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Haig Stoddard

Senior Industry Analyst - Forecasting

Haig focuses on market analysis and future vehicle trends.

Latest From Haig Stoddard

January U.S. Light-Vehicle Inventory Rises 2.1% from December

Along with indications automakers are increasing incentives, a rise in the mix of affordable vehicles to go with the overall increase in inventory puts more upside risk than downside to the 14.6 million-unit annualized rate of sales currently expected for the first quarter.

Market Analysis Markets

The Global Automotive Connectivity Market & Forecast

This connectivity market forecast looks at the number of vehicles being sold and global parc of operational vehicles that have factory installed connectivity from 2014 and forward looking to 2034. 


U.S. Light-Vehicle Sales Record Fifth Consecutive Increase in January

Despite record January average transaction prices, there are indications of an easing in prices, including an uptick in incentive spending, which can be traced to the steady rise in inventory that began last summer and occurring at a much faster pace than growth in sales.

Market Analysis Markets

Global Sales Fall 1.5% in 2022; December’s Results End 5-Month Growth Streak

Global sales should resume year-over-year growth early in 2023 – possibly with January’s results - as demand in most major markets will offset any first-quarter pandemic-related declines in China. Volume in entire-2023 is forecast by LMC Automotive to rise 6% from 2022.

Market Analysis Markets

U.S. Light-Vehicle Sales to Rise 5th Straight Month in January; Q1 Forecast for 4% Gain

The bottom line is raw volume is growing, albeit slowly, with a forecast year-over-year gain in January, as well as the entire first quarter. Because of the chaos of the past three years, January’s upward spike to a 15.6 million-unit seasonally adjusted annual rate from December’s 13.4 million is more a result of disruption to typical year-end seasonal trends than a sudden surge in demand. Annualized rates in February and March are expected to fall closer in line with current market conditions and first-quarter 2023 is forecast to total a 14.6 million-unit SAAR, which still is an increase from both the year-ago quarter and Q4-2022.

Market Analysis Markets

North America Production Up 9.8% in 2022; Expectations Lowered for Q1-2023

With the level of demand uncertain for 2023, unused capacity will remain a factor which could lead some automakers to start trimming available production through slower line rates, shift cuts or plant closures for indefinite periods.

Market Analysis Markets
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