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Genesis is quietly outpacing luxury rivals as EV availability expands into new states

Baua Electric

The luxury Genesis brand is outpacing rivals, closing in on Porsche and Land Rover in sales as its all-electric models expand into new states. After overtaking Nissan’s Infiniti luxury brand in 2022, Genesis is aiming for more. The sportier Magma brand is designed to spread awareness and boost sales.

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Total new car sales in Europe drop 2% in July; SUV sales up 12.5%

Green Car Congress

In terms of segments, SUVs continued to grow their market share, with their registrations in July accounting for more than a quarter of the total market (25.8%). The drop in traditional segments outweighed the growth of SUVs, with large/luxury cars, city-cars and MPVs posting the biggest losses of the month. Spain grew 4.4%

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KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

Sales volumes in December were up year-over-year by more than 5% but down from November, due in part to improved supply. Elevated prices and high loan rates are putting downward pressure on sales. Truck sales were particularly strong last month, and with many trucks selling for more than $60,000, a new record was all but inevitable.

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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

Sales volumes in November were up year over year by more than 11%, but down from October. The elevated prices and high loan rates are likely putting downward pressure on sales. Strong luxury vehicle sales have been a primary reason for overall elevated new-vehicle prices. of total sales in November from 17.8% in October.

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Genesis unveils new G80 EV Magma concept teasing latest Tesla Model S Plaid rival

Baua Electric

The luxury automaker’s sales have grown in the US, its second-largest market, from 7,000 in 2016 to over 69,000 last year. With sales surging, Genesis overtook Infiniti in US sales as it closes in on luxury rivals Porsche, which sold 75,415 vehicles in the US, Land Rover (71,727), and Volvo (128,350).

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Euro Big 5 auto markets up 8.6% in April, SUVs continue to dominate; shift in segment shares

Green Car Congress

million, April produced further gains across the top five European markets with SUVs driving higher volume and counting for 24.4% While Germany, France and the UK are reaching their sales peak, further growth is expected in Italy and Spain. The appeal of SUVs continues to gain further momentum at the expense of more traditional models.

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Road Test: 2021 Cadillac XT5 Premium Luxury FWD

Clean Fleet Report

Competing in the premium midsize SUV category, the 2021 Cadillac XT5 is right in the middle of stiff competition, including models from Acura, Audi, BMW, Genesis, Infiniti, Land Rover, Lexus, Lincoln, Maserati, Mercedes-Benz, Porsche, Tesla and Volvo. Cadillac’s Midsize Contender. Ready to go head-to-head. Three Models.