S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
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S&P Global Mobility has revised its global light vehicle production forecast for 2022 and 2023, cutting it by 2.6 million units to 81.6 million and 88.5 million, respectively. The downgrade is attributed to the ongoing conflict in Ukraine and sanctions on Russia, impacting energy prices and supply chains. The North American outlook was also reduced by 480,000 units for 2022 and 549,000 units for 2023. The semiconductor supply chain remains strained due to Ukrainian neon and Russian palladium disruptions. Overall, nearly 25 million units are now removed from forecasts through 2030.
First Mortgage Default Rate Reaches Highest Level Since March 2021
On March 15, 2022, S&P Dow Jones Indices and Experian reported an increase in the S&P/Experian Consumer Credit Default Indices. The composite rate rose by 3 basis points to 0.46%, marking the third consecutive month of increases. The first mortgage default rate climbed to 0.34%, up 3 basis points. Moreover, the bank card default rate increased to 2.15%, while auto loan defaults slightly decreased to 0.52%. Notably, New York saw the biggest jump in defaults, reaching 0.64%.
S&P Dow Jones Indices reported that S&P 500 share buybacks hit a record $270.1 billion in Q4 2021, a 15.1% increase from Q3 2021. For the entire year, buybacks totaled $881.7 billion, up 69.6% from 2020. Despite a decline in the number of companies participating in buybacks, the trend remains strong with expectations of continued buybacks in Q1 2022 due to decreased share prices, potentially boosting earnings-per-share (EPS). The total shareholder return, combining buybacks and dividends, reached a record $404 billion in Q4 2021.
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Academy Sports and Outdoors (ASO) will replace Kraton (KRA) in the S&P SmallCap 600 index effective March 16, 2022. This change follows DL Chemical's acquisition of Kraton, which is expected to finalize on March 15. As a result, ASO will be added to the index while KRA will be removed. This shift highlights ASO's growing presence in the consumer discretionary sector.
automotiveMastermind, part of S&P Global Mobility, announced enhancements to its Mastermind platform aimed at boosting dealership service-to-sales operations. Key improvements include:
- Service-to-Sales Generator: Increases customer engagement and loyalty by targeting current and prospective vehicle owners.
- Dealertrack DMS Integration: Streamlines customer notifications to enhance service and sales efficiency.
- Expansion of Recall Data: Enables dealers to identify customers with open recalls, fostering retention and future sales.
These enhancements are designed to generate additional revenue opportunities amid inventory shortages.
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