Hyundai sets all-time record for annual retail sales in 2022 Total sales and retail sales for the fourth quarter were record highs. Total sales in the fourth quarter he increased by 29%.Retail sales increased 21% in the fourth quarter Total sales and retail sales in December are record highs Recorded retail sales for 5 consecutive months Fountain Valley, California, January Read More
Who got the chips and who didn’t: 2022 Hyundai and Kia sales near all-time highs; Honda’s sales plummeted. Written by Wolf Richter of Wolf Street. New car sales in the U.S. are bad even in good years, and terrible in bad years. In 2022, new… Source: wolfstreet.com
In October, new gasoline vehicles captured a 33.4% share of the EU market, followed closely by hybrid vehicles with a 28.6% share. … Source: Car Scoops
Customer deliveries of the Grenadier Pickup will begin in December in Europe and then expand around the world. … Source: Car Scoops
BMW has postponed its plans to implement distributor sales in the UK for at least six months, while it monitors how its rivals make the transition. Car Dealer reported in July that BMW told dealers that distributor sales would begin in 2026, but the first Mini would be next year. However, a source told Carr: Source: cardealermagazine.co.uk
In August, Ford Motor Company CEO Jim Farley took his son on a three-day road trip from Silicon Valley to Las Vegas in a Ford F-150 Lightning electric pickup truck. . Along the way, Farley interacted with Ford dealers and EV drivers and experienced the pain of slow charging at crowded charging centers. “Listening means…” he explained. Source: www.corporateknights.com
Adding the rest of the parts together, it looks like this: 11:01 a.m. ET When analyzing sales of all-electric vehicles, we often focus on volume, but more importantly, BEVs as a percentage of an automaker’s total sales. This shows how far the automaker is in its electrification efforts, aiming for 100% electric vehicles. Source: insideevs.com
The company says, “The slump in global consumer demand is having a particular impact on the EV penetration rate.” Polestar’s third-quarter results revealed difficult market conditions, forcing the company to cut its planned electric vehicle deliveries in 2023 to about 60,000 units. Formerly Polestar… Source: insideevs.com
Global plug-in vehicle registrations increased by 23% to 1,291,00 vehicles in September 2023 compared to September 2022. This is a new all-time record. In the end, plug-ins accounted for his 17% share of the total car market (BEV alone’s share was 12%). If that had happened, the market share could have been even higher… Source: cleantechnica.com
MINI, Volvo XC40, BMW 1 Series and Audi A3 all rank in the month’s top 10 bestsellers, demonstrating the importance of premium brands in the new car market in October. Even the Volkswagen Polo Supermini has moved up the rankings, highlighting the appeal of its luxury badge… Source: www.autoexpress.co.uk