August US sales volume is expected to be one of the largest of the year, given 28 selling days and the inclusion of
Monthly US light vehicle sales volume in August is expected to be one of the largest of the year
“New vehicle affordability remains the biggest obstacle preventing further advances in the pace of auto sales,” said
Continued advances in inventories and incentives are expected over the remainder of the year”two levers necessary for affordability issues to ease and sales to progress. But recent developments reflect some volatility for both metrics.
According to
US Light Vehicle Sales |
||||
|
|
|
||
Total Light Vehicle |
Units, NSA |
1,422,000 |
1,273,115 |
1,318,588 |
In millions, SAAR |
15.2 |
15.8 |
15.3 |
|
|
In millions, SAAR |
12.4 |
12.8 |
12.2 |
Passenger Car |
In millions, SAAR |
2.8 |
3.0 |
3.1 |
Source: S&P Global Mobility (Est), U.S. Bureau of Economic Analysis |
||||
Strong development of battery-electric vehicle (BEV) sales remains an assumption in the longer term S&P Global Mobility light vehicle sales forecast. In the immediate term, moderate month-to-month volatility is anticipated. August BEV share is expected to reach 8.1%, similar to the month-prior reading and continued advancement from the Q1 2024 results.
BEV share is expected to progress over the next several months, continuing the upward trend realized since
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