The Latest SAA Newsletter

Register Today for SAA’s Automotive Outlook Conference

The SAA flagship event will look at what 2023 has in store for OEMs and suppliers and provide updates and forecasts on the North American economic outlook, sales dynamics, vehicle production, electrification and autonomous vehicles. The event will take place on February 2 at Marelli’s offices in Southfield.

CNBC’s Phil LeBeau will moderate an expert line-up of speakers representing Oxford Economics, Fitch Ratings, Wells Fargo, LMC Automotive, Plante Moran, and S&P Global Mobility.

Click here for more information and to register.

 

Jen Brace to Present Summary of Ford’s 2023 Trends Report

This webinar will examine how society is adapting – how consumers, communities and businesses alike are rewriting the rules of living, working, buying, traveling and more. Jen Brace, Ford’s Trends and Futuring Manager, will discuss consumer trends to watch and present highlights of the automaker’s annual Further with Ford Trends Report. Following Jen’s summary of the report, she will answer questions from attendees. Attendees will also receive a link to access the interactive Trends Report following the meeting.

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S&P Global Mobility Makes 2023 Light Vehicle Sales Forecast

Global new light vehicle sales will reach nearly 83.6 million units in 2023, a 5.6% increase year-over-year, according to a new forecast by S&P Global Mobility.

The auto industry continues to navigate supply chain challenges while confronted by several markets facing deteriorating economic conditions and fading pent-up demand, reports S&P Global Mobility. As semiconductor availability plays out, demand destruction is expected to take a more fundamental role in 2023, impacting production and the inventory restocking cycle.

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U.S. Light Vehicle Market Grows in December, But Totals 13.7 Million Units in 2022, the Worst Performance Since 2011

Light vehicle sales grew by 7.2% YoY in December according to preliminary estimates, to 1.28 mn units. Once again, the YoY comparison was flattered by the slump in sales a year ago during the height of the chip shortage. December rounded off a disappointing year in which a lack of inventory and eye-watering prices held back sales.

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10 Industry Predictions for 2023

The Cox Automotive Industry Insights team offers its expectations for the U.S. automotive market in 2023. By nearly all measures, 2022 was a difficult year for both the industry and the consumer, marked by historically low new-vehicle inventories, high prices, and stubborn inflation chipping away at monthly budgets. A relatively strong jobs market was a tailwind, but all the while, a hawkish Federal Reserve pushed rates higher, essentially riding the brakes as the auto industry struggled to gain momentum.

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Webinar: CES Recap with S&P Global Mobility Experts

This CES webinar focuses on how the trends of the connected car, autonomous driving, software advances, EVs and HMI are continuously creating new opportunities for the automotive and high-tech industries. Join S&P Global Mobility as its experts hash out the announcements and trends from the various events and open up discussion on what to expect for the rest of the year and beyond in automotive technology.

Click here for more information and to register.

 

Overheated Automotive M&A Cools Down in 2022

Global automotive M&A continued its pullback from a hectic 2021 deal market with a total deal value of $57 billion for 2022, down 62% from 2021. Deal volumes also fell — down 18% to about 900 deals in 2022 — but consistent with pre-pandemic deal activity levels. We expect the retreat from the first half of 2022 to continue in the second half of 2022 given the macroeconomic challenges facing the industry this year. Yet, there is confidence that deal volumes will remain at historical averages, as the financial health of the industry and transition to electric powertrains and computer-aided software engineering (CASE) assets continue to spur investment in the face of recessionary fears.

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2023 Could Be Another Difficult Year for the Auto Industry – Here’s Why

High interest rates, supply chain problems and recessionary fears were among the major challenges for the global automotive industry in 2022. Those issues aren’t expected to be resolved quickly. There’s growing concern on Wall Street that this year’s supply shortages could quickly turn into a “demand destruction” scenario just as auto production is finally ramping back up.

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The EV Revolution Became an Eventuality in 2022

It’s been a decade since the first Tesla EV made its commercial debut and the electrification of American automotive society began in earnest. Acceptance at the newfangled technology was slow at first but, over the past ten years as battery capacities have grown and range anxieties have shrunk, electric vehicles have become a daily sight in most parts of the country. Doesn’t hurt that virtually every notable automaker on the planet has jumped on the electric bandwagon with sizable investments in battery and production technologies as well as pledges to electrify their lineups within a decade or so.

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Chinese Cars Were Almost Half of New Cars Revealed in 2022

In 2022, 131 new cars were presented or launched. The count excludes rebadged models, facelifts, and concepts, but includes all production cars presented to the public worldwide. The most interesting thing about this balance is that new cars produced by Chinese manufacturers represent 47 percent of the total.

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Electrification of the Auto Supply Chain Requires New Business Case Evaluation: Suppliers Share Strategies

The transition to EVs is accelerating, with both OEMs and suppliers making significant investments. Our recent survey captured supplier opinions and strategies around customer-supplier relationships and the EV transition. Plante Moran’s Dave Andrea shares key takeaways.

