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. One of the most substantial hurdles facing traditional automakers currently is their sales systems. The new report published by Automotive News included the sales of three top D2C carmakers, Tesla, Rivian, and Lucid.

Dealers 99
article thumbnail

Mercedes-Benz EQ models have been slow to sell, dealers report

Teslarati

Mercedes-Benz has seen the sale of its electric vehicles (EVs) increase significantly in the U.S. However, a new report shows that dealers have had difficulty keeping up with inventory levels for the automaker’s EQ lineup, with sales times for the EVs exceeding the luxury segment average. CEO of Mercedes-Benz U.S.,

Mercedes 145
article thumbnail

Ford pauses all F-150 Lightning shipments as gas deliveries begin

Teslarati

Ford has put a pause on sending out dealer shipments of the F-150 Lightning electric pickup, though the company also recently began delivering its 2024 gas versions of the truck. “We started shipping the first newly designed F-150 pickups to dealers this week,” Ford noted in a statement.

F-150 121
article thumbnail

Nissan is Readying a Slew of New Products to Boost Sales and Profitability

The Truth About Cars

Nissan sales have languished in recent times, but the automaker has a turnaround plan that leans on improved products that will debut over the next several months. Automotive News obtained information from a recent Nissan dealer meeting that includes outlines for an updated Murano, Rogue, armada, and more.

Nissan 105
article thumbnail

Dealers Finally Have EV Inventory But Now Lack Buyers

The Truth About Cars

Axios recently highlighted the issue and found that dealers have EV inventory sitting on their lots for extended periods, suggesting that supply is significantly outpacing demand. That’s twice the industry average and the opposite of gas vehicle supply, which is somewhat low at 54 days.

Dealers 98
article thumbnail

Kia is paying dealers to sell EVs – that could mean deals for buyers

Baua Electric

Photo: Kia Kia is paying its dealers up to $1,500 in flat payments for each EV sold in April, so buyers, there may be good prices to be had. Through April 30 , the Kia April 2024 Dealer Flat Cash Program will pay dealers $1,500 for every EV6 GT sold and $1,000 for every 2023 Kia EV6 sold. But what’s in it for you?

Dealers 52
article thumbnail

California made up a third of all U.S. BEV sales in 2023

Teslarati

California battery-electric vehicle (BEV) sales made up more than a third of all BEV sales in the U.S. last year, ahead of the state’s sales ban on new gas cars set for 2035. percent of BEV sales across the U.S. percent of new vehicle sales in the state, dropping off by about 7.7 percent in California.