ford-gm-mercedes-come-clean-on-ev-demand-weakness
- Thread starter GON
- Start date
OVERKILL
$100 Site Donor 2021
Wow, surprised by BMW's share!
All cars have slowed in sales. Interest rates suck and overall most cars are more expensive than they had been.
You’re just one of those people looking to rile people up. It’s a poor quality to have.
Some Tesla owners would call it minimalist.
That's one of my best qualities. New vehicles in general suck. If I could I would buy a brand new 2003 Chevy half ton or 2000 v8 dodge Dakota. I don't want to pay $80,000 for all plastic, poor visibility, horrible fuel mileage rolling emissions scrubber with a bunch of electric features that will go dead, become obsolete, or stop updating and become useless right as it gets payed off.
The factors that drove the rise of EV sales aren't going away. Demand for EV's may be low at this small window of time but we will never see $2 a gallon gas again. Or $4 in California. And overnight the average price of fuel could easily go up another dollar.
Or worse, thanks to certain clowns in the Mideast who just happen to be lucky enough to be born on top of oceans of oil and ideologues in our own government to decide not to allow energy independence, we could see a situation like in the 1970's with gas shortages and rationing again. Those automakers who are scaling back EV production right now because they have no other choice are going to be losers when that demand curve goes vertical.
Or worse, thanks to certain clowns in the Mideast who just happen to be lucky enough to be born on top of oceans of oil and ideologues in our own government to decide not to allow energy independence, we could see a situation like in the 1970's with gas shortages and rationing again. Those automakers who are scaling back EV production right now because they have no other choice are going to be losers when that demand curve goes vertical.
$2 gas? Really? inflation from the 1970s says it should be more. The cost of an EV blows away the cost of gasoline in inflation numbers for vehicles.
Much of the cost of gas is state and local taxes as well as taxes some states place on the oil companies and refining industry themselves. All one has to do is look at prices in low tax energy friendly states.
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Some of todays news is calling the EV the next Edsel as demand slacks, production cutbacks ___
Not that I am a media believer and think EVs have their place, I always said they will never take over the USA market and I mean never take it over unless something new comes along besides a batter operated EV.
Im not a big media person, but the tide IS starting to change as they all scramble to "cover" themselves from their wild predictions that battery powered cars will overtake the ICE
https://www.foxbusiness.com/markets/ev-market-next-big-flop-economist
Not that I am a media believer and think EVs have their place, I always said they will never take over the USA market and I mean never take it over unless something new comes along besides a batter operated EV.
Im not so sure. The "overall most cars" is a poor statement, nothing comes close to the inflated cost of an EV.
Im not a big media person, but the tide IS starting to change as they all scramble to "cover" themselves from their wild predictions that battery powered cars will overtake the ICE
https://www.foxbusiness.com/markets/ev-market-next-big-flop-economist
HUH? "All cars have slowed in sales"? "Rile people up"? Here are the facts.
GM Sales Notes – U.S. – Q3 2023
- Total GM sales during Q3 2023 increased 21.4 percent to 674,336 units
- GM retail sales up 16 percent and GM Envolve (fleet) up 47 percent in the quarter
- GM EV sales increase 28 percent compared to second quarter
- GM is expanding truck leadership in Q3, as the number one in full-size pickups with best year-to-date sales since 2007
- The company is the new leader in affordable, small utilities
- Chevrolet and Buick combined small crossovers retail share is No. 1 in segment and highest ever at 44 percent, with 103,479 total deliveries in the third quarter
- Chevrolet had its best third quarter and year-to-date sales since 2019
- GMC had its best year-to-date sales since 2005
- Buick is the fastest-growing mainstream brand in the industry on a year-over-year basis, with year-to-date sales up 63 percent
- Cadillac records 16 consecutive months of year-over-year sales growth, and best third quarter and year-to-date sales since 2019
- GM ended the third quarter with 442,586 vehicles in inventory, its best quarterly finish since the third quarter of 2020
https://gmauthority.com/blog/2023/10/gm-sales-figures-numbers-results-united-states-q3-2023/
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GON
$150 Site Donor 2025
How do those number compare to same quarter 2019? Comparing numbers during a supplier/parts shortage doesn't weigh so much. I would also ask that fleet sales be separate from retail sales in those numbers. Maybe the same outcome, maybe not.
