And the truth can’t be concealed forever. EV’s are dogs, people don’t want them and the true driving force behind them is government mandates.
“Genesis, the Korean luxury brand, sold only 18 of its nearly $82,000 Electrified G80 sedans in the 30 days leading up to June 29, and had 210 in stock nationwide — a 350-day supply, per Cox research.
Other luxury models, like Audi’s Q4 e-tron and Q8 e-tron and the GMC Hummer EV SUV, also have bloated inventories well above 100 days. All come with hefty price tags that make them ineligible for federal tax credits.
Imported models like the Kia EV6, Hyundai Ioniq 5 and Nissan Ariya are also stacking up — likely because they’re not eligible for tax credits either.”
When you only sell 18 cars worldwide in a month that’s not good. Look at the inventory levels.
“The once-hot Ford Mustang Mach-E now has a 117-day supply. Ford says that’s the result of ramped-up production in anticipation of stronger third-quarter sales.”
We’ll see whether those anticipated 3rd quarter sales happen. I’m betting they don’t. If you want an EV, first quarter 2024 will be the time to buy. Dealers will be having ‘fire’ sales.
https://hotair.com/david-strom/2023/...-dumps-n563901