SO??????

[fedup]

The stock market is telling you just how good the Obama/Clinton/Biden presidency is doing.  Here is just one example of many.

Ford's stock is worth $12.18 a share.

This is the electric vehicles that Ford is setting on today.

Ford appears to have an electric vehicle-inventory problem.

In a sign that Ford's EV ambitions are still outpacing demand, the company's sales numbers, amount of EV supply, and dealer sentiment all indicate that the Blue Oval is sitting on more Mustang Mach-Es and F-150 Lightning pickup trucks than it can sell.

Ford dealers sold 86.4% of their Mach-E inventory within 30 days in the second quarter of 2022, but that figure — known as a turn rate — dropped to 27.7% in the same period of 2023 even as the automaker had more than twice as much inventory on the market, according to data from the analytics firm Cloud Theory.

Ford's second-quarter sales of the Mach-E fell 21% from last year (10,941 vehicles) to the same period this year (8,633).

 

DETROIT, July 11 (Reuters) - The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers' dealerships or to allow Tesla to avoid new price cuts, according to analysts and industry data.

Rising inventories and price-cutting could represent only a short-term pause in EV market growth. But they could be signals that boosting U.S. EV sales above the current 7% market share level will be more costly and difficult than expected, even with federal and state subsidies.

Automakers North America have billions of dollars in EV-related investments riding on how the next several quarters play out. If production of EVs continues to outpace demand, automakers will have to choose between slashing prices and profit margins, or slowing assembly lines.

More than 90 new EV models are expected to hit the U.S. market through 2026, according to AutoForecast Solutions. Many will struggle to reach profitable sales volumes, analysts said.

 

Dealers for established automakers such as General Motors (GM.N), opens new tab, Ford (F.N), opens new tab, Hyundai (005380.KS), opens new tab and Toyota (7203.T), opens new tab have more than 90 days' worth of unsold EVs at their stores at current sales rates, according to a report from Cox Automotive.

U.S. dealers have more than 92,000 EVs in stock, more than three times the number on their lots a year ago, according to Cox data. Overall, new vehicle inventories are up 74% from a year ago, Cox said.

 

Ford had 86 days worth of F-150 Lightnings and 113 days' worth of Mustang Mach-E electric SUVs on hand, Cox said.

Ford said Cox's figures overstate the inventories for both models. Ford sees Mach-E inventories at 83 days' supply, with more than half of the vehicles produced in transit to dealerships, said Erich Merkle, head of U.S. sales analysis.

Ford sees Lightning inventories at 58 days' supply including vehicles in transit. The Dearborn, Michigan, factory that assembles the electric pickups is shut down this month for retooling.

 

"By no means are those inventories high," Merkle said.

Ford is increasing capacity for both the Mach-E and Lightning to levels well above current sales.

Ford built 46,238 Mach-Es during the first half of this year, and sold 14,040 of the electric SUVs, according to data posted on its investor site. Ford cut prices for Mach-E models in May.

Volkswagen dealers had 131 days' worth of ID.4 electric SUVs in inventory, according to Cox data.

In a statement, Volkswagen's U.S. sales arm said "we have seen some softening in EV sales in the U.S. recently" as supply chain bottlenecks have eased, allowing for increased production.

VW sees strong demand for the ID.4, but does not have enough all-wheel-drive versions of the SUV, "which is what the market wants," the company said. VW also cited "the effects of some customer confusion and, therefore, hesitation to buy vehicles over the tax credit eligibility of EV models."

The U.S.-built ID.4 qualifies for a $7,500 consumer tax credit.

 

 

 

Could it be that the stock market they want you to see is up because your elected politicians, their family and friends are making a killing with insider info???

 

If you are willing to put yourself through the misery you have been paying for, research all the gifts you have been paying for that these companies have received to produce vehicles that nobody wants. Add some more pain concerning the gifts these manufactures are getting that you are paying for to have the raw materials to be dug out of the ground and transported.