Quote:
Originally Posted by Martinjlm
So what do theses brands have in common?
Ford, Toyota, Chevrolet, Honda, Nissan, Kia, and Hyundai.
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Reeling this in a bit… My point of bringing this up was to address all of the “nobody’s interested in EVs anymore; EVs are piling up on dealers lots” videos.
Instead we’ve devolved into what is or isn’t a brand.
, so I’m going to try to pull us back up to the actual discussion.
So, there’s video after video of “EVs are piling up on dealer lots”. Here’s the humorous part of that… The top selling EV brands are Tesla, Chevrolet, and Ford.
Tesla doesn’t have dealerships so where is all this “inventory” piling up? Plus, Tesla sales are up 25.4% 2023 over 2022 on a year-to-date basis. That
increase in sales has moved Tesla past Jeep, Subaru and Ram into 8th place in terms of Sales by Brand.
Chevrolet is second in EV sales. Days inventory of Bolt EV (25 days) and Bolt EUV (41 days) are actually
lower than the industry recommended 60 days supply. This indicates they are moving off the lots faster than expected.
Ford is third in EV sales. Days inventory of Mach E is ridiculously high, but sales are still close to the same as last year’s sales. In October 2022 Mach E sold 2,849 vehicles. In October 2023 Mach E sold 2,732, so 117 fewer than the year before. So why the huge inventory build? Only Ford knows for sure. Maybe they were planning on a huge spike in sales? Maybe they were preparing for a long strike? Hard to say. Ford does not split sales reporting on the different trim levels of F150, so Lightning sales and inventory are not identifiable.
But at the end of the day, other than Ford Mach E and Ford Lightning, the top selling EVs are up in sales (25% for the highest volume player) and have fast turnover from dealer inventory (Bolt EV and EUV) but videos keep saying “inventory is piling up on dealer lots”. Riiight.