• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

US light vehicle sales to rise 6% in November, report says

by November 25, 2024
written by November 25, 2024

(Reuters) – Automotive data firm S&P Global Mobility said on Monday it expects U.S. light vehicle sales to be up 6% in November from a year ago.

Light vehicle sales in the U.S. for the month are expected to rise to about 1.31 million units, from 1.23 million units last year.

The share of battery electric vehicles is expected to reach 8.7% in November, the report added.

The demand for light vehicle has increased in the U.S., favoring affordable subcompact crossovers and pickup trucks instead of larger luxury models in the face of economic uncertainties.

“Retail sales are showing sustained progress in November, aided by a combination of rising inventory, the beginning of year-end clearance promotional activity, and quite possibly relief from lower interest rates,” said principal analyst at S&P Global Mobility Chris Hopson.

S&P Global Mobility added that despite lower inventory levels for electric vehicles, November and December could have battery EV share advances in anticipation of Federal EV incentives being withdrawn next year.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Analyst says BJP Maharashtra win positive for market, notes populist schemes’ role
next post
European stocks off two-week highs as energy stocks weigh

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • South Korea economy barely grew in Q4; BOK to cut rates in February – Reuters poll
    • Delta Air Lines earnings beat by $0.10, revenue topped estimates

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy