GM is pulling back on EVs

[tripleyellowmustang]

Sound familiar? One auhors opinion.

https://autos.yahoo.com/automakers-building-evs-consumers-aren-120000382.html

“While some believe the core objections to EVs is an unwillingness to adopt change, what automakers and others in this industry are missing is the trust they’ve violated. Working with the EPA and other government agencies to twist the arms of consumers so they’re forced to buy EVs, the vicious effort to cast anyone with concerns about the headlong plunge into electrification as ‘anti-progress‘ or ‘technophobes‘ if not even worse, and the overall attitude that automotive executives know better than the people who have had to deal with their sometimes shoddy designs their entire lives has pushed many consumers over the edge. In other words, it’s the final straw, especially with automakers which have been at the forefront of this push.”

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[ice445]

I think the EV inventory piling up is more just an economic indicator and little else. For the longest time through covid, demand exceeded supply. The reverse is now occurring, and these EV models are now subject to the same forces governing most other vehicles since forever now. They do have the disadvantage of higher prices though, which will reduce demand, especially with these high interest rates. Bread and butter sales like the F-150 have also slowed by a similar amount, so its not just electric vehicles suffering either.

Still, if you look at the turn over, even though there's lot of inventory, most of it (in the Mach E's case at least) is selling by the 30 day mark. Pretty okay honestly. The biggest market laggers right now are the Ionic and the ID.4. Even Tesla is cutting prices/increasing rebates to try to move units. I do wonder if the changover to the "north american charging standard" will affect current model sales going forward while people wait.

 

[sk47]

Sound familiar? One auhors opinion.

https://autos.yahoo.com/automakers-building-evs-consumers-aren-120000382.html

“While some believe the core objections to EVs is an unwillingness to adopt change, what automakers and others in this industry are missing is the trust they’ve violated. Working with the EPA and other government agencies to twist the arms of consumers so they’re forced to buy EVs, the vicious effort to cast anyone with concerns about the headlong plunge into electrification as ‘anti-progress‘ or ‘technophobes‘ if not even worse, and the overall attitude that automotive executives know better than the people who have had to deal with their sometimes shoddy designs their entire lives has pushed many consumers over the edge. In other words, it’s the final straw, especially with automakers which have been at the forefront of this push.”

I think the EV inventory piling up is more just an economic indicator and little else. For the longest time through covid, demand exceeded supply. The reverse is now occurring, and these EV models are now subject to the same forces governing most other vehicles since forever now. They do have the disadvantage of higher prices though, which will reduce demand, especially with these high interest rates. Bread and butter sales like the F-150 have also slowed by a similar amount, so its not just electric vehicles suffering either.

Still, if you look at the turn over, even though there's lot of inventory, most of it (in the Mach E's case at least) is selling by the 30 day mark. Pretty okay honestly. The biggest market laggers right now are the Ionic and the ID.4. Even Tesla is cutting prices/increasing rebates to try to move units. I do wonder if the changover to the "north american charging standard" will affect current model sales going forward while people wait.

Hello; Two opposing views of the same phenomena. I emotionally favor the first as being "forced "into the BEV world is my biggest complaint. Had the BEV champions allowed the new style of transport to compete on it own merits, I would not complain so much.
Of course the BEV cannot win on merit so need the mandates.

 

[sk47]

Stolen Charger Cables | 2015+ S550 Mustang Forum (GT, EcoBoost, GT350, GT500, Bullitt, Mach 1) - Mustang6G.com

Hello; Saw this thread and figured the information would fit well here. Another thing to add to the cost/ inconvenience of public charging. My first thought was the cables were being stolen for the copper inside.
Another thought is they will show up on e-bay or such sites for sale. Seems many of those shoplifting in some places are selling the stolen merchandise on such sites.

 

[K4fxd]

One final point to really drive home the current state of EV sales in the United States: Cox says EVs make up about 6.5% of the market so far in 2023. That’s lower than what we saw at the close of 2022 but it’s about on par with years past. Considering how much coverage EVs receive in the media and how we’re all told either explicitly or implicitly that “everyone” is buying them, the manipulation is plain since that’s honestly a small sliver of the industry. EVs are still a niche product, period. They’re not mainstream, they never have been. If that angers you, sorry the truth hurts but it’s just that, the truth.

Images via Ford, Genesis, Kia, BMW, GM

 

[tripleyellowmustang]

I think the EV inventory piling up is more just an economic indicator and little else. For the longest time through covid, demand exceeded supply. The reverse is now occurring, and these EV models are now subject to the same forces governing most other vehicles since forever now. They do have the disadvantage of higher prices though, which will reduce demand, especially with these high interest rates. Bread and butter sales like the F-150 have also slowed by a similar amount, so its not just electric vehicles suffering either.

Still, if you look at the turn over, even though there's lot of inventory, most of it (in the Mach E's case at least) is selling by the 30 day mark. Pretty okay honestly. The biggest market laggers right now are the Ionic and the ID.4. Even Tesla is cutting prices/increasing rebates to try to move units. I do wonder if the changover to the "north american charging standard" will affect current model sales going forward while people wait.

The Mach-E seems to have inventory problems, but apparently vehicles are counted in transit. It’s difficult to tell how long they’re sitting on the lot. Saw one up close at the dealer and it is a good looking vehicle.

https://www.reuters.com/business/au...s-are-auto-industrys-new-headache-2023-07-11/

“Ford had 86 days worth of F-150 Lightnings and 113 days' worth of Mustang Mach-E electric SUVs on hand, Cox said.

