article thumbnail

Tesla direct to consumer sales bleed dealers of profit in California

Teslarati

A new report finds that Tesla accounted for roughly $700,000 in lost gross profit per dealer in California during 2022. It multiplied the sales numbers from these brands with the average gross profit per vehicle sold at a dealer in California. Specifically, the 193,707 D2C EV sales, of which 97.1%

Dealers 99
article thumbnail

California HVIP Innovative Small e-Fleet (ISEF) Program opens 30 Aug

Green Car Congress

Eligible participants must be privately owned or non-profit trucking companies in California with 20 or fewer trucks and less than $15 million per year in annual revenue; owner operators also qualify. Interested small fleets looking to purchase should contact a dealer from the HVIP catalog. Non-profits are exempt from the revenue cap.

Fleet 195
article thumbnail

EV sales rise in California, bucking claims of dwindling demand

Green Car Reports

Numerous automakers have claimed over the past few weeks that EV demand is dwindling, but recent California sales figures tell another story. EV sales continued to rise in the state during the third quarter of 2023, according to a quarterly report from the California New Car Dealers Association (CNCDA). of California new-car.

article thumbnail

Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

Electrek

California-based EV startup Fisker signed a new dealer in Miami and several in Europe as it fights to turn things around. After announcing massive price cuts on its Ocean electric SUV last month, Fisker looks to grow its dealer network.

Fisker 88
article thumbnail

Tesla topped Toyota in California deliveries in Q2

Green Car Reports

Tesla delivered more cars than Toyota in California in the second quarter of 2023, demonstrating the strong momentum of EVs in the largest U.S. Toyota has been the longtime best-selling brand in California, but its 67,482 registrations for Q2 were just behind Tesla's 69,212 registrations, according to a California New Car Dealers.

article thumbnail

VinFast Announces New U.S. Dealers Across Several States

The Truth About Cars

dealer network , giving it stores in several new areas and growing its footprint to 18 dealerships in seven states. With 18 stores in seven states and its corporate dealers in California, VinFast now has a surprisingly robust U.S. The company recently announced an expansion to its U.S.

Dealers 70
article thumbnail

Dealer markups of hybrids can erase ownership cost advantages

Green Car Reports

Dealer markups on hybrid cars—plug-in or not—are getting steeper, which could cancel out the decrease in ownership costs afforded by their increased fuel efficiency.

Dealers 122