Associated tags: S
Locations: NORTH AMERICA, US, TESLA, NEVADA, CALIFORNIA, FLORIDA, CHEVROLET, BRAZIL, UNITED KINGDOM, UNITED STATES OF AMERICA, FORD, NV, MORGAN, MACK, MICHIGAN, HOPSON, NEW YORK
SOUTHFIELD, Mich., April 29, 2024 /PRNewswire/ -- S&P Global Mobility projects new light vehicle sales volume in April 2024 to reach 1.34 million units. While this unadjusted volume total would be a drop from both the month prior (down 7%) and year-ago (down 2%) levels, two fewer selling days than March 2024 and one less than April 2023 more than account for any potential declines. This volume would translate to an estimated sales pace of 16.0 million units (seasonally adjusted annual rate: SAAR), just the third time in the past twenty-four months the metric has reached this level.
Key Points:
- While expected to be below the March 2024 volume total, new light vehicle sales volume in April should sustain some of the spring selling momentum
SOUTHFIELD, Mich., April 29, 2024 /PRNewswire/ -- S&P Global Mobility projects new light vehicle sales volume in April 2024 to reach 1.34 million units.
- This volume would translate to an estimated sales pace of 16.0 million units (seasonally adjusted annual rate: SAAR), just the third time in the past twenty-four months the metric has reached this level.
- The supply side of the auto equation is continuing to show signs of advancement, hinting at sustained growth for inventories and incentives moving through 2024.
- S&P Global Mobility projects calendar-year 2024 light vehicle sales volume of 16.0 million units, a 3% increase from 2023."
Cloud,
Dealership management system,
Partnership,
DMS,
Behavior,
APC,
Software as a service,
API,
ARC,
Original equipment manufacturer,
Video game This integration heightens the ability of Mastermind to predict in-market buying behavior and drive engagement by automatically sharing customer information from Tekion to Mastermind.
Key Points:
- This integration heightens the ability of Mastermind to predict in-market buying behavior and drive engagement by automatically sharing customer information from Tekion to Mastermind.
- "Mastermind's latest integration syncs customer information from Tekion to unlock more powerful predictions and real-time insights that dealers can use to drive sales," said Aaron Baldwin, chief product officer at automotiveMastermind.
- "As we continue to integrate Mastermind with high-profile industry leaders like Tekion, we can offer even greater capabilities to our dealer partners, allowing them to harness the full power of its technology."
- Heightened data security: A secure API connection improves a dealer's ability to protect and store sensitive customer data shared between Mastermind and Automotive Retail Cloud.
SOUTHFIELD, Mich., March 26, 2024 /PRNewswire/ -- With volume for the month projected at 1.47 million units, March 2024 U.S. auto sales are estimated to translate to an estimated sales pace of 15.8 million units (seasonally adjusted annual rate: SAAR). This would bring the SAAR average in the first quarter of the year to a level of 15.5 million units. While progress from a year-ago reading of 15 million units, it would reflect a step down from the 15.7 million unit reading of the fourth quarter of 2023, reflective of the volatile nature of the current auto demand environment.
Key Points:
- SOUTHFIELD, Mich., March 26, 2024 /PRNewswire/ -- With volume for the month projected at 1.47 million units, March 2024 U.S. auto sales are estimated to translate to an estimated sales pace of 15.8 million units (seasonally adjusted annual rate: SAAR).
- This would bring the SAAR average in the first quarter of the year to a level of 15.5 million units.
- The S&P Global Mobility US auto outlook for 2024 reflects sustained, but more moderate growth levels for light vehicle sales.
- "S&P Global Mobility projects calendar-year 2024 light vehicle sales volume of 15.96 million units, a 3% increase from the 2023 tally."
SOUTHFIELD, Mich., March 5, 2024 /PRNewswire/ -- The US commercial vehicle market in 2023 experienced substantial growth and is up 14% year-over-year, according to new analysis from S&P Global Mobility. More than 1.6M new vehicles in the class 1-8 GVW have been registered in 2023. More importantly, new analysis and insights into the commercial vehicle upfit market show that over 45% upfitted vehicles are currently being used as service/utility vehicles or as dry freight vans, according to new commercial vehicle registrations in 2023.
Key Points:
- SOUTHFIELD, Mich., March 5, 2024 /PRNewswire/ -- The US commercial vehicle market in 2023 experienced substantial growth and is up 14% year-over-year , according to new analysis from S&P Global Mobility.
