EVs Stacking up on Dealer Lots

9,454 Views | 105 Replies | Last: 2 yr ago by taxpreparer
Texasclipper
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How can this be? This is the future, according to our overlords.

https://www.businessinsider.com/auto-dealerships-inventory-electric-vehicles-gas-cars-key-problems-2023-6
Ag87H2O
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Let's see. Inventory levels going up compared to ICE automobiles and manufacturers/dealers having to offer incentives and drop prices.

Maybe that should be a clue as to the demand for EVs.
Logos Stick
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It's hilarious how the article spins high inventory as a good thing.
Logos Stick
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Imo, ICE vehicles are outrageously expensive now and are about to get worse. The manufacturers will have to make up for EV production cost and losses by raising the cost of ICE vehicles. That's what's selling.
aggieforester05
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ICE vehicles are ridiculously overpriced and EVs are much more expensive, big surprise.
Definitely Not A Cop
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I have no skin in the game on this claim, but I see the opposite happening. Eventually people will say enough is enough on car prices, and we will see a drastic drop in new car prices. What happens to the used car prices is what the will be a crapshoot imo. I could see them spiking even more short term because people will be demanding a 3-4 year old Tahoe with 50K miles on it over a $70K new one.
rgag12
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You mean outside of the car/class snobs who wanted to own a Tesla to be trendy, nobody is buying into EVs? Shocked
WoMD
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Logos Stick said:

It's hilarious how the article spins high inventory as a good thing.

Well technically it is a good thing. For consumers.

For the industry otoh…
fullback44
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they can spin spin spin this all they want... once thewts stock pile grows even more it will come out. I have an interest in EVs moving however, I would never ever own one personally.
rocky the dog
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Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
Franklin Comes Alive!
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Middle class is going to have to bail out these idiots again....

It's all on purpose
WoMD
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rocky the dog said:



Can't wait to see the classic EVs in 50 years on their sixth set of $10k batteries.
P.U.T.U
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Overpriced and interested rates are crazy right now due to inflation.
2023NCAggies
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Our salesman bought new 2023 Mercedes-Benz EQS AMG

He has driven it 3 days and has been in the shop the rest of the time.

He's had it over a month
No Spin Ag
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rocky the dog said:




Preach!!
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Bird Poo
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It's a shame that comments are no longer allowed on most "news" articles.
No Spin Ag
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P.U.T.U said:

Overpriced and interested rates are crazy right now due to inflation.


This is very true.

I don't know if this has any effect, but I'm seeing two and three year old vehicles with over 30k miles selling for maybe 10k less than a brand new vehicle. That's can't be helping matters either.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Squadron7
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My neighbor has a 2007 Toyota Tacoma; two door; 4 cylinder; almost completely featureless save the A/C. Bought it for their son as his first car and have held on to it since.

He says at least twice a year someone will come to the door or leave a note on the windshield trying to buy it.
HollywoodBQ
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WoMD said:

rocky the dog said:



Can't wait to see the classic EVs in 50 years on their sixth set of $10k batteries.
Yeah, a 2012 Tesla Model S is one thing we'll never see at the Car Show at Bob's Big Boy on Friday nights in Burbank.

Or an enthusiast car club for guys who like to restore 1st Gen EVs.
HollywoodBQ
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Squadron7 said:

My neighbor has a 2007 Toyota Tacoma; two door; 4 cylinder; almost completely featureless save the A/C. Bought it for their son as his first car and have held on to it since.

He says at least twice a year someone will come to the door or leave a note on the windshield trying to buy it.
In my neighborhood, we get people driving around looking for old vehicles to buy.
My neighbor across the street has a 1965 Chevy Stepside painted in primer.
He gets about 3 unsolicited offers a month on it.
Fireman
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I wonder what it does to the life expectancy of the batteries of these cars, to sit on a lot for a year or more with limited charging or activity? Can't be good.
shiftyandquick
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People said the same thing about internal combustion cars when they were invented. Too expensive, will never catch on, etc.
Teslag
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Anyone that really wants an EV buys a Tesla.
Squadron7
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Fireman said:

I wonder what it does to the life expectancy of the batteries of these cars, to sit on a lot for a year or more with limited charging or activity? Can't be good.

That's just it! Any vehicle not moving at all helps save the planet!!!!!11!!!

