(Reuters) – Automotive knowledge agency S&P World Mobility stated on Monday it expects U.S. mild automobile gross sales to be up 6% in November from a yr in the past.
Gentle automobile gross sales within the U.S. for the month are anticipated to rise to about 1.31 million items, from 1.23 million items final yr.
The share of battery electrical autos is anticipated to succeed in 8.7% in November, the report added.
The demand for mild automobile has elevated within the U.S., favoring reasonably priced subcompact crossovers and pickup vans as an alternative of bigger luxurious fashions within the face of financial uncertainties.
“Retail gross sales are exhibiting sustained progress in November, aided by a mixture of rising stock, the start of year-end clearance promotional exercise, and fairly probably reduction from decrease rates of interest,” stated principal analyst at S&P World Mobility Chris Hopson.
S&P World Mobility added that regardless of decrease stock ranges for electrical autos, November and December might have battery EV share advances in anticipation of Federal EV incentives being withdrawn subsequent yr.
