Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
October’s surge was sparked by greater availability, moderation to price increases and delayed shipments from Q3. Boding well for the rest of the fourth quarter is that inventory will continue rising through November, which, if coupled with restraint on pricing, creates upside to deliveries. Challenges to the rest of the year include potentially tougher economy-related headwinds, as well as less impact from the temporary lifts that helped October.
World vehicles in operation by region, country, and vehicle type for 2020-2021.
World vehicles in operation by vehicle type for 1930-2021.
Although November Canadian new light-vehicle sales took a respite from October’s robust performance, they bested the inventory-strapped prior-year results. Total light-vehicle sales of 1,433,115 for the 11-month period through November were 8.1% lower than the 1,559,832 sold in like-2021.
Australia vehicle sales by vehicle type and company for November 2022.
Canada light vehicle sales by vehicle type, company, and brand; and by vehicle type, company, source, brand, and model line for November 2022.
Continued Inventory Growth in November Won’t Necessarily Translate to Significant Sales Gains in December, Q1-2023
Inventory gains continue to outpace sales, especially with pickups and sport/utility vehicles. If December sales don’t at least match November’s 14.1-million-unit annualized rate, inventory could rise again. Not necessarily bad, but because it is a low-volume month for production due to holiday-related plant shutdowns combined with typically being one of the strongest months for sales volumes, December usually ends with lower inventory. A sequential increase in inventory at the end of the year could be further confirmation of flagging demand – especially for gas-guzzling trucks - that continues into 2023.
The South Korean heavyweight is lining up as much as 90 GWh of new battery capacity in the U.S.
U.S. light vehicle inventory by company region and company; by vehicle type, source, and country of origin; by segment group, segment, and source; by vehicle type, company, source, brand, and model line for November 2022.
Frank Weber believes innovation is created in the spaces in between, i.e., through interaction.
Sales were up from a weak year-ago period but slid significantly from October’s results. The sequential decline was despite rising inventory, especially of fullsize trucks, which typically have their strongest results in the fourth quarter. Strength was in CUVs and cars, which likely were boosted by increased shipments to fleet customers – not necessarily to consumers. Elevated prices of what is available on dealer lots, combined with rising interest rates and fear of recession, are keeping more potential buyers out of the market.
U.S. vehicle sales SAAR (seasonally adjusted annual rates) by vehicle type and source by month for 1980-current.
U.S. light vehicle sales for November 2022 presented in interactive Excel tables and charts. Expandable reports highlight results by Company, Source, Segment, Model Line and Power Source by units or market share. Includes SAAR (seasonally adjusted annual rates), Top 15 models by vehicle type, and filterable flat file to query or export to external reports.
All set! This article has been sent to firstname.lastname@example.org.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.