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Friday, October 13, 2023

3Q23 EV Sales -- October 13, 2023

Locator: 45773EVS.

Link here.

Such incredibly poor analysis. 

I'll try to find time over the weekend (probably while watching the Dallas Cowboys game) to do my own analysis and sort this all out. Such incredibly poor analysis. 

Later, this story sent to me by a reader, link here. I was going to post a screenshot but after reading the story -- this is mostly clickbait. End of story.

I'll get back to the first story linked above, over at TipRanks.

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EV Sales -- The WSJ

Link here.


From the linked article:

The auto industry’s push to boost sales of electric vehicles is running into a cold, hard reality: buyers’ interest in these models is proving shallower than expected.
While EV sales continue to grow—rising 51% this year through September—the rate has slowed from a year earlier and unsold inventory is starting to pile up for some brands.
Some car companies, such as Ford Motor F -1.58%decrease; and Toyota Motor -2.16%decrease;  are tempering their expectations for EVs and shifting more resources into hybrids, which have been drawing consumers at a faster clip.

If these numbers continue to worsen, the longer the UAW remains on strike, the more likely Ford will pull back some of its already generous offers. 

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