According to a report, electric vehicles sales are so low that dealerships cant give the overly expensive things away.
The info comes from leading auto-dealer data company Cox Automotive finds that EVs are piling up at dealerships all across the country as new car buyers have already fallen out of love with useless EVs.
Per the Epoch Times:
In second quarter 2023, the average inventory for electric vehicles (EVs) topped more than 92,000 units on the ground at dealer lots, according to the 2023 Cox Automotive Mid-Year Review presentation. This is up 342 percent compared to second quarter 2022. During this period, the new “EV days’ supply,” which refers to the average number of days a warehouse holds inventory before selling it, rose 166 percent, to 92 days from 38.5 days. While the pace of EV sales is up, it is “not rising as fast as inventory builds,” said Jonathan Gregory, senior manager, Economic and Industry Insights.
Original equipment manufacturers (OEMs) are facing a “field of dreams moment,” he stated. “They have built inventory, and now they wait for buyers to come. This is one of the hottest topics we’ve had this year.”
Brands like Jaguar, Infiniti, and Lincoln had the highest days of supply, at over 100 days. The lowest numbers were seen among Toyota, Honda, Kia, and Lexus, with each brand having less than 30 days of supply.
“Unlike other parts of the world, U.S. citizens remain on the sidelines when considering an EV purchase,” the paper added.
All this despite the full court press that Democrat green fascists keep ladling out for the idea of buying an electric vehicle.
Folks, do yourself a favor. Avoid EVs at all costs.
They will be a bad, bad investment in the long run.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
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