US auto sales in December are expected to hit 1.45 million units, maintaining a sales pace of 16.5 million units on a seasonally adjusted annual rate, S&P Global Mobility said Thursday.
The December sales rates are expected to be the same as the previous month, bringing the Q4 average to 16.4 million units, an increase from 15.6 million units in the previous three quarters.
S&P Global Mobility said it forecasts 2025 US sales to reach 16.18 million units, a 1.2% increase from the projected 2024 total of around 16 million units.
It added that while growth is expected in 2025, uncertainties persist in the auto industry, driven by vehicle affordability, interest rates, and inflation.
On the electric vehicle front, S&P Global reported that Battery Electric Vehicle shares of sales have remained above 8% since June, with September's share at 8.6%, adding that October is expected to maintain Battery Electric Vehicle shares above 8%, with November and December seeing share advances despite lower inventory levels, as consumers anticipate the withdrawal of federal electric vehicle incentives in 2025.
S&P Global Mobility projects December's BEV share of vehicle sales to exceed 9%.
