S&P Global - SPGI STOCK NEWS

S&P Global Mobility forecasts a mild improvement in February 2025 US auto sales, projecting 1.23 million units with a seasonally adjusted annual rate (SAAR) of 16.1 million units, up from January's 15.6 million pace. Despite positive trends in pricing, inventory, and incentives, market growth faces challenges from uncertain economic conditions.

The outlook for 2025 predicts sustained but moderate growth, with annual light vehicle sales projected at 16.2 million units, representing approximately 1% growth from 2024. While vehicle prices are expected to decline and interest rates to decrease, inflation remains a concern. The battery-electric vehicle (BEV) segment is anticipated to maintain an 8.9% market share in February, matching January's performance, as stakeholders adapt to potential changes in BEV incentives.

S&P Global is set to host the 40th annual World Petrochemical Conference (WPC) in Houston from March 17-21, 2025, at the Marriott Marquis Hotel. The event will bring together over 550 leading companies, featuring 200+ speakers and nearly 1,500 attendees from 53 countries.

The conference, themed 'Investing for Market Growth and A Low Carbon Future,' will address critical industry challenges including global trade policy shifts, commercial environment, climate goals, and sustainability regulations. Key sessions will cover topics such as innovation for sustainability, energy transition impact, electoral policy implications, sustainable financing, feedstock security, and supply chain dynamics.

Notable speakers include CEOs from major companies like SABIC, Dow, Huntsman, NOVA Chemicals, and LyondellBasell. The conference will feature specialized tracks focusing on olefins, aromatics, methanol & ammonia, feedstocks, specialty chemicals, and circular economy initiatives.

CERAWeek by S&P Global announces its 43rd annual conference, scheduled for March 10-14, 2025, in Houston, featuring U.S. Secretary of the Interior Doug Burgum as a plenary speaker. The conference theme 'Moving Ahead: Energy strategies for a complex world' will explore transformative changes in policy, technology, and geopolitics shaping the global energy landscape.

Secretary Burgum, who chairs the White House National Energy Dominance Council and oversees nearly one-fifth of U.S. lands and waters, joins an impressive roster of global energy leaders, including CEOs from major companies like bp, Shell, Chevron, and Saudi Aramco. The event will address key themes including new policies, oil and gas, renewables, geopolitics, and AI innovation.

The conference will feature the CERAWeek Innovation Agora, showcasing technological advancements in energy and adjacent industries, with dedicated areas focused on climate, carbon, and new energies.

S&P Global Mobility announced its 2024 Automotive Loyalty Awards winners, with General Motors securing the 'Overall Loyalty to Manufacturer' award and Tesla winning the 'Overall Loyalty to Make' award. The analysis reveals industry brand loyalty reached 51.6% in 2024, up 0.6 percentage points from 2023's 51.0%, alongside a 4% increase in customer return-to-market volume.

The awards, based on analysis of 13.1 million new retail vehicle registrations, saw GM win its 10th consecutive manufacturer loyalty award, while Tesla secured three categories for the third straight year. Subaru reclaimed the 'Overall Loyalty to Dealer' award, while Lincoln Corsair and Land Rover earned 'Overall Loyalty to Model' and 'Most Improved Make Loyalty' respectively.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index recorded a 3.9% annual gain in December 2024, up from 3.7% in the previous month. The 10-City Composite saw a 5.1% annual increase, while the 20-City Composite posted a 4.5% year-over-year increase.

New York led with the highest annual gain of 7.2%, followed by Chicago (6.6%) and Boston (6.3%). Tampa showed the lowest return, declining 1.1%. Month-over-month, both the U.S. National and 20-City Composite Indices dropped 0.1% before seasonal adjustment, while showing a 0.5% increase after adjustment.

The National Index has risen 8.8% annually since 2020, though this is below the peak appreciation of 18.9% observed in 2021. Notable market shifts include San Francisco's 4.5% decline in the last six months of 2024, now 11.0% below its post-pandemic peak from May 2022. The Northeast region continues to show above-trend growth, with Boston reaching an all-time high in December 2024.

CARFAX and Pinnacle Actuarial Resources have jointly developed the innovative CARFAX Vehicle Build Score, designed to revolutionize auto insurance risk assessment by replacing traditional vehicle symbols. This new scoring system utilizes the complete 17-digit VIN to provide insurers with precise vehicle valuation and specific attribute insights.

The score incorporates a proprietary vehicle valuation model that prevents pricing inaccuracies by delivering current market values. Using advanced modeling techniques, CARFAX analyzes vehicle loss experience at the component level, eliminating the need for yearly symbol updates.

Drawing from CARFAX's database of over 36 billion records, the Vehicle Build Score provides detailed insights into factory and post-factory installed features. It's designed for both personal and commercial auto insurance markets, offering VIN-level details that integrate easily into existing rating models. The score is currently being filed and approved by state regulators across the United States.

S&P Global executives warn that the energy transition will be more difficult, costly, and complicated than anticipated, according to their new article in Foreign Affairs. Daniel Yergin, Peter Orszag, and Atul Arya argue that the transition won't unfold linearly but will vary across regions at different rates with different fuel mixes.

The authors highlight that despite record renewable energy production in 2024, oil and coal also reached all-time highs. What's occurring is more "energy addition" than transition, with renewables supplementing rather than replacing conventional sources. The share of hydrocarbons in global energy has only decreased from 85% to 80% since 1990.

Key challenges include:

• The massive cost (estimated at 5% of global GDP annually through 2050)
• Energy security concerns heightened by Russia's Ukraine invasion
• A North-South divide on balancing climate with development priorities
• Mining and mineral constraints (new mines take 20+ years to develop)
• US-China rivalry complicating green supply chains
• Surging electricity demand from EVs, reshoring, and data centers

S&P Global (NYSE: SPGI) has announced that President and CEO Martina Cheung will participate in Raymond James' 46th Annual Institutional Investors Conference on March 3, 2025, in Orlando, Florida. The presentation will take place from 2:15 p.m. to 2:45 p.m. Eastern Time.

The 'fireside chat' session will be available as an audio webcast through S&P Global's Investor Relations website. Investors can access both live streaming and replay versions of the presentation, with the replay remaining available for 90 days until June 2, 2025. Any additional materials presented during the session will be accessible on the Company's Investor Presentations webpage.

CERAWeek by S&P Global announces its 43rd annual conference, scheduled for March 10-14, 2025, in Houston, featuring U.S. Secretary of Energy Chris Wright as a key speaker. The conference theme 'Moving Ahead: Energy strategies for a complex world' will explore multifaceted changes in policy, technology, and geopolitics reshaping the global energy landscape.

The event will feature the CERAWeek Innovation Agora, focusing on transformational technology platforms including AI, decarbonization, hydrogen, and cybersecurity. The conference program will address key themes including new policies, oil and gas power, renewables, geopolitics, capital transition, and sustainability. Notable speakers include CEOs from major energy companies such as bp, Shell, Chevron, and Saudi Aramco.