sales sets stage for an uncertain
2024 landscapeWith volume for the month projected at 1.37 million units,
December US auto sales are estimated to translate to an estimated
sales pace of 15.2 million units (seasonally adjuste...
S&P Global Mobility forecasts 88.3M auto sales in 2024
As 2024 approaches, S&P Global Mobility forecasts 88.3
million new vehicle sales worldwide next year as the recovery rolls
on. With the brakes off the supply chain, the risk to further
growth is that demand momentum fades as consumer uncertaint...
When will car leasing be cool again?
In the years before the pandemic, new car leasing
accounted for 25-30% of all retail transactions, and market
penetration was as high as 53% in the luxury sector. But during the
pandemic, new vehicle leases fell to as low as 17%, and the
recovery has b...
American Honda sees a share rebound
American Honda Motor suffered severe inventory
droughts during the pandemic and semiconductor crisis, but it has
emerged in 2023 with redesigned core products and an easing of
production challenges - giving the automaker a boost heading into
2024.While...
COP28: Banks facing climate-change pressure for financing auto industry emissions
KEY TAKEAWAYSBanks and financial institutions are increasingly committed to
reducing the emissions they finance - with the auto industry among
the world's biggest contributors to greenhouse gas emissions.This presents a problem for banks' discl...
November US auto sales stay the course; projection of 1.23 million units
Auto demand levels expected to continue tapering from 2Q
resultsOn an unadjusted volume level, November US light vehicle sales
are expected to advance mildly from the strike impacted levels of
October but remain absent of any momentum. S&P Glob...
Automotive Insights – Q3 2023 Canadian EV Information and Analysis
HIGHLIGHTS (vs Q2 2023)ZEVs account for 1 in 8 new vehicles registered in Canada. ZEVs
market share sets new high at 13.3% for Q3 2023; up from
10.5%.ZEVs volumes increased 19.4% while total light duty vehicles
(GVW =< 8,500 lbs) volume decrease...
Affordability tops charging and range concerns in slowing EV demand
Although battery-electric vehicles are getting closer
to price parity with their internal combustion siblings, the
affordability factor is the main reason consumers are holding back
on adopting electrification, according to a recent survey by
S&...
Fuel for Thought: Waiting for Autonomy
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WITH S&P GLOBAL MOBILITY EXPERTSFive years ago, hype surrounding "autopilot" cars
peaked. But S&P Global Mobility's updated forecast offers a
reality check of careful, limited adoption of self-drivi...
October US auto sales reflect uneasiness and volatility; projection of 1.2 million units
Despite some assembly plants shut down by the UAW strike for
more than a month and continued auto consumers pressure points of
rising interest rates and still-high new vehicle pricing levels,
October US light vehicle sales are expected to be relatively...