Craney

I thought the EVs weren’t selling that well.

jeff32

A 2 years old 10-15 000 miles chevy bolt still sells for 5-7 k above new car price!

i am delivering bolts ordered 18 months ago
and i have over 300 more sold orders customers will never get! Or maybe when the new model 25 will be out

till then, i dont see why hummer would nt be similar since we have WAY much more reservations than what we will be able to order!

Wildman_grafix

What is the range on a EV hummer?

Plowtownmissile

At the moment the industry wide days supply of EVs is double that of ICE vehicles. They are selling very well in certain regions (warm climates and/or high fuel prices) and very poorly in others.

jeff32

in my area it is roughly 12-15 % state wise, but my dealer is right at 40% ytd

Plowtownmissile

While not inaccurate, that's a heavily slanted statement on EV demand. Luxury EV demand has taken a huge hit this year. A more accurate statement industry wide is that overall new vehicle demand is still more than the supply. It's nowhere near what it was last couple years though.
We have more orders for Corvettes and SUVs out of Arlington than we can possibly build also. Same goes with Ford and the Super Duty trucks which is 20k+ units behind the order books every year. Not to mention Maverick orders were/are 2 years behind on delivery. On the flip side, certain models have strong availability with a much longer days supply (half ton trucks).
Bottom line: demand for vehicles varies greatly depending on regions/models.

Plowtownmissile

Which area? Just curious. I work for GM corporate (formerly with Ford corporate) so it's always interesting to hear dealership stats. I'd wager you're definitely not in Texas or Oklahoma 🙂

Jupiter Sunsation

Mullinax is a local Ford dealer (South/Central FL) has 4 locations and show 753 F150 in stock (6 of which are new 2022s, the rest 2023s). When the factories return to work and start building 2024's that is going to be a ton of leftover 2023's to unload. In addition they have 31 Lightnings. They are offering $2500 in rebates (one being aged inventory rebate) and 1.9% financing for 36 months. I can't see that boosting sales on expensive trucks but once the factory returns to work then they will have to discount this stuff heavily.

Jupiter Sunsation

A bolt is affordable to almost anyone. A 100K Hummer is not.

If you pay sales tax on the Hummer and sell it for 7K over MSRP you would likely break even. I wouldn't order a 100K truck trying to make 10% unless it was a truck I would keep and drive if the market crashes.
I don't like them so easy decision for me!

Plowtownmissile

Agreed.
The majority of full size trucks (especially diesels) are shipped to Florida, Texas, and Oklahoma dealers so you'll definitely get better deals in those states. As you'd expect, EVs are big in California (high fuel prices and warm weather). I've had a few people ask me where to get a new Corvette without markup. I told them about a dealership on the east coast that gets the most allocations and sure enough they got them for MSRP.

Former colleagues that I keep in touch with work for other OEM companies (Stellantis, Tesla, Volvo, Lucid, BMW, Nissan, Rivian, Michelin, etc) though so it's interesting to hear what's going on at the other companies. 98% of people in the corporate automotive industry aren't "car guys" which years ago kind of shocked me at first. For nearly all it's just a job. The majority of them that are "car guys" are young engineers.