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GM Q3 sales fall 5.5% as EV demand collapses, while Toyota gains ground
business8 days ago

GM Q3 sales fall 5.5% as EV demand collapses, while Toyota gains ground

General Motors reported a 5.5% drop in third-quarter US sales, totaling 670,974 units, driven by a sharp decline in electric vehicle demand. GM’s EV sales fell 61.7% year-over-year to 25,473 units, with the Equinox EV down 92.4%. In contrast, Toyota saw a 0.6% sales increase, boosted by a 28.5% rise in electrified vehicles, including hybrids. GM’s internal combustion engine sales remained roughly level, but its lack of hybrid options and weak EV performance allowed Toyota to narrow the sales gap to under 136,000 units.

via CNBC|
#business#electric-vehicles#general-motors
Hybrid demand drives growth amid a mixed U.S. auto sales quarter
business3 months ago

Hybrid demand drives growth amid a mixed U.S. auto sales quarter

U.S. second-quarter auto sales show a split: hybrids are outperforming non-hybrids as high gas prices and softer EV demand lift electrified models. Toyota rose about 1.1% on electrified-vehicle demand, Hyundai posted strong hybrid gains (and overall up about 4%), Honda up 8.4% on record electrified sales, and Kia up 3% with notable hybrid growth, while GM declined ~4.2% due to limited hybrids. Analysts expect industry sales to be roughly flat to slightly down, with Stellantis and Nissan posting modest gains amid a shift toward affordable, efficient models.

via CNBC|
#business#electric-vehicles#gm
Hybrid Reality: Murphy Forecast Backs Hybrids Over Full EV Domination
business3 months ago

Hybrid Reality: Murphy Forecast Backs Hybrids Over Full EV Domination

Analyst Murphy Automotive Partners forecasts a long plateau for U.S. EV adoption, with ICE losing ground to hybrids and pure BEVs struggling to regain momentum. The piece argues hybrids are a durable solution rather than a stepping-stone to full electrification, notes potential brand survival risks, and highlights shifting market dynamics such as Texas approaching California as the nation’s car market—challenging the hype around a rapid, widespread EV future.

via The Autopian|
#auto-industry#business#electric-vehicles
U.S. Car Market Shrinks as 1 Million Buyers Vanish
business4 months ago

U.S. Car Market Shrinks as 1 Million Buyers Vanish

U.S. new-car sales have fallen for eight straight months, with about 1 million buyers exiting the market since 2020, pushing forecasts toward a 16 million annual pace instead of the pre-Covid 17 million. New-car prices hover around $50,000 while the average vehicle age climbs to roughly 13 years as buyers opt to extend ownership. High interest rates, inflation, rising gas prices, and tariffs keep monthly payments elevated. Hybrids have risen by more than 9% to over 14% of sales, while EVs drop more than a third year-to-date to about 5% market share, signaling a shift toward affordable, reliable hybrids rather than premium EVs.

via SlashGear|
#auto-industry#business#car-sales
Toyota Faces $4.3B War-Driven Hit as Hybrids Rise and Rivals React
business5 months ago

Toyota Faces $4.3B War-Driven Hit as Hybrids Rise and Rivals React

Toyota expects about 670 billion yen ($4.3 billion) in costs this financial year from the Iran conflict, driven by higher material costs, delivery delays and weaker sales; U.S. hybrid sales rose 37% as buyers seek fuel efficiency while EV demand lags; GM plans to boost pickup inventory after Ford's F-150 supply snags; Mercedes-Benz recalls 144,049 U.S. vehicles for infotainment/display issues.

via Jalopnik|
#business#gm-pickups#hybrids
Honda pulls Zero Series EVs amid mounting EV losses
transportation7 months ago