Which is why these wankers are aiming for a world where only the very wealthy and party officials (but I repeat myself) are able to have cars and travel by air.
Big Al 1992
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Haven't seen this addressed - what is the resale value of EVs - is there even a market for it? Never seen or heard someone say they got a used 2019 Tesla with 40K miles.
rocky the dog
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Quote:

Yeah, a 2012 Tesla Model S is one thing we'll never see at the Car Show at Bob's Big Boy on Friday nights in Burbank.

Or an enthusiast car club for guys who like to restore 1st Gen EVs.

Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
Logos Stick
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shiftyandquick said:

People said the same thing about internal combustion cars when they were invented. Too expensive, will never catch on, etc.



ICE transition was voluntary. I have no issue if people want to buy an EV. That's not what's happening.

HTH
Squadron7
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Big Al 1992 said:

Haven't seen this addressed - what is the resale value of EVs - is there even a market for it? Never seen or heard someone say they got a used 2019 Tesla with 40K miles.

Good question.
Stat Monitor Repairman
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What happens when EV stack up on dealer lots because they all need a battery replacement?

Will the government issue another subsidy to cover the cost of battery replacement and disposal?
Urban Ag
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Squadron7 said:

Big Al 1992 said:

Haven't seen this addressed - what is the resale value of EVs - is there even a market for it? Never seen or heard someone say they got a used 2019 Tesla with 40K miles.

Good question.
I can't back this up with personal experience but I have a buddy in SA who is a surgeon and has disposable income everywhere and he is on his third Tesla. He's bought each one at about 2-3 years old and then offloads them at about 5 years on the road. He claims that is the sweet spot and that after 6-7 years they drop in resale pretty harshly. Again, that what he told me I have nothing to back it up. And yes, because of the batteries.
agracer
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Fireman said:

I wonder what it does to the life expectancy of the batteries of these cars, to sit on a lot for a year or more with limited charging or activity? Can't be good.
There are 10yr old Tesla's out there will 90+%% battery life left. The Tesla's also have smart charging/discharging systems that help maintain battery life. If you look at your smart phone when it's charging, most of them will get to 90% then slow charge from there to save the battery.

The cost savings over buying gas will also add up to way more than the battery replacement over 10-15 years. Not to mention the lower maintenance cost overall (no oil changes, fewer brake pad replacements, no timing belts, way less moving parts). Obviously everyone's situation is unique and they don't work for everyone.

FTR, not pumping electric vehicles. I believe they have their place, but the insane push by federal and local governments to make everyone own one is just another level of stupid. Where is the infrastructure going to come from? Where is all this extra electricity going to come from (CA already telling owner not to charge during the daytime)? They can be a very real and difficult to contain fire hazard. Only a handful of states have implemented higher electric vehicle fees to offset the lack of gas taxes collected to pay for roads.

EDIT TO ADD: The cost of used EV's is dropping pretty fast. Tesla's seem to have dropped 10-15% in the last year alone (some b/c Tesla dropped new prices a lot last fall).. Carvana dropped prices in Jan 2023 and sold over half their inventory in 24 hours.
BigRobSA
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Teslag said:

Anyone that really wants an EV buys a Tesla.


I would, if I were gay, but I'm not, so....


Just kidding




Not even if I was gay.





But I'm a pureblood, hate induction stoves and love actually driving the car. Anathema to your kind.
Stat Monitor Repairman
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What happens when poor and lower middle class people make another bad decision buying a high mileage EV that needs battery replacement?

Is this equitable to convince mentally malleable people to buy used EVs that will put them in further financial bind?

Is it unconscionable to use the threat of global warming to market EVs to people that cant afford EVs?
Definitely Not A Cop
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Squadron7 said:

Big Al 1992 said:

Haven't seen this addressed - what is the resale value of EVs - is there even a market for it? Never seen or heard someone say they got a used 2019 Tesla with 40K miles.

Good question.


I knew someone who worked at Tesla who resold his for same price he originally bought for with 60k miles on it buyer - buyer.

Granted I'm sure it is anecdotal because it was during the height of the supply chain issues in 21.

I'm really not sure how involved Elon decides to get in the resale market. He likes to be hands on with everything, but that is such a drastically more manpower intensive part of the industry, that I'm not sure if he will decide to start working with the dealerships eventually, or continue with the direct to consumer model.
American Hardwood
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With all these big inventories, I can't wait for the fire sale.
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