The Week The Global Auto Market Went Over A Cliff
Many auto companies reported 2nd quarter earnings this week and for the most part, most of the news was dismal with one notable exception.
auto industry
Automaker C-Suites Are Pondering A Big Question On EVs. Choose Humanity!
EV sales have grown strongly in recent years, and while we’ve explained that they’re still growing nicely in many places and for many companies, it’s also clear that we’re not in the period of the fastest growth for the industry. Most notably, we’ve just seen #1 BEV seller Tesla report … [continued]
Auto Execs Go Bearish On EVs (Again) — Not So Bright
Auto execs were super bearish on electric vehicles (EVs) for years. They said there was very little demand for electric vehicles and EVs would remain niche (like “2% or 3% of the market” niche). This argument was made countless times in countless venues even up through the point when Tesla … [continued]
EV Makers Are Not Losing Hundreds Of Thousands Of Dollars On Every Car Sold
There is a trend in the auto world that drives me a bit nuts. When a company comes out with a new model, it takes time — well, a certain number of sales, which take time to achieve — before all the costs that went into designing, developing, and producing … [continued]
J.D. Power: Lack of New-Vehicle Inventory Decreased Sales Satisfaction in 2022
For more than 37 years, J.D. Power has been delivering yearly consumer satisfaction reports based on consumer insights, advisory services, data, and analytics. The recently released J.D. Power 2022 U.S. Sales Satisfaction Index (SSI) Study shows that customer satisfaction with the vehicle purchase experience has declined for the first time … [continued]
Quarterly US Auto Sales Down Nearly 1 Million While Tesla Sales Up 114% In 3…
US Auto Sales: Tesla Up 97% In Q2 2022 vs. Q2 2019, Overall US Auto Sales Down 22% (942,390 Units)
Will Rising Lithium Prices Put An End to Trend Toward LFP Battery Cells for EVs?
Here’s what the EV scene looked like a few years ago, pre-COVID: the legacy automakers were slow-walking the transition to EVs, producing just enough “compliance cars” to satisfy government regulators, doing nothing to market them, and insisting that customers didn’t want them. Of course, even then everyone knew this wasn’t … [continued]
US Auto Sales Down 18% In 1st Quarter Of 2022 vs. 2019, Tesla Sales Up…
Following up on US auto sales reports for the 4th quarter of 2021 as well as the full year 2021 compared to 2020 and 2019, here is our report on US auto sales in the 1st quarter of 2021 compared to the 1st quarter of 2019 and the 1st quarter … [continued]
US Tesla Sales Up 93% In 2021 vs. 2019 While US Auto Sales Down 12%
US auto sales in 2019 were down 1.4% to 1.6% compared to 2018. That was before COVID-19 hit the United States and destroyed the US auto industry (among other things) for several months. So, when looking at 2021 US auto sales, I find it more interesting to compare to 2019 … [continued]
US Auto Sales Declined 22–23% In Q4 2021
It’s been a busy beginning of the year already, and we’ll have more to report on that shortly, but let’s first take a stroll back a few months to look at what happened in the US auto industry in the 4th quarter of 2021. To get started, looking at the … [continued]
