Automotive Market Update 4-25-2024
Strong Sales Remain
The S&P Global Mobility US auto outlook for 2024 reflects sustained, but more moderate growth levels for light vehicle sales. Production levels are expected to continue to develop, especially early in the year as some automakers look to continue to restock in the wake of production shutdowns late in 2023 and decent December 2023 sales volume.
US. light vehicle sales tracked 15.4 million (annualized) units in the first quarter of 2024, 2.7% above the year-ago level.
North American automotive production rose 9.6% year-on-year in 2023 and is expected…..READ MORE HERE.