Ford said Cox's figures overstate the inventories for both models. Ford sees Mach-E inventories at 83 days' supply, with more than half of the vehicles produced in transit to dealerships, said Erich Merkle, head of U.S. sales analysis.”

 

[key01]

Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000
https://www.cnbc.com/2023/07/17/for...are|com.apple.UIKit.activity.CopyToPasteboard

 

[K4fxd]

People dont want BEV's they want Teslas. But now that they are everwhere people are walking away from them too.

 

[EFI]

I think the EV inventory piling up is more just an economic indicator and little else. For the longest time through covid, demand exceeded supply. The reverse is now occurring, and these EV models are now subject to the same forces governing most other vehicles since forever now.

So how come it's only EV inventory that is piling up while ICE or hybrid cars are selling and selling well?

 

[sk47]

So how come it's only EV inventory that is piling up while ICE or hybrid cars are selling and selling well?

Hello; A more than fair question.

 

[ice445]

So how come it's only EV inventory that is piling up while ICE or hybrid cars are selling and selling well?

It's not though? F150's, escapes, even regular Mustangs are taking longer to leave lots now. Even popular models like the Bronco have seen sales slow and prices drop. CDJR dealers in particular have inventory piling up and they don't have any EV's for sale, lol. Maybe it's different in your area but that's what I'm seeing here

 

[EFI]

It's not though?

Good article to read:

https://www.axios.com/2023/07/10/unsold-electric-cars-are-piling-up-on-dealer-lots

"The nationwide supply of EVs in stock has swelled nearly 350% this year, to more than 92,000 units.

• That's a 92-day supply — roughly three months' worth of EVs, and nearly twice the industry average.
• For comparison, dealers have a relatively low 54 days' worth of gasoline-powered vehicles in inventory as they rebound from pandemic-related supply chain interruptions.
• In normal times, there's usually a 70-day supply."

Average is 70 days, ICE cars are 54 and EVs are at 92. You tell me.

 

[ice445]

Good article to read:

https://www.axios.com/2023/07/10/unsold-electric-cars-are-piling-up-on-dealer-lots

"The nationwide supply of EVs in stock has swelled nearly 350% this year, to more than 92,000 units.

• That's a 92-day supply — roughly three months' worth of EVs, and nearly twice the industry average.
• For comparison, dealers have a relatively low 54 days' worth of gasoline-powered vehicles in inventory as they rebound from pandemic-related supply chain interruptions.
• In normal times, there's usually a 70-day supply."

Average is 70 days, ICE cars are 54 and EVs are at 92. You tell me.

As much as I see what you're getting at, the article itself provided insight into why EV supply is higher, but zero as to what factors play into ICE supply. I suspect the average for ICE is on its way up towards the average of 70 days, with a few popular supply constrained models improving the average. With EV's, the article even admits a few poor performers are dragging the average up. Couple that with EV's on average being more expensive and less accessible to people without homes, AND the improved supply (Ford even admits to overproduction of Mach E models), nothing here seems that off base to me. On top of that, tesla sales data isnt even included in this.
Could it be a continuing trend of the public rejecting them? Maybe, only time will tell. But I'm still holding my opinion that economic forces have a larger impact on EV sales as a whole which is why it's playing out this way.

 

[K4fxd]

But I'm still holding my opinion that economic forces have a larger impact on EV sales as a whole which is why it's playing out this way.

I'm sticking with people wanted Teslas, now they are finding out the BEV's make good toys.

 

[sk47]

Hello; This debate as to the sales of ICE compared to BEV is sort of interesting and sad at the same time. I was trying to buy an ICE pickup for much of the last three + months. My current pickup was out of service for that time. I wanted a regular cab with an 8 foot bed and a V8. They were hard to find and generally got sold before i could even have a chance to go look at them.

The one truck i did get to try out was a 2023 F-150 in 2WD with a locking rear diff. The dealer wanted 46K and i offered 45K. He let me walk out. Turned out he was correct as the truck sold right away.

Any way my truck is now fixed so I have less pressure about getting something new. I am still looking however. My truck has 64,000 miles on it so will not wear out any time soon. The time it was down allowed me to discover what my problem was. The truck's main engine wire harness had been chewed and shorted directly under the main fuse block in the engine compartment.
I figured it was mice but did not understand what had changed as i had been parking it in the same carport for 13 years with out trouble.
After the truck was towed away I began to notice chewed walnut hulls in the carport. I had put window screen wire between the roof joists to keep birds from nesting in the soffits years ago. A squirrel had chewed thru u the light screen wire and had been storing walnuts in the soffits all last fall.
I think either the squirrel or more likely mice had gotten into my truck last spring during a cold spell after a long warm period. I suspect the walnuts and other food stuffs the squirrel had stored may have attracted the mice. Anyway my truck was down for three months.

I put up heavier metal and wire screens to keep out the squirrel but finally understood he/she was not about to give up a cozy place to spend the winter. So last week I pulled all the plywood soffits down. That leaves only the bare joists. Eve n if he/she tries to make a nest again I can now see into every thing. I pulled enough nesting material to easily fill up maybe two large trash cans. I picked out the plastic and other odd trash from the nests then threw the straw and such on the ground am mowed it into fine bits in the yard.

I also have a spray bottle of peppermint oil+ water I will keep in the carport to spray around the truck. I found a mesh bag to put some moth balls in and have that under the hood.

Hello; This is just one pile of nesting material I pulled out as I was removing the soffits. I think some or most was from previous bird nests and maybe the squirrel (s) just took advantage.

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