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 […]
US Light Vehicle Sales Projected Up 18% in May Compared to Last Year
S&P Global Mobility reports growing inventories and falling prices, but US auto sales growth still progressing slowly. As the market awaits a clear signal that either growing new-vehicle inventories or consumer affordability issues will emerge as the main determinant of auto sales trends in the immediate term, new U.S. light vehicle demand in May is […]
Average Age of Light Vehicles in the US Hits Record High 12.5 years
S&P Global Mobility reports aging trend continues as new vehicle sales remain under pressure. Number of passenger cars to hit lowest point since 1978. With more than 284 million vehicles in operation (VIO) on U.S. roads, the average age of cars and light trucks in the US has risen again this year to a new […]
U.S. Light Vehicle Sales Projected Up in April Over Last Year
According to S&P Global Mobility, new light vehicle sales in April are expected to maintain the pace of the preceding months but uncertainty remains for the rest of the year. S&P Global Mobility estimates new light vehicle sales volume in April 2023 to reach 1.29 million units, up approximately 4% from April 2022 and representing […]
February Total New-Vehicle Sales Projected to Increase as Availability Improves
Consumer spending on new vehicles will set a February record. Total new-vehicle sales for February 2023, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022 according to a joint forecast from J.D. Power and LMC Automotive. February 2023 has the same number of selling days as February […]