[Martinjlm]

Originally Posted by Wyzz Kydd

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

Originally Posted by docwra

The Tesla Model Y was the best selling car globally in Q1 2023, here in the UK 16% of new cars sales are full electric. Maybe the Genesis is just shit?

Inventory is actually not that straight forward… Many of the EVs that are sitting in inventory are on the more expensive end. Hummer EV, Genesis G80 (which I think is a PHEV) actually shows 784 units in inventory. That’s 23 days supply, not 350 (chart below). The Audis are (in my opinion) way over-priced, considering what’s already available as direct competition. In the case of the Hummer, I think it’s a combination of 3 things…

1. GM is reallllly slow in rolling them out so the average sales numbers are very low, making any inventory high in terms of days on hand.
2. At the price for the only variant available (@ $111k) everybody who wants one has one. They really need to work on bringing out the lower cost variants ($70 - 90k)
3. People who recognize that the upcoming Silverado is basically the same truck only much cheaper.

Some of the other more reasonably priced EVs Wyzz Kidd mentioned are sitting on the lots because of the Inflation Reduction Act. They are all imported and don’t qualify for the incentive. Even so, the industry position for Ioniq 5 is right on industry average. Ioniq 6 is still in launch mode and I think only available in CARB compliant states. More reasonably priced EVs that qualify for the IRA incentives are flying off the lots. Bolt and Bolt EUV each have about 30 day supplies. Mach E inventory has dropped from 112 days inventory at the end of May to 83 days at the end of June, so Ford may have been telling the truth. There may also be some build ahead in preparation for a likely strike. There are other Ford nameplates that look like they are building ahead.

And then there’s Tesla. Hard to include them because they are in a class of their own wrt EV sales. As docwra stated, Model Y is the top selling vehicle in the world. Period. And now that Tesla has again dropped prices on Model 3 and Model Y the gap is likely to widen.