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Chevrolet Bolt EV continued a steady sales rise last month as it solidified its position among the top three plug-in electric cars for which monthly U.S. sales are reported. The Chevrolet Bolt EV continued a steady sales rise last month as it solidified its position among the top three plug-in electric cars for which monthly U.S. sales are reported. In August, Chevy delivered 2,107 Bolt EVs, the first time the car had sold more than 2,000 units in a month after entering the market in mid-December last year. Close behind was the Toyota Prius Prime plug-in hybrid, at 1...
The average fuel economy of new light vehicles sold in the U.S. in July was 25.4 mpg, up 0.3 mpg from June, the University of Michigan Transportation Research Institute said Tuesday. The increase is attributed to a decreased proportion of light trucks in the market in July compared to June. Year-over-year U.S. light-vehicle sales slid 6.9 percent in July, with car deliveries descending 14.8 percent. Across the truck segment, pickup sales dropped 1.1 percent while crossover sales increased 1.2 percent last month. Light-truck sales, including crossovers, were down 1.9 percent. July...
With Tesla Model 3 deliveries beginning, July may be the last month for a while in which the growth of green-car sales in the U.S. can be measured with some sense of accuracy and perspective, as all signs point to a spike in year-over-year growth from here on out. And with that in mind, things didn't look great last month. In fact, year-over-year sales of hybrids and plug-in vehicles were down for the first time this year, falling 9.6 percent from a year earlier to about 37,600 units. Plug-in-vehicle sales remained on the positive side of the ledger, though they slowed to a 16 ...
Elon Musk showed off the first Tesla Model 3 vehicle on Twitter and Instagram over the weekend, sharing pictures of the shiny new four-door sedan parked in front of Tesla's production plant in Fremont, California. Tesla board member Ira Ehrenpreis was the first person to pony up the full deposit for a Model 3, and had rights to the first production unit. But he gifted it to the company's billionaire founder as a present on his 46th birthday, Musk said. Tesla is aiming to dramatically ramp up output of the eagerly awaited electric vehicle in the coming months. The first 30 c...
The car sales market is not that gloomy as you might already think considering total sales have fallen for six consecutive months. With the slowdown largely a product of reductions in less-profitable fleet deliveries, retail sales have slipped less than 1 percent from a year ago The fact that consumers are snapping up high-margin SUVs and crossovers instead of less-expensive sedans has been a boom to Detroit automakers. After hitting the 10 million mark for the first time in 2016, U.S. light-truck sales rose 4.7 percent in the first half, setting records in every month except April a...
