![]() Consumers have to be habituated and educated to the fact that. Many car companies have even put a limit on their EV orders to catch up with early demand. A global vehicle shortage has caused delays across Canada for those on the hunt for a new car, with no end in sight until 2023. They haven't yet reached scale and production is still ramping up. Amid ongoing chip shortages and other shortages, production halts, and depleted inventories on dealer lots, auto sales in the US, as measured by the number of vehicles delivered to end users, plunged 25. ![]() With the exception of Tesla and GM, automakers haven't yet churned out mass quantities of EVs for the US market. Toyota, whose sales plunged less than GM’s and Ford’s, was 1 in Q1. Inventory issues have been prevalent with EVs for a number of reasons. inventory levels are at their lowest levels since the global financial crisis of the late 2000s, but the needle is moving. During Fords fourth-quarter earnings call, CFO John Lawler said the chip shortage could cut the companys first-quarter production by 10 to 20 a 2.5 billion hit to revenue. We have new Hondas allocated and available for pre-purchase and experienced representatives to discuss what we can do during this nationwide vehicle shortage. Toyota and Honda, however, were among the worst offenders in terms of availability, with only 15% and 11%, respectively, having one available for sale. According to a December 2021 report from analytics firm IHS Markit, U.S. Mercedes-Benz had the best EV availability among car brands, per Sierra Club - 90% of its dealerships reported having an EV available. The other half indicated they weren't interested in doing so. Interestingly, of the 801 dealerships surveyed from June to November 2022 that did not have an EV for sale, they were divided: Nearly half said they would be willing to sell electric. Industry watchers wonder how long will it last, and if all the bikes sold now will flood the used market after the supply issues are resolved. Updated: Want to come away with the best possible car deal Spend more time shopping, check multiple dealers, don’t get hung up on a specific color or option, be prepared to pay list. Two-thirds of car dealerships in the US did not have a single new or used EV on their lots, according to a survey by the environmental nonprofit Sierra Club. The shortage affects aftermarket and repair parts, too. Yet even for those car shoppers that are eager to drive electric, it's hard to get your hands on one. It often indicates a user profile.Įlectric car adoption in the US is making headway, but still creeping up. Account icon An icon in the shape of a person's head and shoulders.
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