S&P Global Mobility: U.S. auto sales volume to hold steady in October
S&P Global Mobility forecasts U.S. light vehicle sales of 1.315 million units in October 2024, representing an 11% year-over-year growth. The seasonally adjusted rate (SAAR) is expected to reach 15.9 million units, one of the year's strongest performances. Retail advertised inventory hit a record 3 million units in September, up 4.7% from August. Battery Electric Vehicle (BEV) share has maintained above 8% since June, with September exceeding 9%. The market anticipates new BEV launches, including the Chevrolet Equinox EV and Honda Prologue, despite challenges from high interest rates and vehicle prices.
S&P Global Mobility prevede che nel mese di ottobre 2024 le vendite di veicoli leggeri negli Stati Uniti raggiungeranno 1,315 milioni di unità, segnando un 11% di crescita anno su anno. Si prevede che il tasso annualizzato aggiustato per le stagioni (SAAR) raggiunga 15,9 milioni di unità, uno dei migliori risultati dell'anno. L'inventario pubblicizzato al dettaglio ha raggiunto un record di 3 milioni di unità a settembre, in aumento del 4,7% rispetto ad agosto. La quota di veicoli elettrici a batteria (BEV) si è mantenuta oltre l'8% da giugno, superando 9% a settembre. Il mercato si aspetta nuovi lanci di BEV, inclusi il Chevrolet Equinox EV e l'Honda Prologue, nonostante le sfide legate ai tassi d'interesse elevati e ai prezzi dei veicoli.
S&P Global Mobility pronostica que las ventas de vehículos ligeros en Estados Unidos alcanzarán 1.315 millones de unidades en octubre de 2024, lo que representa un 11% de crecimiento interanual. Se espera que la tasa ajustada estacionalmente (SAAR) llegue a 15.9 millones de unidades, uno de los mejores desempeños del año. El inventario publicitado al por menor alcanzó un récord de 3 millones de unidades en septiembre, un aumento del 4.7% respecto a agosto. La participación de los vehículos eléctricos de batería (BEV) se ha mantenido por encima del 8% desde junio, superando el 9% en septiembre. El mercado anticipa nuevos lanzamientos de BEV, incluidos el Chevrolet Equinox EV y el Honda Prologue, a pesar de los desafíos de las altas tasas de interés y los precios de los vehículos.
S&P Global Mobility는 2024년 10월 미국 경량차 판매가 131.5만 대에 이를 것으로 예상하며, 이는 전년 대비 11% 성장을 나타냅니다. 계절 조정 연율 (SAAR)은 1590만 대에 이를 것으로 예상되며, 이는 올해 가장 강력한 실적 중 하나입니다. 소매 광고 재고는 9월에 300만 대의 기록을 세우며, 8월에 비해 4.7% 증가했습니다. 배터리 전기차(BEV) 비율은 6월 이후 8% 이상을 유지하고 있으며, 9월에는 9%를 초과했습니다. 시장은 높은 금리와 차량 가격의 도전 과제에도 불구하고 Chevrolet Equinox EV 및 Honda Prologue와 같은 새로운 BEV 출시를 기대하고 있습니다.
S&P Global Mobility prévoit que les ventes de véhicules légers aux États-Unis atteindront 1,315 million d'unités en octobre 2024, représentant une croissance de 11 % d'une année sur l'autre. Le taux ajusté saisonnièrement (SAAR) devrait atteindre 15,9 millions d'unités, l'une des meilleures performances de l'année. L'inventaire publicitaire au détail a atteint un record de 3 millions d'unités en septembre, en hausse de 4,7 % par rapport à août. La part des véhicules électriques à batterie (BEV) est restée au-dessus de 8 % depuis juin, avec septembre dépassant 9 %. Le marché anticipe de nouveaux lancements de BEV, y compris le Chevrolet Equinox EV et le Honda Prologue, malgré les défis posés par les taux d'intérêt élevés et les prix des véhicules.
S&P Global Mobility prognostiziert, dass der Verkauf von leichten Fahrzeugen in den USA im Oktober 2024 1,315 Millionen Einheiten erreichen wird, was einem 11% Wachstum im Jahresvergleich entspricht. Die saisonbereinigte Jahresrate (SAAR) wird voraussichtlich 15,9 Millionen Einheiten erreichen, was eine der besten Leistungen des Jahres darstellt. Der Einzelhandel beworbene Lagerbestand erreichte im September einen Rekord von 3 Millionen Einheiten, was einem Anstieg von 4,7% im Vergleich zum August entspricht. Der Anteil von Batterieelektrofahrzeugen (BEV) hat seit Juni über 8% gehalten und im September 9% überschritten. Der Markt erwartet neue BEV-Einführungen, darunter den Chevrolet Equinox EV und den Honda Prologue, trotz Herausforderungen durch hohe Zinssätze und Fahrzeugpreise.
- 11% year-over-year sales growth in October
- Strong SAAR of 15.9 million units
- Record inventory levels reaching 3 million units
- BEV market share consistently above 8%, reaching 9% in September
- Expanding BEV product lineup with new model launches
- High interest rates continuing to pressure consumers
- Elevated vehicle prices affecting affordability
Insights
The October auto sales data reveals encouraging trends in the U.S. automotive market. The 11% year-over-year growth and 15.9 million SAAR demonstrate resilient consumer demand despite challenging economic conditions. The surge in retail advertised inventory to over 3 million units marks a significant milestone, suggesting improved supply chain conditions and potential for stronger sales momentum.
The sustained above 8% BEV market share since June, reaching above 9% in September and October, indicates accelerating EV adoption. The upcoming launches of mass-market EVs from major manufacturers could further catalyze this growth. However, high interest rates and vehicle prices remain significant headwinds for consumer affordability, potentially impacting sales velocity in the near term.
New vehicle sales levels in October remain unchanged from the ongoing trend
"As we begin the final quarter of the calendar year, there's potential that automakers will look to provide some additional support for consumers," said Chris Hopson, principal analyst at S&P Global Mobility. "This would be warmly received by new vehicle shoppers who continue to be pressured by high interest rates and slow-to-recede vehicle prices, which are translating to high monthly payments."
Support from advancing inventories also provides some signals that auto sales could develop further to close out the year.
According to S&P Global Mobility Retail Advertised Inventory data, retail advertised inventory in the
US Light Vehicle Sales | ||||
Oct 24 (Est) | Sep 24 | Oct 23 | ||
Total Light Vehicle | Units, NSA | 1,315,000 | 1,169,908 | 1,198,162 |
In millions, SAAR | 15.9 | 15.8 | 15.3 | |
Light Truck | In millions, SAAR | 12.9 | 12.8 | 12.3 |
Passenger Car | In millions, SAAR | 3.0 | 3.0 | 3.0 |
Source: S&P Global Mobility (Est), | ||||
According to S&P Global Mobility new registration data, BEV share of sales has been above
About S&P Global Mobility
At S&P Global Mobility, we provide invaluable insights derived from unmatched automotive data, enabling our customers to anticipate change and make decisions with conviction. Our expertise helps them to optimize their businesses, reach the right consumers, and shape the future of mobility. We open the door to automotive innovation, revealing the buying patterns of today and helping customers plan for the emerging technologies of tomorrow.
S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity, and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/mobility.
Media Contact:
Michelle Culver
S&P Global Mobility
248.728.7496 or 248.342.6211
Michelle.culver@spglobal.com
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SOURCE S&P Global Mobility
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