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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.

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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

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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.

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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.”

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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.

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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.

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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. But now that is expected to change course, as EV sales are projected to drop – by 14% – for the first time in eight years. For comparison, the US produced 1.1 FTC: We use income earning auto affiliate links.

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