Who cares? My reply directly addresses who I quoted and the reasons that they mention. I could care less than cherry picking data that have nothing to do with today 2023 3rd quarter results that are blamed as being bad because high interest rates to justify Teslas lack of performance when GM is off the scales good.
That junk Buick Envista is everywhere. About time Buick had a hit I guess. All I get from this is GM is finally showing growth because they finally have some cars. I don't see any Ford or Dodge in there. Funny thing is the Ford lot is finally flooded here, but they're all $60k+ trucks which seems a bit much for this area. Aren't overall sales still down for the whole market? As in how everyone says "EVs just aren't it" but Tesla is taking over segments in some areas on the Model Y? Sounds like GM finally has some cars for their buyers.
You must be a GM evangelist.
I really mean that in jest. I can't find any other sales numbers that shows anyone else up and it looks like the overall market has retracted a bit which was my comment. You could have one company absolutely kill it and everyone else be down more than they're up and the market shows a net negative.All I meant by rile people up is his horrible attitude and tone.
Well, if you re-read my response you said "All cars have slowed in sales." that hasn't happened to GMThat junk Buick Envista is everywhere. About time Buick had a hit I guess. All I get from this is GM is finally showing growth because they finally have some cars. I don't see any Ford or Dodge in there. Funny thing is the Ford lot is finally flooded here, but they're all $60k+ trucks which seems a bit much for this area. Aren't overall sales still down for the whole market? As in how everyone says "EVs just aren't it" but Tesla is taking over segments in some areas on the Model Y? Sounds like GM finally has some cars for their buyers.
You must be a GM evangelist.
All I meant by rile people up is his horrible attitude and tone.
The only reason for my response, nothing more.
Since you mention Tesla taking over segments, time will tell, Tesla 3rd quarter was down 7% GM up 28% ... One might wonder about the EV segment that Tesla is losing to.
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Sorry my choice of words said something slightly different than what I meant. I would like to think it was people learning financial responsibility, but it's likely just inflation damaging buying power and GM actually released a couple cheaper vehicles. Who knew selling a $23k crossover would actually get people into Buick showrooms? I would have never thought I'd see it these days. Buick did what Ford hoped would happen with their last abysmal Escape refresh.
Sometimes we ignore the income levels of the majority of the country AND not only that but those responsible to live within their means and not take out giant loans on a depreciating asset. Meaning I don want to discount wealthy people buying less expensive cars, many wealthy people consider a car to get from A to B . ... (though not in BITOG)
Honestly between a 2024 or 2025 for a second car that does nothing more than sit at our house almost everyday of the week except when my wife might run to a local store or even I take the car for a short run instead of my SUV or my Harley Road King.
A Chevy Bolt with taxpayer money might be a good choice OR what I consider an incredible deal and sales are through the roof is the GM Trax.
https://gmauthority.com/blog/2023/04/here-is-gms-expected-2024-chevy-trax-sales-mix/
I actually love the look of the green one. Im really not loyal to anyone (wife has a Mazda) but I always find value in many GM products and until they do me wrong why not? I have a 3 row Traverse SUV that is a 2017 with 65k miles, never ever been in for a repair on top of that, it was a bargain in its class with a factory tow package that tows 5,100 lbs, perfect for our boat. Which is only local towing though we did tow it from our last home in another state back in March 2023. 80 MPH interstate for a good part of the trip, effortlessly.
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The Trax still sells. They just made a new one and I'm seeing them as what people are buying instead of the Blazer. This is proof that the average car is way too expensive.
This is reflected in pretty much every automakers loss in margin.
Tesla lowered prices and paid the margin hit.
GM though selling 21% more vehicles only bumped top line 5.4% and made 12.7% less money so thats telling.
If GM and Ford could get the channel to play ball they'd have a lot better chance at success.
An extra 5-10K really kills their momentum.
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