- More importantly, new analysis and insights into the commercial vehicle upfit market show that over 45% upfitted vehicles are currently being used as service/utility vehicles or as dry freight vans, according to new commercial vehicle registrations in 2023.
- This allows for statistical analysis and aggregated modeling to identify the end use for a commercial vehicle.
- S&P Global Mobility will be participating with an exhibit at the upcoming Work Truck Show hosted by NTEA in Indianapolis this week.
Retrieved on:
Thursday, February 29, 2024
EV,
Ward,
MMNA,
Torque,
BEV,
Outlander,
S-AWC,
Traction,
Plug,
Gasoline,
SUV,
Hybrid,
ICE,
Electricity,
Calendar,
Mitsubishi Motors,
Mitsubishi Group,
Mitsubishi Motors North America,
EPA,
Environment FRANKLIN, Tenn., Feb. 29, 2024 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) announced today that it has been recognized by S&P Global Mobility for having the "Most Improved Alternative Powertrain Loyalty to Make" for the 2023 calendar year1.
Key Points:
- FRANKLIN, Tenn., Feb. 29, 2024 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) announced today that it has been recognized by S&P Global Mobility for having the "Most Improved Alternative Powertrain Loyalty to Make" for the 2023 calendar year1.
- The Mitsubishi Outlander Plug-in Hybrid is the perfect stepping-stone from today's internal combustion engine (ICE) vehicles to tomorrow's full battery-electric vehicles (BEV).
- But its ability to operate on both electricity and gasoline also is the perfect destination vehicle for some customers too.
- "In today's hypercompetitive market, retaining customers is more important than ever," said Joe LaFeir, president, Automotive Insights, S&P Global Mobility.
Retrieved on:
Thursday, February 29, 2024
EV,
Construction,
Nikola,
FedEx,
Sanitation,
GVW,
Maverick,
Ram,
BYD,
Autocar,
CNG,
Walmart,
Ford,
Ford Maverick,
Volvo,
Propane Source: S&P Global Mobility US commercial vehicle registration data, 2022-2023
Key Points:
- Source: S&P Global Mobility US commercial vehicle registration data, 2022-2023
Alternative fuel vehicles, electric and hybrid powertrains are popular options for light-duty commercial vehicles while compressed natural gas (CNG) and electric are becoming popular alternative options for heavy-duty commercial vehicles.
- Electric cargo vans continue to trend in last-mile delivery applications, especially with fleets such as Amazon, Walmart, Penske, and FedEx.
- There were more than 14,000 EV cargo vans registered in 2023, according to the analysis, led by substantial growth from Rivian.
- In addition, electric pickup launches expected from Chevrolet and Ram should contribute to the EV and electrified vehicle sales boom.
Retrieved on:
Tuesday, February 27, 2024
SOUTHFIELD, Mich., Feb. 27, 2024 /PRNewswire/ -- With volume for the month projected at 1.22 million units, February 2024 U.S. auto sales are estimated to translate to an estimated sales pace of 15.5 million units (seasonally adjusted annual rate: SAAR). This would be a step up from the chilly 15.0 million unit pace of January 2024 and reflective of the volatile nature of the current auto demand environment.
Key Points:
- SOUTHFIELD, Mich., Feb. 27, 2024 /PRNewswire/ -- With volume for the month projected at 1.22 million units, February 2024 U.S. auto sales are estimated to translate to an estimated sales pace of 15.5 million units (seasonally adjusted annual rate: SAAR).
- Auto sales in February should recover mildly from the January 2024 result, but sustained momentum seems tough to come by
"We expect that auto sales in February should recover mildly from the January 2024 result, but sustained momentum seems tough to come by, given the current purchase environment facing auto consumers," said Chris Hopson, principal analyst at S&P Global Mobility.
- The S&P Global Mobility US auto outlook for 2024 reflects sustained, but more moderate growth levels for light vehicle sales.
- S&P Global Mobility projects calendar-year 2024 light vehicle sales volume of 15.9 million units, a 3% increase from the 2023 tally.
