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JATO: Euro car market drops 7.9% in June; SUV demand slows; Tesla posts highest market share gain

Green Car Congress

SUV registrations totalled 556,400 units during the month, up by only 0.7% The noticeable YoY drop can be partially explained by the record month of registrations seen in Sweden in June 2018, which came ahead of a new tax hike which hit the market in July of that year. of total registrations. compared to the 552,500 units of June 2018.

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Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus. While the Model 3 starts at $31,490 after the federal tax incentive in the U.S.,

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Toyota launching redesigned Harrier (Lexus RX) in Japan; hybrid model following in January

Green Car Congress

Toyota Motor Corporation will launch the redesigned Harrier crossover SUV (Lexus RX in overseas markets) in Japan on 2 December, with a hybrid model scheduled for release on 15 January 2014. As a result, the Harrier is eligible for reduced taxes under the Japanese government’s tax system for environment-friendly vehicles.

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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

Plus, with the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles. Luxury cars at all levels were selling below MSRP in December, along with luxury compact and sub-compact SUVs. Meanwhile, vans, minivans and full-size SUVs had the lowest incentives, all less than 1% of ATP.

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Hyundai spotted testing Lucid Air and ZEEKR X hints a luxury EV is in the works

Baua Electric

According to Kelley Blue Book data, Hyundai’s IONIQ 5 electric SUV was the sixth best-selling EV in the US last year, with nearly 34,000 registrations. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Hyundai is “pulling ahead” to gain access to the $7,500 federal EV tax credit. It could be.

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Kia EV9, Genesis EV prices cut with generous $7,500 discount offer

Baua Electric

Since then, the brand has added the Electrified GV70 SUV and G80 sedan to its EV lineup. That’s more than Lexus and Lucid. The automaker introduced its first three-row electric SUV, the EV9, which landed in the US late last year. On the other hand, Kia is looking to revamp sales with a new design and branding.

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Hyundai and Ford’s EV registrations outpace the competition in March

Baua Electric

The Mustang Mach-E was the second best-selling electric SUV, behind Tesla’s Model Y. EVs built at the facility are expected to qualify for the $7,500 federal tax credit. Meanwhile, Japanese rival Nissan had 1,661 registrations for its Ariya electric SUV as it gained ground in the US.

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