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Key Predictions for the Automotive Sector in 2023

As much attention as autonomous driving and EVs get, the most obvious change will be the cockpit experience. Horsepower and streamlined exterior aesthetics, while still important, take a back seat to what goes inside the car.

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U.S. Auto Sales to Fall in 2022, GM Set to Reclaim Top Spot from Toyota

U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which weighed on Asian brands more than the Detroit giants such as General Motors Co. and Ford Motor Co. Full-year U.S. auto sales are forecast to be about 13.9 million units, down 8% from 2021 and 20% from the peak in 2016.

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Electronics Show Returns to Realism After Self-Driving Bubble Bursts

The age of adventure is being replaced by the realm of reality in the automotive displays at the annual Consumer Electronics Show in Las Vegas, once a fantastical flight of fancy that promised a Jetson’s lifestyle was just around the corner.

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Hyundai Motor, Kia Expect Auto Sales to Jump Nearly 10% in 2023

South Korea's Hyundai Motor Co. and affiliate Kia Corp. forecast on Tuesday that their combined global sales will jump nearly 10% in 2023, even as last year's sales fell short of target due to supply chain disruptions. The companies sold 6.85 million vehicles in 2022, about 4% less than their combined target of 7.16 million vehicles, largely due to problems including chip and component shortages.

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How Driveline Technologies Enhance Your Driving Experience

For a lot of people, the driving experience is much more than just getting from point A to point B. Whether it’s electric vehicles (EVs), off-road vehicles (ORVs) or muscle cars, they often require specific components for specialized driving experiences – think the quietness of EVs, driving over rocky terrains in an ORV or going from 0 to 60 mph in a muscle car. Driveline systems – which transmit torque from the engine to roadwheels – are key components to enhancing the driving experience in all these wildly different scenarios.

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Starting an ESG Program? You May Be Closer Than You Think

Is your organization considering an environmental, social, and governance (ESG) program? Whether you’re under pressure to start making disclosures or just looking to get ahead of the curve now, reaching your ESG goals may be easier than you think.

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The Changing North America Production Landscape

As billions of dollars are planned to be invested by automakers to produce battery electric vehicles (BEVs) and onshore previously imported models, we are expecting to see a vast increase in the ability of the North America region to build vehicles. As recently as 2018, North America Light Vehicle production capacity sat at nearly 21 million vehicles across 88 plants. But in just 5 years from now, those numbers are expected to balloon to over 25 million vehicles and 108 plants.

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Lack of Affordability is Top Concern for EV Adoption

A lack of affordability is the top concern U.S. consumers have when it comes to EV adoption (52%). In fact, reducing vehicle operating costs is also the top reason globally for selecting an EV, outweighing climate concerns. Further, nearly 7 in 10 of those looking to purchase an EV in the U.S. expect to pay less than $50K for their next vehicle, despite sustained upward pressure on transaction prices.

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The Impact of Developments in the Mobility Sector on D&O Insurance

The mobility ecosystem encompasses companies in electric vehicle (EV) manufacturing, mineral extraction, batteries, charging, optimization and connectivity software, data collection, and autonomous driving, among others. Significant amounts of capital are flowing into this sector, bolstered by burgeoning climate change awareness and actions such as the recent infrastructure bill and California’s proposed rule to phase out the sale of new fossil fuel cars by 2035.

These companies are also receiving increasingly frequent attention from plaintiffs, especially for de-SPAC transactions, although companies that underwent a traditional initial public offering (IPO) and mature companies are not immune. Heightened SEC attention, oversight and enforcement, as well as investor lawsuits, continue to pressure this sector from multiple angles.

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EVs and Plug-in Hybrids to Represent 81 Percent of New U.S. Vehicle Sales in 2045

In 2021, hybrid and electric vehicles accounted for 9.4% of new light vehicles sold. How many will be sold in 20 years and what percentage of the vehicle population will they account for? According to the Auto Care Association, battery electric (BEVs) and plug-in hybrid electric vehicles (PHEVs) are expected to represent 81% of new U.S. light vehicle sales in 2045 and account for 42% of U.S. vehicles in operation (VIO).

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S&P Global Mobility AutoTechInsight's Talking Heads Series: Key Themes for 2023

AutoTechInsight practice leads at S&P Global Mobility use our new Talking Heads series to find out what challenges and opportunities face their domains (Semiconductors, Autonomy, Software, Connected Car, Battery, Charging, Propulsion and Thermal) in 2023. The current year has again been dominated by the chip crisis. Overlaid on this has been the worsening macroeconomic position due to the fallout from the Russia-Ukraine conflict, which has had knock-on effects for the industry in terms of demand surety. In turn this has brought an end to the era of cheap capital, which has served to slow the burgeoning mobility start-up ecosystem. In the broader sense the sector looks set to be heading to a phase where demand-side considerations replace the current supply-side fixation.

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