Retrieved on:
Monday, February 26, 2024
Jeep® Grand Cherokee, the most awarded SUV ever, earns Automotive Loyalty Award for its ability to retain owners over repeat buying cycles
Key Points:
- Jeep® Grand Cherokee, the most awarded SUV ever, earns Automotive Loyalty Award for its ability to retain owners over repeat buying cycles
Award applies to entire Grand Cherokee lineup, including two-row Grand Cherokee, three-row Grand Cherokee L and plug-in hybrid Grand Cherokee 4xe, which delivers 56 MPGe, 25 miles all-electric range and 470-mile total range
Automotive Loyalty Awards by S&P Global Mobility are determined when a household that owns a new vehicle returns to market and acquires another of the same make, model or manufacturer
With legendary capability, class-leading space and versatility, and advanced safety features, Jeep® Grand Cherokee keeps customers coming back for more, a trend recognized by S&P Global Mobility, which has awarded the Grand Cherokee lineup with an Automotive Loyalty Award for its ability to retain owners when returning to market in 2023.
- This is the 13th time Grand Cherokee has won an S&P Global Mobility award.
- "This loyalty award from S&P Global Mobility reinforces that the expanded Grand Cherokee family addresses our customers' diverse needs now more than even, whether it be the two-row Grand Cherokee, three-row Grand Cherokee L or plug-in hybrid Grand Cherokee 4xe, which delivers 56 MPGe, 25 miles all-electric range and 470-mile total range with no range anxiety."
- The 2024 Jeep Grand Cherokee family is designed and engineered to deliver even more of what has made the Grand Cherokee a true global icon in the premium SUV segment.
Retrieved on:
Monday, February 26, 2024
General Motors,
OEM,
BEV,
Marketing,
Lincoln MKX,
Original equipment manufacturer,
ICE,
Calendar,
Loyalty,
Mitsubishi Outlander,
Nissan,
Mitsubishi Group SOUTHFIELD, Mich., Feb. 26, 2024 /PRNewswire/ -- S&P Global Mobility today announced the winners of its 28th annual Automotive Loyalty Awards, recognizing General Motors as the winner of its 'Overall Loyalty to Manufacturer' award and Tesla for 'Overall Loyalty to Make.' In a new addition to the awards for 2024, the Lincoln Nautilus was recognized in the 'Overall Loyalty to Model.' category.
Key Points:
- In a new addition to the awards for 2024, the Lincoln Nautilus was recognized in the 'Overall Loyalty to Model.'
- Tracking consumer buying activity from January-December 2023, the industry is showing continued signs of recovery, as both retail sales and loyalty increased year-over-year.
- In this year's Loyalty Awards, S&P Global Mobility added a new award to acknowledge a single model's leadership in model level retention, with the "Overall Loyalty to Model" award.
- In 2023, more than 42% of Nautilus owners returning to market for their next vehicle chose another Nautilus during calendar year 2023.
Retrieved on:
Saturday, February 3, 2024
LAS VEGAS, Feb. 3, 2024 /PRNewswire/ -- automotiveMastermind , part of S&P Global Mobility and the automotive industry's trusted data and technology provider, and Morgan Automotive Group (Morgan), one of the largest automotive dealer groups in the nation, have formed a strategic partnership where Mastermind's technology and data enrichment and Polk Automotive Solutions' data services from S&P Global Mobility will be integrated into the operations at Morgan's 73 dealerships throughout Florida.
Key Points:
- LAS VEGAS, Feb. 3, 2024 /PRNewswire/ -- automotiveMastermind , part of S&P Global Mobility and the automotive industry's trusted data and technology provider, and Morgan Automotive Group (Morgan), one of the largest automotive dealer groups in the nation, have formed a strategic partnership where Mastermind's technology and data enrichment and Polk Automotive Solutions' data services from S&P Global Mobility will be integrated into the operations at Morgan's 73 dealerships throughout Florida.
- Through this new partnership, Mastermind and Polk Automotive Solutions will serve as a data quality, enrichment and business intelligence resource for Morgan.
- "We could not be more excited for this strategic partnership with Morgan Automotive Group and we are grateful for the trust they are instilling in us as their data and technology partner," said automotiveMastermind's CEO Matt Leone.
- "The collaboration with automotiveMastermind and Morgan Automotive Group highlights the strength of the S&P Global Mobility portfolio by leveraging the mutual strength of Polk Automotive Solutions' data services and Mastermind's predictive analytics," said Joe Kyriakoza, vice president and general manager, Polk Automotive Solutions, S&P Global Mobility.
