S&P Global Mobility forecasts a strong 11% year-over-year increase in US light vehicle sales for October, driven by potential automaker incentives and rising EV adoption. With two additional selling days and high inventory levels, the market is poised for growth. The report highlights the growing EV market share, with Tesla aiming for a strong finish to surpass last year’s vehicle delivery volume.
U.S. light vehicle sales in October are projected to remain on par with the ongoing trend, with S&P Global Mobility expecting a year-over-year increase of 11% based on a volume estimate of 1.315 million units. This growth, attributed to two additional selling days compared to last year, translates to a seasonally adjusted annual rate (SAAR) of 15.9 million units. The report highlights the potential for automakers to offer consumer support amidst high interest rates and persistent vehicle price pressures, while an inventory surge also signals potential for further sales growth.
