AD #3317 – U.S. EV Market Share Up 104%; VW Developing Ranger-Based EV; U.S. Sales Suffer Double Digit Drop

May 4th, 2022 at 11:58am

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Listen to “AD #3317 – U.S. EV Market Share Up 104%; VW Developing Ranger-Based EV; U.S. Sales Suffer Double Digit Drop” on Spreaker.

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Runtime: 10:39

0:08 U.S. Sales Suffer Double Digit Drop
1:24 U.S. EV Market Share Up 104%
4:00 Aston Martin Gets New CEO – Again
4:44 Kia Soul Gets Update, Loses X-Line Trim
5:38 GMC Adds Upscale to the Upscale
6:36 Cadillac Leaks More Lyriq Specs
8:06 Battery Startups Love Washington State
8:56 Bridgestone Develops Tires for EV Buses
9:26 Ford & VW Developing Electric Ranger Pickup

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33 Comments to “AD #3317 – U.S. EV Market Share Up 104%; VW Developing Ranger-Based EV; U.S. Sales Suffer Double Digit Drop”

  1. Kit Gerhart Says:

    Are car sales down because inventory is piling up at dealers like in the pre-covid days, or because production is down because of supply chain issues?

  2. Albemarle Says:

    1. You’re looking at it all wrong. Car sales aren’t down, the EV market is doing fine. It’s yesterday’s technology that’s under the gun, like CRT televisions. Many will now reply that they have 4 CRT televisions, have had them since the early ’80s and they outperform anything you can get today.

    Good to stir it up…

    : )

  3. John McElroy Says:

    #1. Kit, we’ll get the latest inventory numbers tomorrow, but all the signs say that inventory is still in short supply.

  4. John McElroy Says:

    #2. Don’t forget that OEMs are giving EVs priority over ICE vehicles to get chips.

  5. Kit Gerhart Says:

    #3. Thanks. It will be interesting.

  6. Lambo2015 Says:

    Battery start ups likely are looking into Washington State because of it proximity to California without paying the crazy taxes and property values. Not to mention Washington doesn’t have income tax. Businesses do have a B&O tax though. Just a guess.

  7. Wim van Acker Says:

    @1 I may be mistaken, but it is my understanding that car sales are counted from OEM to dealers, so if inventory is piling up sales should be rather up than down. Experts (I believe GM Veteran has good knowledge of the sales model, and the Autoline Team of course), please help us understand this.

  8. Wim van Acker Says:

    @Autoline Team: “I hate to be that guy”, but I am still curious to any reply you could give: yesterday I asked about the top 10 selling brands in China. Thee top ten you showed added up to 10 million vehicles on an annual basis while I believe the total Chinese market is three times that volume.

    Any thoughts?

  9. Alex Carazan Says:

    EV’s: Gasoline at record high prices and over $6 a gallon in California thanks to Biden admin anti-oil policies. Many EV nameplates are out there now for sale and yet 95% of Americans purchase an ICE vehicle! Why? Because EV’s cause HUGE value issues for consumers: High price (just getting worse as cost for earth minerals for big battery packs has skyrocketed), low range on a charge, long charge times (note they always share charge time to 80% charge – why? Because charge time from 80% to 100% range is so damn slow!), little charge availability, high cost for higher speed DC chargers, dealing with charge cord daily, large range reductions due to running HVAC system in colder or warming climates, huge range reduction when towing your boat or camper trailer, long trips are not practical, charge locations are out of your way, electricity bill increase, electricity is generated by those dirty fossil fuels, and minerals mining for batteries has huge human rights abuses let alone large ownership on mines by China’s CCP.

    But hey, who cares about the consumer? If we don’t switch to EV’s all the artic ice will melt and all the coastal land will be under water! Right? In the meantime, why are so many top Executives and Politicians that are pushing global warming climate change fear flying in private jets that spew huge amounts of CO2 and own ocean front mansions? Answer: follow the $$$ – stay tuned….will the truth be revealed soon?

