article thumbnail

US Auto Industry Down 8% Since 2019

CleanTechnica EVs

It’s time for another one of our quarterly US auto sales reports. No other media outlet compares US auto industry trends with as much history and depth as we do in these.

article thumbnail

Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

article thumbnail

Stellantis sees a drop in Q1 2024 revenue, ahead of BEV launches

Teslarati

Despite the drop, Stellantis notes that it saw sales of BEVs increase by 8 percent year over year, while light electric vehicle (LEV) deliveries jumped by 13 percent from 2023. “We are reducing inventories to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions.”

Indiana 98
article thumbnail

GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

In comparison, Electrify America has 3,503 fast chargers and 116 Level 2 chargers in the United States. General Motors and Ford hold a significant market share of the United States auto industry. While those market share numbers reflect fossil fuel and new energy vehicle sales, they are a good benchmark for the future.

America 145
article thumbnail

Was the Jeep Wrangler 4xe 2021’s 3rd Highest-Selling EV in the US?

EV Adoption

Sorry, however, we do not break out those sales numbers; that is the same as when we communicated with one another, over 2nd-quarter sales last year (the vehicles’ 1st quarter of sales). Auto Industry Analyst. Rick Deneau, Stellantis. I can’t tell you our exact number but if they beat RAV it was very narrow.

Jeep 98
article thumbnail

IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

This rate of growth is slowing as compared to the last five years due to the substantial increase in new vehicle sales. In comparison, a record high of more than 14 million vehicles were scrapped in 2012. This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005.

Scrappage 210
article thumbnail

IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

Green Car Congress

million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. The rate of growth is slowing as compared to 2008-2013 due to the recovery in new vehicle sales. In comparison, a record high of more than 14 million vehicles were scrapped in 2012.

2015 150