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Rivian (RIVN) R1S cracks top 5 best-selling EVs in Q4 just as EV leasing heats up

Baua Electric

Rivian’s R1S electric SUV was the fifth best-selling EV in the US in the fourth quarter. New data from Xperian’s State of the Automotive Finance Market Report Q4 2023 shows Rivian’s electric was the fifth best-selling EV in the US last quarter. Rivian’s electric SUV claimed 3.4% Rivian’s electric SUV claimed 3.4%

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Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

In those days, India revolved around the pulse of small cars, an automotive ethos that endured for decades, reigning supreme until 2017-18, after which tides started turning in the favour of SUVs (sports utility vehicles). What’s more, in March 2024, for the first time, the top two vehicles sold were SUVs—Tata Punch and Hyundai Creta.

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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

The preference for SUVs is growing. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%. Availability of finance is not a problem, but a large portion of customers in the used car market actually prefer to do barter deals, or complete deals through cash.” Third, the yard business for parking the cars.

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Volkswagen to rebrand used car biz, plans future investments – ET Auto

Baua Electric

Volkswagen’s market share in the Indian new car market is less than 2%, but about 30%- 35% of its sales come from exchange programs during new car buying. While it is satisfied with a presence in the fast growing SUV segment, it believes that Tiguan has done well, but it can definitely do better. That’s what we are working on.”

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Is misinformation putting the brakes on the used EV market?

My Energi

According to insight from the Society of Motor Manufacturers and Traders (SMMT), more than 30,500 second-hand battery electric vehicles (BEVs) changed hands in the second quarter of 2023, an 81.8% 1] Used plug-in hybrids (PHEVs) also grew in popularity, with sales up 11%. Will your used EV quickly become a drain on your finances?

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

—things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. —things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. million units in lost vehicle sales this year.

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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

GM Stock Chart: Yahoo Finance. On January 28 GM announced that it plans (aspires) to exclusively offer electric vehicles by 2035, ending production of its cars, trucks and SUVs with diesel- and gasoline-powered engines. What would be the estimated total GM EV sales volume per year and especially in 2025?

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