  10. cozy cole Says:

    Hello, Just at my Mazda dealer this am for a service. spent time walking the lot. they sell VW and Mazda there. There were less than 25 new cars there!!! I did see a CX-50. not for sale just to look at.

  11. Wim van Acker Says:

    @9 thank you for letting us know. This is very helpful information :-)

  12. XA351GT Says:

    Sales are going to be down for numerous reasons, Low inventory , ridiculous mark ups on available models , out of control inflation, Cost of goods vs.income completely upside down. Here in SE PA we $4.50 gas and $6.00 diesel, What did many manufacturers do? They got rid of smaller cars in favor of large barges that A. cost too much and eat too much in fuel, B. People either can’t afford or won’t go electric and all the issues that come with it for the average person.

  13. Kit Gerhart Says:

    8 Doesn’t China have dozens, or maybe hundreds of car companies like the US did in the 1920s?

  14. Wim van Acker Says:

    @8 yes, maybe they do

  15. Wim van Acker Says:

    @12 yes, maybe they do, Kit, but I don’t know.

  16. Kit Gerhart Says:

    13,14 I don’t know either, but I’d heard that they did.

    When I was in Shanghai in 1992, most of the cars were VW Santana taxis, or at least in seemed that way. I think they were, basically, B2 Passats, called Quantum in the US market.

  17. ArtG Says:

    WRT inventory, it seems that varies by brand, at least around here. My friend’s son was looking to turn his Acura MDX at the end of the lease and get a new one. They had 1 in the showroom and told him he could have it at $11G over MSRP. He bought
    the old one.

    OTOH, my SIL is picking up a newly leased Ford Edge today.

  18. Kit Gerhart Says:

    16 Buying end-of-lease vehicles should be a bargain, because the resididual calculated at the start of the lease would have been pre-covid, pre chip shortage.

  19. GM Veteran Says:

    I can guarantee you that sales are not down because of swelling inventories at dealerships or because of the over-sticker markups some dealers are charging. It is all due to low inventory and severely reduced production that will keep inventories low for many months to come. I read yesterday that US Honda dealers have a days supply less than 10 days on a regular basis now. The domestic brands may be a little better than that but not much.

    One of the largest Ford dealers in the country is about two miles from my house. He is using less than a third of his lot space to house all of his new and used inventory!

  20. motorman Says:

    # 17 i brought out my leased 2018 silverado over a year ago and it is worth $10K more today than i paid.

  21. Kit Gerhart Says:

    18 The only dealers near me are Lincoln/JLR and Tesla. Tesla has little inventory, but Lincoln/JLR has some. I’ll stop by and see what the inventory is. All of those CUVs look alike when driving by.

    All of the “mainstream” dealers moved away, to near I-95. I guess people must get off the interstate to buy cars, when driving between Miami and Jacksonville. That must be why they moved from where people live.

  22. Kit Gerhart Says:

    19 I’m not surprised.

  23. Sean Wagner Says:

    Next up: a resurgence of the station wagon complete with retro woodie looks. Kit will be ecstatic!

    Hummer – cars in general have added lots of mass. I looked up the curb weights of the defunct H2 (big V8) and H3 (anemic five): 6,400-6,600 lb & 4,600-4,900 lb. Both used to also be assembled in Kaliningrad!

  24. Sean Wagner Says:

    It seems the H3 came with a V8 too, I guess towards the end of production. I wasn’t aware of the version.

  25. Mark Garnett Says:

    AL continues to hang on to its “we are not really convinced” live about EVs. Pretty much anyone who has owned one is convinced they will go to 100% of the fleet. The only question is supply not keeping up with demand.
    Forget the environmental benefits for a moment, an EV is a better owner experience, probably something lost on auto journalists who get free loan cars and rarely have to buy, service or maintain their own vehicles.
    It’s not just the smoothness, quietness, reliability and “always full” each morning, they have the potential to remove the middleman dealer (certainly outside of US), which is another big winner.
    Americans are the most resistant to EVs largely because they have drunk the big oil line that combustion is better, it’s not better in any regard and certainly not cost, performance or availability. EVs are happening, the world loves them, the only question is will US trad auto have any relevance in the future? My prediction; no. Thanks to unions who are worried about less labour content (just make 2 with the same amount of labour) and positions who are driven by the back handlers they get to slow things down.
    Ironically the doubters typically shout; they are big ugly, the batteries don’t last and they catch on fire. But those are features of EVs from trad auto, not the new upstarts!

