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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. But simultaneously, luxury German automakers have mysteriously not seen the same rapid declines in stock prices, some (Porsche) even increasing in value over the same timeframe.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Volkswagen had just around 145,000 sales. automaker’s lineup-wide price cuts made throughout this year.

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New: EVAdoption Quarterly US Electric Vehicle (EV) Sales Scoreboard

EV Adoption

We are excited to announce the launch of the new EVAdoption Quarterly US Electric Vehicle Sales Scoreboard, beginning with sales data from Q3 of 2021. At launch, the Sales Scoreboard will only track sales of the 13 EVs for which sales are publicly reported by the OEMs.

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April 2023 – Good month for Volkswagen in the UK

Push EVs

share of sales in April 2023, up from 16.2% Overall auto volume was 132,990 units, up 11.6% The Model Y, however, remains the year-to-date best selling BEV in the UK (and 7th overall), with 11,503 sales. It’s still one of the worst outlooks, globally. The UK car market saw plugin electric vehicles take 21.9% year on year.

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Auto Alliance urges EPA to withdraw premature Final Determination on light-duty GHG regulations, resume Midterm Evaluation process with NHTSA

Green Car Congress

This request by the Alliance echoes a similar, earlier request by Global Automakers, the trade association representing the US divisions of 12 international automakers (Aston Martin, Ferrari, Honda, Hyundai, Isuzu, Kia, Maserati, McLaren, Nissan, Subaru, Suzuki and Toyota). Earlier post.). Background.

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EVs dominated the UK car market in December

Push EVs

The UK’s auto market saw plugin electric vehicles take 39.4% share of new sales in December, a new record, up from 33.2% Overall auto volumes were up 18% year on year in December, but still down compared to pre-2020 norms. In terms of volumes , December saw BEVs grow 1.53x from a year ago, to 42,284 sales. year on year.

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2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs

Charged EVs

The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. 4 are already on sale. It’s the first of 23 new battery-electric vehicles the company plans to launch by 2025, under three brands, and they’re targeting total global sales of a million EVs by the end of that year. A carmaker to watch.

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