AD #2417 – Car Sales Red Hot in Russia, BMW M8 Wins 1st Race, MPG Freeze Will Lead to Fewer EV Sales

August 20th, 2018 at 11:30am

Runtime: 7:12

0:32 MPG Freeze Will Lead to Fewer EV Sales
1:06 Car Sales Red Hot in Russia
1:40 GM Expands in Uzbekistan
2:44 Wickens Survives Wicked Crash
3:13 BMW M8 Wins 1st Race
3:38 Lucid Motors in Talks with Saudi Wealth Fund
4:41 Creating Auto Show Displays

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15 Comments to “AD #2417 – Car Sales Red Hot in Russia, BMW M8 Wins 1st Race, MPG Freeze Will Lead to Fewer EV Sales”

  1. Larry D. Says:

    Forecasts: Those who gaze in crystal balls eat broken glass, in the vast majority of cases, but today’s forecast is particularly ludicrous. It just says they will sell “400,000 FEWER” EVs. So how can you hold this forecaster accountable, even after the actual numbers of EVs sold come out eventually? Whatever they may be, the forecaster can say, with a straight face, “That’s right, we predicted it, and it was 400,000 fewer than if…”

    B.

  2. Larry D. Says:

    Russian Car Sales: The correct title is NOT that they are.. ‘red hot’ just because they went up 10% (after falling who knows how much for years), but that they are TINY, VERY TINY at less than a million for 7 months, or less than 2 million a year. Are you kidding me? Even California has more car sales than Huge Big Russia!

    On the contrary, China has already topped the US market as the biggest new car market in the world, by many millions of vehicles, and they are not the cheap junk most Russian sales are.

    (Russian Sales- 2 mill a year at best, US Sales- more than 17 mill a year, China sales, 30 mill a year.)

    AND despite the failed forecasts, these numbers will only GROW in the future. We’ll be here to check them out.

  3. Larry D. Says:

    Lucid: You are making a huge deal out of mere meetings being underway. Wait until they reach an agreement, and even then agreements can be canceled…I’d bet the Saudis do not waste their money on one of the 99 EV makers that will fail, but will invest it with the one who has succeeded. (Hint: TESLA)

  4. Kit Gerhart Says:

    Sean, does Kia build cars in Russia, or are all of their Russian sales imported?

  5. Sean McElroy Says:

    @Kit – Kia makes a number of models in Russia under contract with a automobile manufacturing company named Avtotor. From what I can find, the Picanto, Rio, Optima, Stinger, Quoris, Soul, Sportage, Sorento and Mohave are all made at the Russian facility. Avtotor also makes vehicles for BMW, GM and Hyundai.

  6. David Sprowl Says:

    @ #4… Depends if you want to call Sovakia a Russian Plant. It is one of few plants where multiple models can be built on the same line. 8 I believe.

  7. Chuck Grenci Says:

    With cars in Russia rebounding, that certainly is good news (for them); perhaps Red Hot is a little optimistic (but does get the point across and isn’t incorrect).

    And the forecast that electrics will be fewer (by what-ever number); that is just an arbitrary comment as there are so many other variables (including the said moratorium on fuel standards) that it would be impossible to link what to which. Well, at least not a specific number (of sales).

  8. Kit Gerhart Says:

    5 Thanks for the info, Sean.

  9. Kit Gerhart Says:

    The Autoforecast Solutions prediction is fewer “electrified” vehicles. I assume that includes hybrids and plug-in hybrids, as well as pure EV’s. That forecast seems quite plausible, since OEM’s won’t make as many hybrids to increase their CAFE numbers. Of course, the car companies need to plan for the future, because Trump will be gone, fuel prices could increase drastically, and buying patterns could change for other reasons.

    One change that could greatly increase sales of plug-in vehicles, would be a large decrease in battery prices. If battery prices go from the current >$200/kWh, to $50/kWh, electric commuter cars could be sold for under $20K. I suspect there would be a big market for such vehicles.

  10. Larry D. Says:

    10% would be impressive and consequential if it was for the huge US or Chinese markets, but the Russian market is a tiny less than 2 million a year market, smaller than just California, and I bet the average price is much lower than cars sold in CA, given the many low-priced Russian-made models in the sales numbers given here.

  11. Bob Wilson Says:

    EV technology continues to advance, rapidly, and Tesla has already conquered luxury sales. The smarter manufacturers are introducing their luxury EVs but late. Worse, they are pointed at where Tesla already stands.

    In contrast, Tesla is expanding their product line in new areas. Their EV semi is already shuttling between Reno and Fremont. The roadster should undercut the supercar market and the Model Y will fill the sedan void. Then there is the pickup.

  12. Kit Gerhart Says:

    Tesla is, by far, the most successful “upstart” car company since WWII in the US, and maybe in the world.

    As far as technology, EVs are mature technology, except the batteries. Anything that makes batteries drastically cheaper, or higher energy density, or ?, could change things completely, as far as EVs competing with ICEs.

  13. Kit Gerhart Says:

    In spite of the SUV craze, luxury cars still work to establish a brand. Mercedes started long ago with cars. Then, Lexus became established, and respected, with th LS400. Now, Tesla got “on the map” with the Model S that looks like a sedan, but is even better, because it’s a hatchback.

  14. Larry D. Says:

    13 I know you want to label it this way, but the Tesla S is not really a ‘hatchback’ in the sense the American Buyer understands the word, and this is why they can charge $100k for it, and not $20k, which is what buyers expect to pay for a hatch.

    The Tesla S looks less of a hatch than even the Porsche Panamera, which is its closest (in shape), yet the S can take 2 extra passengers for a total of 7. I know of no cheap or expensive hatchbacks that can do that.

    You can also call the Audi A7 and even the merc CLS (which I never thought was cute, but a ripoff) a ‘hatchback’ but buyers will not.

  15. Kit Gerhart Says:

    14 The Tesla S is a hatchback, in the same way a Panamera, Prius, current Buick Regal, A7, 4 series Grand Coupe, and VW Golf are hatchbacks. Do you not know the definition of hatchback. “Cheap” is not part of that definition.

    Yes, as I said, the Tesla S LOOKS LIKE A SEDAN, a good thing in that market segment.