Ford maintains its spot as America’s second-best-selling EV maker after tripling electric vehicle sales, Porsche claims $300 million.Inventory held from Florida dealership, and post-pandemic public transportation is resuming in the United States. All this and more Morning shift for wednesday October 5 2022.
1st Gear: Ford EV Sales Triple in September
It’s sales figures season once again and then Tesla published the results it was not as expected and GM sold more cars last quarter, now it’s Ford’s turn to share his secrets. And it’s a mixed bag for the Blue Oval, whom Bloomberg reports EV sales tripled for Ford, but overall, fewer cars changed hands compared to the same period last year.
Ford reported sales of electric vehicles, including Mustang Mach-E, Ford F-150 Lightning and E-Transit van It rose 197 percent in September after moving 4,691 units. This made up 3 percent of the company’s sales during the month, which decreased by 8.9 percent compared to the same period last year. Bloomberg informs:
According to the latest results, Ford is ahead of GM in the electric car race. The Mustang Mach-E sold more than 28,000 as of Sept. 30, beating the Chevy Bolt and a handful of Hummer and Cadillac EVs by about 5,000 this year. Add in the 8,760 electric Lightning pickups Ford has sold since June, and the automaker is second in the EV race, behind market leader Tesla Inc.
Ford’s gasoline-electric hybrid models, led by the F-150 hybrid and the Maverick compact pickup, are also in high demand, with the manufacturer’s hybrid sales up 22.6% so far this year. Ford said it received 86,000 orders for the Maverick last month when its order banks were open for just one week and it sold the new truck for the 2023 model year.
Despite the difficulties in September, Bloomberg Ford reports a 16 percent increase in sales in the third quarter of 2022. He added that during that time, inventory of Ford’s new Lightning electric truck “remains on dealer lots for an average of just eight days” before being shipped to a new buyer.
Lightning sales will follow in the coming months, as has recently been the case with Ford raised the price of an electric truck Up to $8,500.
2nd Gear: Porsche sued by dealer for ‘Inventory Withholding’
The more I read about car dealers in the US, it looks like an even more elaborate scam that you kind of have to go along with it. But now, all the splash has become too much for the Florida Porsche dealer, who is suing the German automaker for $300 million.
according to Automotive NewsThe collection in Coral Gables, Florida is asking $300 million for the PorscheThe German company claims it is “holding inventory” because the “dealership is not building a new standalone store.” Automotive News informs:
The Collection, a Coral Gables, Fla.-based multibrand, alleges that Porsche violated the state’s dealer franchise law by restricting the allocation of “pool cars” after the retailer refused to build an exclusive brand store.
Porsche said pool cars, which typically make up more than 20 percent of available inventory, are assigned to dealers at the plant’s discretion. To be eligible, dealers must operate exclusive Porsche stores and meet facility design standards, the company said.
Miami attorney Sean Burstyn, who represents The Collection, said Florida franchise law prohibits an automaker from requiring dealers to create exclusive facilities.
Collection Porsche, Ferrari, and Aston Martin Florida dealership and has so far declined to open a standalone Porsche store.
Whom, Automotive News reports that it would be “unfair” to offer a Florida dealer access to prizes like pool cars, a Porsche insider said, after nearly 200 other dealers followed suit and built separate Porsche dealerships.
3rd Gear: US talks with South Korea on EV rebates continue
After the Inflation Relief Act became law in August, you might have thought the saga of the EV tax cuts was coming to an end. But the provisions in the law It opened another can of worms about where vehicles must be built to qualify for tax credits of up to $7,500.
According to the new law, electric vehicles must be assembled in the United States tax relief and future regulation may also add provisions for the purchase of the battery. According to these strict new rules, only 20 cars are eligible for tax credits. The American-centric legislation has angered automakers such as Hyundai and South Korea’s Kia, both of which have recently introduced very attractive EV offerings to the market.
After expressing fears that the new tax breaks would hit their country’s carmakers, This is reported by Reuters South Korean President Yoon Suk-Yeol asked for amendments to the decision. Reuters reports:
An official in Yoon’s office said Wednesday that President Joe Biden is willing to continue talks with South Korea over US legislation that denies subsidies to most foreign companies that make electric vehicles (EVs).
Biden made the reassurance in a letter to South Korean President Yoon Suk-yeol, who asked the US president for help last month to address Seoul’s concerns that new US regulations would hurt South Korean automakers.
4th Gear: Sixt buys 100,000 EVs from BYD
Hertz announced this after the rental Added more than 100,000 Teslas to the fleet, then 65,000 Polestar EV and finally 175,000 GM electric vehicles For its fleet, it seemed only a matter of time before other rental companies jumped on the electric bandwagon.
now, Automotive News reports Sixt is set to buy 100,000 electric cars from Chinese carmaker BYD to roll out to its European rental fleet in the coming years. according to Automotive News:
Sixt will purchase approximately 100,000 electric vehicles from China’s BYD within the framework of the partnership agreement signed between the two companies.
Under the first phase of the agreement, Sixt will order several thousand fully electric vehicles from BYD, the first of which will be delivered to Sixt customers in Europe in the fourth quarter, the German car rental company said in a statement.
Sixt later agreed to buy about 100,000 more EVs through 2028, the rental company added.
The the first BYD cars It is expected to reach Sixt fleets in France, Germany, the Netherlands and the UK. The first model that Sixt will offer will be the electric compact crossover BYD Atto.
5th Gear: US public transportation is almost back on the road
Two years ago, public transport was in dire straits, with ridership plummeting as people were told to stay home and avoid crowded places to reduce the spread of Covid-19. But now it’s a different story The number of passengers on mass transit here in the United States. is on the rise again.
According to Intelligent Transport, the latest American Public Transportation Association Ridership Trends Dashboard found that back-to-office and back-to-school are driving public transit ridership. In fact, the report found that passenger numbers are now “more than 70 percent of pre-pandemic levels.” Intelligent Transport reports:
The Covid-19 pandemic has had an immediate and significant impact on passengers on public transport. The drop in ridership coincided with emergency stay-at-home orders in many cities and states across the country in mid-March 2020.
Driving has dropped to 10 to 40 percent of pre-pandemic levels in many cities. After falling to 20 percent of pre-pandemic levels in April 2020, ridership has recovered to more than 70 percent of pre-pandemic levels. This increase in ridership reflects transit agencies adapting to the rapidly changing needs of their communities while providing safe, reliable service.
There are still ways to get things back to the way they were. But, perhaps with some investment in the mass transit offering in the US, ridership could jump to 2019 levels.
Reverse: F1 Is Still Learning From His Mistakes
Neutral: What should Ford electrify next?
Ford has some pretty cool EVs on the market right now, a pickup truck, an SUV, and a pretty cool panel van. So what would you like to see electrified next? Do you want it to test its power in an EV hatchback or sedan? How about a proper electric muscle car or even a Bronco EV?