Report: Desperate Car Dealers Slashing
EV Prices to Try and Boost Sales
Breitbart,
by
Simon Kent
Original Article
Posted By: Dreadnought,
2/16/2024 9:35:19 AM
Psssst. Wanna’ buy a new electric vehicle (EV)? No, me neither, but some people do and they’re being greeted by desperate car dealers willing to slash prices by anything up to a quarter in an effort to shift stock.
This Is Money reports the average discount on a new EV in the UK has increased by 204 per cent since last January, citing market analysis by What Car? as dealerships are going to extraordinary lengths to stimulate sluggish sales.
The revelation comes just days after a Lords Committee warned the Government that UK drivers are turning their back on the electric transition. They are blaming a toxic combination of high purchase
Post Reply
Reminder: “WE ARE A SALON AND NOT A SALOON”
Your thoughts, comments, and ideas are always welcome here. But we ask you to please be mindful and respectful. Threatening or crude language doesn't persuade anybody and makes the conversation less enjoyable for fellow L.Dotters.
Reply 1 - Posted by:
Ida Lou Pino 2/16/2024 9:44:16 AM (No. 1658973)
Golf course managers all over the country - - are flocking to car dealers - - to replace their old golf cart stock with these bargain basement deals.
Fore!
12 people like this.
Reply 2 - Posted by:
formerNYer 2/16/2024 10:00:17 AM (No. 1658985)
You can make them $100 and I still wouldn't want one.
27 people like this.
Reply 3 - Posted by:
Lawsy0 2/16/2024 10:00:40 AM (No. 1658986)
Train your camera on the sales mgr. who is selling his soul while he whips a dead horse(power). I still say there is a time and a place for EVs and it isn't now. Give it 30 or 60 more years. People will hate an EV into the 23rd century--should we make it another 90 years.
13 people like this.
Reply 4 - Posted by:
MickTurn 2/16/2024 10:14:46 AM (No. 1658998)
I'll give you $1 if you light it on fire so I can drive in EV Style!
8 people like this.
Reply 5 - Posted by:
ironchefw 2/16/2024 10:35:46 AM (No. 1659020)
They weren't building any power plants to power all the vehicles that they dream about anyway.
19 people like this.
Reply 6 - Posted by:
franq 2/16/2024 10:41:45 AM (No. 1659028)
The local Ford dealer across from our favorite Mexican restaurant had 6 or 7 electric Mustangs on the lot. Need to change badge to Elephant, available only in white.
14 people like this.
Buying an EV is like buying a time share. They make the real money when you have to maintain it and replace the battery, without the government propping up the price.
14 people like this.
Reply 8 - Posted by:
SkyKing1222 2/16/2024 11:33:29 AM (No. 1659080)
Simple physics is against EV’s for personal transportation.
Diesel Electric trains can move phenomenal amounts of freight, very cheap, because of the torque curve of electric motors.
That torque curve is completely wrong for personal transportation.
So the rest of the eventual EV fantasies (range, infrastructure, etc)
are completely irrelevant.
14 people like this.
Reply 9 - Posted by:
volksford 2/16/2024 11:37:45 AM (No. 1659085)
A great selling point about a gasoline powered automobile is...........there are LOTS of gas stations. Libs are such idiots.
16 people like this.
Reply 10 - Posted by:
SweetPea3 2/16/2024 11:38:45 AM (No. 1659086)
Slashing prices cuz nobody wants to buy these Ronsons.
10 people like this.
Reply 11 - Posted by:
JimBob 2/16/2024 11:46:45 AM (No. 1659094)
" average discount on a new EV in the UK has increased by 204 per cent ".... misleading phrasing.
Sounds like they're giving 'em away, with that huge PERCENTAGE increase in the 'discount'.
So the discount increased by '204 percent'..... it went from $1 to $3.04?
The body of the article states that "the average cash and finance discount on EVs rose from 2.4 per cent to 7.5 per cent".
Oh, wake me when the discount equals the increase in fire insurance premium I have to pay to keep one of these at my home.
5 people like this.
Reply 12 - Posted by:
mc squared 2/16/2024 12:04:32 PM (No. 1659104)
i didn't want low flush toilets, energy saving dishwasher, clothes washer, expensive new HVAC systems, low-flow shower heads, gas can spouts, ...either. It was only when idealogs at the 3-letter guberment agencies forced manufactures to discontinue the good old ones that we fell into appliance hell.
