How many EVs is GM actually selling?
GM's production and "sales" of EVs, including pickup trucks, went up by a large percentage in the 3rd quarter. But they count vehicles as sold when the dealer takes them. The Bolt seems to be selling to consumers well but the Hummer, maybe not. Is it that consumers don't want them or is it the ridiculous markups the dealers are putting on the Hummer?
GM 3rd qtr EV sales
From autoevolution:
"Despite GM reporting 1,167 GMC Hummer EVs sold in the third quarter, many still lie on dealer lots, waiting for a buyer. A quick search on CarEdge reveals that 976 brand-new GMC Hummer EVs are available at dealerships. If you filter out the vehicles still in transit, 651 units are still waiting for a buyer. If you want to find out why, just look at the prices. Many are listed at more than $150,000, sometimes even $200,000. This means the dealer markups on these units are outrageous, in some cases as high as $100,000.
Of course, not all of them were reported as sold in the third quarter. CarEdge also mentions how long they've been on the market, so we used this filter. Remarkably, 849 of them have been on the market for between 7 and 97 days, which means they were likely delivered from July through September. This sounds like almost the entire third-quarter production is still waiting for a buyer."
GM 3rd qtr EV sales
From autoevolution:
"Despite GM reporting 1,167 GMC Hummer EVs sold in the third quarter, many still lie on dealer lots, waiting for a buyer. A quick search on CarEdge reveals that 976 brand-new GMC Hummer EVs are available at dealerships. If you filter out the vehicles still in transit, 651 units are still waiting for a buyer. If you want to find out why, just look at the prices. Many are listed at more than $150,000, sometimes even $200,000. This means the dealer markups on these units are outrageous, in some cases as high as $100,000.
Of course, not all of them were reported as sold in the third quarter. CarEdge also mentions how long they've been on the market, so we used this filter. Remarkably, 849 of them have been on the market for between 7 and 97 days, which means they were likely delivered from July through September. This sounds like almost the entire third-quarter production is still waiting for a buyer."
