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Car dealers say they can’t sell EVs, tell Biden to slow their rollout
(arstechnica.com)
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this post was submitted on 28 Nov 2023
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If they can't sell it, then they'll lower prices and people will be able to buy them.
I doubt the profits are so hard to come up with considering the wild CEO pay and record profits everyone's bragging about.
Yeah lol... Why curb supply to artificially keep prices high? Sounds like a antitrust issue.
We can keep producing mass amounts of EV’s; we’ll just store them all in caves in middle America.
It'll be like government cheese all over again!
I’ll take some of that government EV. Maybe fill it with government cheese too while they’re at it.
EV inventory is still moving fine. Tesla is sitting on a 16 day inventory while most legacy automakers are minimum a month… on ICE vehicles. Legacy auto isn’t producing enough EVs for them to stack up. They are losing boat loads of money per EV they make and will continue doing so until they hit scale from mass production… which won’t be anytime soon since they are all pulling back on production.
Just bought an EV from a local dealer. Went in on Saturday because they had a 2 month used listing on their website for about 10k under MSRP. They told me, oh no that sold, but please check out the new cars. I entertained them and told them they'd need to bring down the price 10k to get me to sign because it's simply out of my price range. They also mentioned these things (ioniq 6) are selling extremely quickly and they only have a few on the lot.
They insisted and played games for a week, with offers OVER msrp, so I let them waste their time. They pushed me to come in, so as I was about to sign, I told them, actually, no. I need an offer 10k under MSRP or I'm leaving. At this point that was a 15k cut. They've now wasted a week of negotiation and suddenly found the used one I originally requested, but it was at their off-site lot.
We drove over there, and it was a large 5 story parking deckcompletely filled to the top. They even had cars parked in front of cars. They tried one last game and made me wait for 3 hours to get it out.
All that is to say, let the fuckers bleed. If they can't afford Christmas, maybe they need to learn what the fuck capitalism really means. If they can't afford new years, it's time to make a new resolution and if they can't afford spring break, it's time to find a new job.
That's straight up bait-and-switch! Good on you to hold them to the original advertisement.
Eventually, they'll move inventory to other dealerships (and the scrapheap), fire-sale the rest, cover their losses, and make room for new models. Dealers are amazing at colossal inventory stunts like this.