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S&P Global Mobility: February 2025 US auto sales to improve mildly

1. February 2025 auto sales projected at 1.23 million units. 2. Sales pace expected to improve to 16.1 million SAAR. 3. Light vehicle sales growth forecasted at 1% for 2025. 4. Economic uncertainty may hinder sustained auto sales momentum. 5. BEV sales anticipated to be stable at 8.9% for February.

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Why Bullish?

The outlook for auto sales improvement and sustained growth is favorable. Historical trends indicate that improved forecasts often positively influence SPGI’s market perception.

How important is it?

The article directly discusses automotive projections crucial to SPGI's operations. Increased vehicle sales and interest in electric vehicles align with SPGI's core services.

Why Long Term?

Projected growth in auto sales provides a foundation for longer-term gains. Consistent improvements in vehicle sales can enhance SPGI's analytics and advisory business.

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S&P Global Mobility projects that February 2025 will realize a rebound from the slow January result, but new US vehicle sales face an unsettled environment. , /PRNewswire/ -- With volume for the month projected at 1.23 million units, February 2025 U.S. auto sales are estimated to translate to an estimated sales pace of 16.1 million units (seasonally adjusted annual rate: SAAR). This would be a step up from the 15.6 million unit pace of January 2025 and reflective of the volatile nature of the current auto demand environment. "We expect that auto sales in February should recover mildly from the January 2025 result, but sustained momentum seems tough to come by, given the swirling economic and policy conditions facing auto consumers and automakers alike," said Chris Hopson, principal analyst at S&P Global Mobility. "While pricing, inventory and incentive trends are seemingly moving in the right direction, respectively, to promote new vehicle sales growth unsettled buying conditions will likely continue to push against any consistent upshift for demand levels." The S&P Global Mobility US auto outlook for 2025 reflects sustained, but more moderate growth levels for light vehicle sales.  Vehicle pricing levels are expected to decline but remain high; interest rates are expected to shift further downwards, but inflation levels are anticipated to remain sticky. New vehicle inventory should also progress, but careful management is expected as well.  Combined with an uneasy consumer, we project this will translate to mild growth prospects for auto sales. S&P Global Mobility projects calendar-year 2025 light vehicle sales volume of 16.2 million units, growth of approximately 1% from the 2024 tally. U.S. Light Vehicle Sales Feb 25 (Est) Jan 25 Feb 24 Total Light Vehicle Units, NSA 1,230,900 1,110,721 1,228,996 In millions, SAAR 16.1 15.6 15.7 Light Truck In millions, SAAR 13.2 12.8 12.7 Passenger Car In millions, SAAR 2.9 2.8 3.0 Source: S&P Global Mobility (Est), U.S. Bureau of Economic Analysis Continued 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, some month-to-month volatility is anticipated. February BEV share is expected to reach 8.9%, similar to the January reading, as automakers, dealers and consumers continue to digest potential changes to BEV incentives as the new year is underway. 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 CulverS&P Global Mobility248.342.6211[email protected] SOURCE S&P Global Mobility WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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