S&P Global Mobility US Monthly Light Vehicle Sales Preview, August 2022: US Light Vehicle Sales to mark first YOY gain in 12 months, according to S&P Global Mobility projection
This release covers S&P Global Mobility US light vehicle sales estimates for the month of August 2022. S&P Global Mobility will be reporting these highlights monthly moving forward.
SOUTHFIELD, Mich., Aug. 26, 2022 /PRNewswire/ -- S&P Global Mobility's analyst team is predicting the first year-over-year gain for new light-vehicle sales for the trailing year — with an estimate of 1.123 million units, equivalent to a 13.1 million seasonally adjusted annual rate. Moreover, the increasing consumer acceptance of electric vehicles shows it to be an increasingly important segment of the market, comprising
As a result, we believe US auto sales will be limited to a 14.1 million unit total for the year, a downgrade from the 2022 14.6 million unit calendar-year forecast that the S&P Global Mobility team published in July. On a manufacturer level, August results are expected to reflect the prevailing market conditions: Potential for slight month-over-month share advancement for OEMs that have available supply to sustain sales levels, compared to continued retrenchment for OEMs struggling from an inventory standpoint.
Electric vehicle mix reflecting strong momentum
Battery electric vehicles (BEVs) are expected to reach
S&P Global Mobility sub-segment mix
Sport-utility vehicle sales continue to rise at expense of passenger cars, specifically against sedan and hatchback. SUV mix is expected to reach more than
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