Just wait for the next round of edicts to make it into new cars.
12 people like this.
Reply 13 - Posted by:
jeffkinnh 2/16/2024 1:04:32 PM (No. 1659153)
The simple reality is that if EVs were a good deal, people would be buying them. The only people that are buying them are either stupid or seeking "green" kudos and have enough money that they don't care about a handicapped car AND have other cars that are not EVs.
The problem is not just that the technology is NOT there yet, it's that the government is spending OUR money to push EVs and arm twisting companies into producing them.
Further the BIGGEST crime is the whole reason behind needing EVs, a fraudulent climate emergency spun by liberals and "scientists" that should be banned from participation in public debate because they are liars.
It's all a power and money grab.
11 people like this.
Reply 14 - Posted by:
DVC 2/16/2024 1:40:09 PM (No. 1659174)
Last I heard, Ford was losing $36,000 on every single Ford electric truck that they "sold". And now fewer buying than before. News reports are that even in California, EV sales are dropping, lower each quarter for the last several quarters.
The truth is getting out, and only 5% or maybe as much as 10% can fit one of these expensive, limited-use vehicles into their lives in any useful way. And the used EV market is dead. Who wants to buy a used vehicle when the $20,000 to $25,000 battery replacement is about due? These things are junk in 3-5 years from new, worth $15K, but need a $20-25K battery to drive at all. Scrap yard.
Conventional cars which are 5 or 10 years old, if well maintained, and if not in the extreme rust belt, can give much more wonderful, reliable and affordable service, many for 20+ years.
I have a 21 year old Ford pickup which runs great. I drove it on long trips whenever needed, even though it mostly sits, but when I need a load of gravel, or to haul plywood, or lumber for myself or friends, or haul heavy things, it's there. Ever reliable, and was cheap to purchase used. It will last me for the rest of my life.
My old Toyota SUV has nearly 200 K miles and nearly 20 years on it. Running perfectly, and I take good care of it. We regularly drive on 1000 mile or greater trips with it, very reliable. No immediate plans to replace it.
This whole lifestyle of buying a quality used vehicle is the only option for many people, and EVs cancel that option entirely, they are junk in 3-5 years. If only EVs were available, the lower 35% of Americans would not have a car at all. Perhaps that is the intent of these evil "elites".
11 people like this.
Reply 15 - Posted by:
JimBob 2/16/2024 1:46:06 PM (No. 1659180)
#13 writes "a fraudulent climate emergency spun by liberals and "scientists" ....."
I note that most of these scientists - except the retired ones- are dependent on research grants from the National Science Foundation. The money comes from -and is controlled by- POLITICIANS.
The money flows freely..... IF the 'science' supports the POLITICAL AGENDA.
Years ago, we heard, over and over, of the "Military-Industrial Complex" that President Eisenhower warned about in his farewell address. What is NEVER mentioned is that, in the same address, Ike warned us about the "Government-Scientific Complex" of Big Government funded 'Big Science'...... and that is just what is in operation with this whole "Anthropogenic Climate Disruption" hoax.
It truly is The Scam of the Century.
12 people like this.
Reply 16 - Posted by:
anniebc 2/16/2024 2:24:51 PM (No. 1659202)
What's insane are luxury versions of electric carlettes.
2 people like this.
Reply 17 - Posted by:
chumley 2/16/2024 6:07:02 PM (No. 1659308)
When I was a teen my boss offered me a 1959 Renault for $200. It seemed like a bargain. Then Dad had me look up parts prices. I couldn't afford to own it. Just like electric cars now.
5 people like this.
Reply 18 - Posted by:
TCloud 2/16/2024 7:13:45 PM (No. 1659347)
A 1979 Ford Pinto has more of a chance for a sale than any EV!
3 people like this.
Reply 19 - Posted by:
Dipi 2/16/2024 7:44:43 PM (No. 1659357)
I read an article a couple months ago where auto dealership lots were overflowing with EVs that were not selling. As I have mentioned more than once on these forums that I would not have an EV even if it was given to me.
5 people like this.
Reply 20 - Posted by:
mifla 2/17/2024 6:59:58 AM (No. 1659537)
Market forces always win. Why can't people realize that?
2 people like this.
Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)