inventory levels are at their lowest levels since the global financial crisis of the late 2000s, but the needle is moving. Last year, Honda launched new generations of four of its most popular vehicles the HR-V, CR-V, Pilot and Accord and revealed its first electric. ![]() Many car companies have even put a limit on their EV orders to catch up with early demand. According to a December 2021 report from analytics firm IHS Markit, U.S. They haven't yet reached scale and production is still ramping up. With the exception of Tesla and GM, automakers haven't yet churned out mass quantities of EVs for the US market. If youve gone car shopping over the last two years, you probably noticed how bare the lots at new and used car dealerships seem. Inventory issues have been prevalent with EVs for a number of reasons. A new survey found five things consumers are doing as a result. Toyota and Honda, however, were among the worst offenders in terms of availability, with only 15% and 11%, respectively, having one available for sale. A perfect storm of factors (including a global chip shortage) means car shoppers are finding the thinnest vehicle inventory in years. 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. Mercedes-Benz had the best EV availability among car brands, per Sierra Club - 90% of its dealerships reported having an EV available. The shortage affects aftermarket and repair parts, too. 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. 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. Inventory mistakes have a major negative impact, since they directly influence the number of goods soldand by extension, profits. Yet even for those car shoppers that are eager to drive electric, it's hard to get your hands on one. New car inventories, strained for months by a global semiconductor shortage and supply chain disruptions, aren’t expected to begin recovering until September - and will remain well below. 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. SEOUL, June 16 (Reuters) - Hyundai Motor Group is in talks with South Korean chip companies to help it reduce reliance on foreign supplies amid a global shortage that has.
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