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 […]
January Auto Sales Projected Up Over Last Year
While up over last year, S&P Global Mobility projects auto sales are expected to decelerate from the quickening realized in December. BEVs sales share projected at 8%. With volume for the month projected at 1.09 million units, January 2024 U.S. auto sales are estimated to translate to a seasonally adjusted annual rate (SAAR) sales pace […]
November US Auto Sales Projected Up Over Last Year
Though up on last year, auto demand levels expected to continue tapering from second quarter results. On 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 Global Mobility projects sales volume of 1.23 million units for […]
September U.S. Auto Sales Projected Above Last Year, But Flat from August
S&P Global Mobility reports demand remains static but UAW strike casts a shadow over fourth quarter. US light vehicle sales in September should remain relatively unchanged from the month-prior result, according to S&P Global Mobility, which projects sales volume of 1.30 million units for the month. For optimists, that auto sales levels remain steady in […]
Widespread Adoption of Autonomous Vehicle Remains at Least a Decade Away
S&P Global Mobility reports says the era of peak hype has passed, but forecasters still see long-term adoption in certain segments that benefit from today’s rise in automated driving technology. A world of self-driving vehicles and mobility-on-demand is likely to exist eventually, but for the next decade, widespread implementation of autonomous technology will not be […]
Survey Shows Consumers Desire Automated Safety over Self-Driving Technology
According to a spring 2023 S&P Global Mobility consumer survey, car buyers understand and want advanced driver assistance systems (ADAS) features that provide safer driving – and they expect them to be standard in new luxury and mainstream vehicles. But the same feelings do not apply when ADAS is applied to autonomous driving systems. According […]