S&P Global Mobility’s Post

Global light vehicle sales are projected to see a modest increase of less than 2% in 2024, following a surge of 10.8% in 2023, which brought sales to 89.8 million units, nearly reaching pre-pandemic levels, according to a report by Moody’s. Story by: Saurav Anand #GlobalVehicleSales #AutoIndustry #MoodyAnalytics #EconomicTrends #VehicleMarket #2024Outlook #GlobalEconomy #AutomotiveSector #MoodyProjections #MarketAnalysis

Autoline Daily 2024: Top Industry News for Feb. 20 2024 U.S. EV Sales Could Grow 43%; China Price War Spreads To ICE; U.S Vehicles Biggest Ever, Also Lowest CO2 http://spr.ly/6049nnFI7 #Automotive #AutomotiveTechnology #IndustryNews

Automotive Industry Trends: UK's Shift Towards Electric Vehicles ⚡ As of May 2024, electric cars have accounted for 16.1% of all new car sales in the UK. 133,062 EVs have been sold so far this year, a 9.7% increase from the same point in 2023. Together with PHEVs (7.8%) and HEVs (13.4%), cars with an electric motor account for 37.3% of UK's new car sale market. The UK's commitment to becoming a global leader in EV adoption is clear. As policies tighten and technology evolves, we can expect to see further rapid growth in this sector. For individuals looking to expand their industry knowledge and join the industry leaders who are providing EV training to stay at the forefront, reach out for current opportunities. I’m here to support your career growth within the automotive industry, or assist your organisation find the top talent. Let’s connect and explore how we can collaborate for success! 💻: [email protected] 📞: +447563315416 / 0203 983 3400 (Source: Heycar: Electric car statistics - data and projections)

Electric car sales are expected to continue strongly through 2023: - 1) First quarter sales: Over 2.3 million electric cars, a 25% increase from the same period last year. 2) Anticipated sales by end of 2023: 14 million, marking a 35% year-on-year increase. 3) Sales acceleration: New purchases expected to surge in the second half of the year. 4) Expected contribution: Electric cars potentially reaching 18% of total car sales for the entire calendar year. 5) Driving factors: National policies and incentives aimed at boosting sales. Potential influence of high oil prices, which could motivate prospective buyers. Under the IEA Stated Policies Scenario (STEPS), the global outlook for the share of electric car sales based on existing policies and firm objectives has increased to 35% in 2030. . . #evmarkets #evindustry #evsalesglobally #evcharginginfra #terracharge

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjW-c0 #AutomotiveTrends #AutoIndustry

#Mobility Minute with Stephanie Brinley on April US Light Vehicle Sales Preview As reports on April US light vehicle sales come in throughout the day, S&P Global Mobility expects to see a decline versus last year as well as versus March 2024. However, there were also fewer selling days contributing to that result and overall, we expect the spring sales momentum to be sustained. We expect monthly sales at about 1.34 million units, likely to lead to a seasonally adjusted annual rate of 16.0 million units. If so, this will mark only the third time in the past 24 months this has happened. If results are as expected, this also pulls sales from the first four months of 2024 ahead of the same point in 2023 by about 4%. Today’s #auto sales environment is still defined by mixed signals of advancing inventory and incentives, affordability concerns from high interest rates and still high vehicle prices. Even so, the anticipated April result reflects that consumers are still in the market for a new vehicle. #AprilUSlightvehiclesales #springsalesmomentum #autosalesenvironment #affordabilityconcerns Ask Stephanie a question: https://okt.to/Qn4cRJ

The United States is in the middle of an electric green wave. Electric vehicle sales are expected to reach 40% of total light vehicle sales by 2030. And potential buyers have strong preferences for which automakers they would consider purchasing an electric vehicle from. https://yhoo.it/3QdcGnt