US sales volume projected to reach 16.2 million vehicles. Battery electric vehicles projected to continue growth in market share. Global new light vehicle sales in 2025 are expected to rise 1.7% year-over-year, to 89.6 million units, according to a new forecast by S&P Global Mobility. The global auto sector remains focused on managing production and […]
U.S. Light Vehicle Sales Projected Up 6% in November Compared to Last Year
On an unadjusted volume level, S&P Global Mobility projects November U.S. light vehicle sales to reach 1.31 million units, growth of 6% from the year ago level. This would translate to a seasonally adjusted rate (SAAR) of 15.9 million units, on trend with the 16.0 million unit mark realized in October. “Retail sales are showing […]
S&P Global Mobility Report Vehicle Manufacturers Strategic Noves on Path from ADAS to Autonomy
Automotive manufacturers are in a race to distinguish themselves in the fast-evolving landscape of advanced driver assistance systems (ADAS) and autonomous driving technologies according to a report by S&P Global Mobility. As competition intensifies, automakers are adopting diverse strategies to integrate these features, from enhancing safety and convenience with ADAS to pushing the boundaries with […]
September U.S. Auto Sales Rate Up
While the sales rate was up, unit sales were lower compared to last year due to Labor Day timing. Given a relatively small number of selling days, 23, and with Labor Day volume counted in August, total U.S. auto sales in September are expected to be much lower than the year-ago and month-prior levels, but […]
Vehicle Manufacturers Slowing EV Investments
S&P Global Mobility Auto Intelligence reports that in 2024, sales of battery electric vehicles (BEV) settled to single-digit growth. Though BEV demand continues to grow, the mismatch between naturally progressing demand and automaker forecasts set the world on edge. According to the report, given the billions invested and being deployed in the transition, concern is […]
Semiconductor Shortage May Impact Auto Industry Later this Year
S&P Global Mobility warns automotive chip supply could be low by the end of the year. Key companies in the automotive and semiconductor industries have expressed concerns about a potential semiconductor shortage in the second half of 2025 or 2026, but automotive chip supplies will be low by the end of 2024. According to S&P […]
July New Vehicles Sales Projected Up on Bounce Following June CDK Global Outage
S&P Global Mobility projects the pace of sales in July is expected to realize a notable boost on delayed sales from June cyberattack on dealer management system provider. S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year. This volume would translate […]
US Auto Sales Projected Up in June Year Over Year
New light vehicle sales in June are expected to maintain pace with May and translate to one of the stronger seasonally adjusted results since 2021. S&P Global Mobility projects new light vehicle sales volume in June 2024 to reach 1.40 million units, up approximately 1% year over year. This volume would translate to an estimated […]
May U.S. Auto Sales Projected Up 3% Over Last year
S&P Global Mobility projects new U.S. light vehicle sales volume in May 2024 to reach 1.4 million units. This unadjusted volume total would be up approximately 3% from the year-ago total, and up 7% from the April 2024 result. The estimated May sales total would translate to a sales pace of 15.6 million units seasonally […]
Average Age of Vehicles in the U.S. Hits Record 12.6 years in 2024
Vehicles on the road are getting even older, according to S&P Global Mobility. The average age of cars and light trucks in the U.S. has risen again to a new record of 12.6 years in 2024, up by two months over 2023, according to new analysis. Increase in average age is showing signs of slowing […]