  26. Sean Wagner Says:

    Regarding (US) sources of electricity, two interesting diagrams:

    Renewable generation surpassed nuclear in the U.S. electric power sector in 2021
    https://www.eia.gov/todayinenergy/detail.php?id=52178

    tl;dr – About two fifths of US electricity production now greenhouse gas free. Impressive.

    About 20% of U.S. electric power generating capacity can operate on multiple fuels
    https://www.eia.gov/todayinenergy/detail.php?id=52298

  27. XA351GT Says:

    24 The problem is not everyone can either afford one or have a place to charge it at home. Which is where most people will wan to charge from. For example how will people with on street parking charge them . They should be looked at as a supplement to not a replacement for ICE. There are certain instances where they just will not work . To try and force everyone into that box is misguided.At some point and it already exists where the number of cars out number the available public chargers it is not feasible to wait for hours to be able to even hook up to start charging.

  28. Kit Gerhart Says:

    22 I’d pass on the woodie treatment.

  29. motorman Says:

    #25 it is like the anti virus jab everyone must obey per the commander in charge even if it does not prevent you from getting the virus.

  30. Kit Gerhart Says:

    24 You say “an EV is a better owner experience,” and “it’s (combustion) not better in any regard.”

    An EV would not be a better owner experience for me, having to drive miles, and wait 30-45 minutes to get 250-300 miles of driving. Meanwhile, with an ICE car, I can get 400-550 miles of driving in 5 minutes, while on the way to someplace I’m going anyway. Then, there’s the 1100 mile highway trip I make twice a year. An EV would add hours to the trip.

    IF I had home charging, an EV would work well for most of my driving, but I don’t have home charging, and at this time, there is no way I can get home charging.

  31. Lambo2015 Says:

    24 I think your way off in the reasons Americans are not accepting EVs with open arms. Has nothing to do with drinking big oil myth that combustion is better. Whatever that means. As I don’t really see any effort on big oils part to deter people from EVs. Other than Gas is cheaper than in most of the world. Unions are not against them even though they do have less labor content but right now its creating more jobs as manufacturers have to build both products.
    The reasons Americans are reluctant is 1)We drive much larger vehicles in the US than most other countries and travel much further on an annual basis (about 15k). In the UK they drive about 8k a year. Some states like Wyoming they average 24K a year. https://www.kbb.com/car-advice/average-miles-driven-per-year/
    2) Gas is relatively cheap. 3)I don’t know for sure but I would guess Americans tow a lot more than other countries which is not something EVs are ideal for with an already reduced range and time to recharge.
    4)As for the fires and batteries not lasting, the only stories I’ve seen of fires have been the Chevy Bolt and Tesla’s. So absolutely an upstart. However I would expect to see more stories on Tesla simply because they have the most EVs out there.

    The real problem Americans have is they cost significantly more and offer less. Less convenient, Less range, and battery longevity is still an unknown as to how that affects long term value. In the coming years the fate of the batteries will be made very apparent and either help or hinder peoples decision.
    But I doubt much of what you listed has anything to do with why the US hasn’t accepted EVs as quickly as other countries.

  32. Kit Gerhart Says:

    29 I suspect a lot more Europeans than Americans tow, because they tow trailers with their cars when they occasionally need to move something, rather than driving a monster truck all the time, so they can occasionally move something. Also, years ago, I saw a lot of people in the UK towing small caravans, British for travel trailer, with their small cars. There may be less of that now. In any case, EVs would not be well suited for towing long distance, because of the loss of range, unless there are extra batteries in the trailer, to enable a day’s driving on a charge.

  33. Kit Gerhart Says:

    29 Wyoming’s 24K miles a year is an average of ~66 miles a day, so EVs would work fine for most people there, who could charge at home. Just plug it in overnight every few days.

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