Black Book’s Post

#Mobility Minute with Mike Wall on Light Vehicle Production Outlook The global auto industry continues to exhibit relative strength with the overall outlook seeing a modest upgrade for the month. Vehicle production has shifted to a more traditional demand-driven model in the context of a still-elevated interest rate environment and vehicle affordability concerns, among other influences. The state of consumer demand remains a critical factor and is being monitored very closely. Beneath the topline performance, propulsion mix developments vary by region as certain markets face somewhat slower EV adoption growth rates while other areas continue to see rather encouraging results. Turning to North America, S&P Global Mobility’s latest light vehicle production outlook has been upgraded by over 200,000 units and now totals 16.0 million units for 2024 relative to 15.7 million units for 2023 to maintain ideal inventory levels as US light vehicle sales are expected to increase 2.6% to just under 16.0 million units. #AutoIndustry #VehicleProduction #MobilityTrends Ask Mike a question: https://okt.to/OmoU8V

🚗💡 S&P Global Mobility's latest light vehicle production outlook for North America shows a promising increase, with projections upgraded by over 200,000 units for 2024. This reflects a robust market adapting to demand-driven models amidst various economic factors. Keep a close eye on consumer demand and regional propulsion mix trends, as they play a crucial role in shaping the industry's future. Stay informed on the latest #VehicleProduction and #MobilityTrends with S&P Global Mobility.

Our Q2 Auto Credit Industry Insights Report revealed super prime originations and leases increased, along with interest in electric vehicles, as new inventory showed signs of recovery. Check out our infographic for more key takeaways from the report: http://transu.co/6045PW8yT #AutoIndustry #AutoFinance

As we navigate the changing tides of the auto industry, vehicle rental operators should stay informed about emerging trends that could impact their business. From the slower-than-anticipated EV adoption with challenging profit margins to the implications of the new UAW labor agreement and rising borrowing costs, these shifts could significantly influence fleet management strategies. Stay ahead of the curve by understanding these dynamics. #AutoIndustryTrends #FleetManagement #VehicleRental https://hubs.li/Q02cNLTL0

Shockwave in the Electric Car Market: Private Buyer Sales Plummet!     The electric car revolution has been charging ahead at full throttle, but recent statistics have sent shockwaves through the industry. Private buyer sales of electric vehicles (EVs) have taken a nosedive, leaving experts and enthusiasts baffled. What's behind this sudden slump, and what does it mean for the future of electric mobility?