EV surge juices GM, Ford, Hyundai, Kia sales as U.S. tax credit expires; Stellantis’ slide ends

U.S. light-vehicle sales are projected to increase by 4.5% to 7.5% in September, driven by robust demand for electric vehicles and strong light-truck volume, indicating positive momentum within the automotive sector.

Analysis

Projections for U.S. light-vehicle sales indicate a notable increase of 4.5% to 7.5% for September, signaling continued momentum in the automotive market. This growth is primarily attributed to two key drivers: strong consumer demand for electric vehicles (EVs) and sustained high sales volume in the light-truck category. The dual contribution from both a high-growth, technology-driven segment and a large, traditional segment suggests broad-based underlying strength. This forecast, accompanied by a moderately positive sentiment signal, points to resilient consumer spending within the automotive sector, underpinning a constructive near-term outlook for the industry.