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Tesla has leapfrogged General Motors to become America’s most valuable carmaker, riding a wave of optimism about the electric vehicle company despite its continuing losses. Shortly after the start of trading on April 10th, Tesla's stock market cap overtook that of GM – it was worth about $51 billion, or $1.7 billion more than its established rival. While it's not clear that this will last, it's no mean feat for a company that has made just three car models in its brief 13-year history. The big question is whether or not Tesla can back up that value with raw sales number...
What else interesting happened in the U.S. car industry aside from the Tesla being the leader in the electric car sales, and the big three carmakers revealing low car sales? Well, there are some stats you’ll also like to know from the March US car sales. Firstly we’ll talk about the Nissan Leaf finally beating the Chevrolet Bolt, which was a “WOW” even for us, because we couldn’t predict that a year ago. On the flip side, it’s quite impressive to me that Nissan logged 1,478 sales of the LEAF. With the Bolt here (even if in limited supply) and the...
When you ask people about their feelings for electric cars, you will get 2 answers, they either love them or either hate. There’s no one person who would be careless about the PEV market. Instead of just relying on opinions, especially at a time when everyone seems to have one, we decided to bring you some true PEV sales information from last year, putting together a handy infographic. What is this info based on? Among that we’ve got PEV density by state last year, the best-selling PEVs for 2016, and monthly sales compared to 2015. First off, if you look at the monthly s...
We were expecting for car sales to calm down in February, but despite all the expectations and predictions we were still hoping for better results. Bad news, U.S. auto sales showed to be even less resilient this month than anticipated. If we have to compare these results with February last year, than they are down 1.1%. Automakers like General Motors (GM), American Honda Motor Co., and Nissan North America reported new-car sales gains from a year ago. Volkswagen Group, plus the premium German nameplates and three independent brands, also posted sales increases. However, Ford Motor Co. (Ford) a...
It seems like US electric sales continue to climb to new heights in 2017. Growing 59% year over year, approximately 12.000 electric cars were sold across the country, accounting for approximately 1% of US auto sales. Tesla and GM are pulling the market forward. Even with GM and Tesla taking the biggest part of the market, Toyota Prius stays on top. Essentially, Tesla and GM are pulling the market forward. The Nissan LEAF — introduced all the way back in 2011 — is still hanging in well above the crowd as well, though. Again, its success relative to other models is quite si...