Honda pulls Zero Series EVs amid mounting EV losses

Honda is canceling its Zero Series EVs (the SUV and Saloon) and the Acura RSX EVs, citing an 'extremely challenging earnings situation' and forecasting a net loss of about ¥360 billion to ¥630 billion ($2.5–$4.4 billion) for the year. The company had planned 30 new EVs by 2030 and 100% zero-emission sales by 2040 but says it will pivot toward hybrids as US EV demand stalls and competition from China grows, joining Ford, GM, and Stellantis in taking big EV-related write-downs.

via The Verge|
#earnings#electric-vehicles#honda
Honda cancels three in-house EVs, pivots to hybrids
transportation7 months ago

Honda cancels three in-house EVs, pivots to hybrids

Honda says it is canceling three near-production EVs—the Honda 0 SUV, the Honda 0 sedan, and the Acura RSX—built on its own Zero platform at the Ohio EV Hub, and will redirect resources to next-generation hybrids, launching EVs only when demand justifies it. The company cites slower US EV demand amid changes to federal tax credits and tariffs, plus stiffer competition in China and shorter production cycles elsewhere. A May strategy update is planned, with expansion in India on the horizon. The restructuring could cost up to 2.5 trillion yen, and top executives will take pay cuts as Honda refocuses its EV efforts.

via Engadget|
#evs#honda#hybrids
Jeep Cherokee Relaunch Poised to Kickstart Stellantis’s U.S. Sales Rebound
business7 months ago

Jeep Cherokee Relaunch Poised to Kickstart Stellantis’s U.S. Sales Rebound

Stellantis is counting on the 2026 Jeep Cherokee, its first traditional hybrid and most fuel-efficient gas‑powered Jeep, to drive a U.S. sales rebound and reach roughly 1.15 million vehicles in 2026 (about a 25% gain). The Cherokee will be produced at Toluca, Mexico, with expansion plans anticipated, and pricing is set around $37,000–$46,000 to compete with rivals like the Toyota RAV4 and Honda CR-V.

via CNBC|
#business#cherokee#hybrids
CR’s 2026 Top Picks Spotlight 10 Electrified Cars Across Segments
automotive8 months ago

CR’s 2026 Top Picks Spotlight 10 Electrified Cars Across Segments

Consumer Reports’ 2026 Top Picks span 10 models across segments, and for the first time every Top Pick is a hybrid or electric vehicle. The lineup features Honda Civic Hybrid, Toyota Camry Hybrid, Subaru Crosstrek Hybrid, Subaru Forester Hybrid, Toyota Grand Highlander Hybrid, Lexus NX Hybrid/PHEV, BMW X5 (gas and plug-in), Ford Maverick Hybrid, Ford F-150, and Tesla Model Y, with high Overall Scores based on road-test performance, reliability, owner satisfaction, and safety.

via Consumer Reports|
#automotive#consumer-reports#electric-vehicles
Europe’s December EV Surge Dethrones Gas Cars for First Time
business8 months ago

Europe’s December EV Surge Dethrones Gas Cars for First Time

European buyers registered 308,955 new EVs in December across the EU, UK and EFTA, about 50% higher year over year, marking the first month EVs outsold gas-powered passenger cars. Hybrids remain the market leader, but EVs are closing the gap as more affordable models enter the market. For the full year, nearly 2.6 million EVs and about 4.6 million hybrids were registered in the region, while gas and diesel registrations fell significantly, signaling a continued shift toward electrification.

via InsideEVs|
#acea#business#car-sales
Honda's Hybrids to Get Louder to Appeal to American Tastes
automotive9 months ago

Honda's Hybrids to Get Louder to Appeal to American Tastes

Honda is developing a new hybrid system for the US market that will feature a louder, more appealing exhaust sound, catering to American preferences for louder cars. The new hybrid will sound better than the Prelude and will be implemented in popular models like the Accord, Civic, and CR-V, with potential for sportier trims and future V-6 engines. This move highlights Honda's focus on enhancing the driving experience for American consumers, even as the industry shifts toward electric vehicles.

via Motor1.com|
#automotive#car-tuning#exhaust-sound