Electric Cars Are Oversupplied At Some Dealerships

10 Jul 2023 | Abstracted from Market Watch

"At the end of the second quarter...car dealers nationwide had, on average, 51 days’ worth of new cars to sell. But they had 92 days' worth of EVs...Virtually every automaker now has at least one EV for sale...The vehicles are concentrated in certain parts of the country...Sierra Club found that two-thirds of dealerships had no electric vehicles or partially-electric plug-in hybrid...More than half of 1,024 shoppers...said EVs are the future."

ADDITIONAL RELATED NEWS LINKS

• More Than 7,000 Dealers Registered To Offer Point-Of-Sale EV Tax Credits Next Year


• Electric Vehicle Roadblock: Dealerships Struggle To Keep Pace With the EV Revolution


• I Sold Electric Cars For More Than A Decade. I'm Frustrated That Some Dealers Still Don't Have The Right Approach.


• 'Collecting Dust?' Car Dealerships Reporting Prolonged Shelf-Life For EVs


• State Supreme Court Overturns Judge's Ruling Prohibiting Tesla Dealership in Delaware


• Acura Will Sell Electric Cars Strictly Online


• EV Company Lucid Opens Studio In Plano Despite Texas' Idiotic Laws


• BYD Continues Global Expansion, Announcing EV Deliveries Coming to Germany and Sweden in Q4


• GM Threatens Action Against Any Dealerships Attempting Markups On Upcoming EVs


• Are Car Dealerships Up to the Challenge of Selling Electric Vehicles?