Strong start to the year by Hyundai, overall car sales are up 9.39% on last year with a 36.5% increase in EV Sales. BEVs were 13.46% of sales for Jan.
The sales of this year already surpassed those of 2021 and represent 60% of those from last year. Another interesting thing is that HEVs appear to slow down.
Looking at VW only, this year sales show an interesting trend, with electrics at 32.5%, very close to one third. I hope is not a fluke.
Tesla seems to raise hell around here but the numbers are average. In fairness I never expected them do do big around here. With one shop and poor trade in policies you're not getting the Tucson sales.
Also the imports are coming back. 380 EVs imported this year vs 67 in 2022. To be mentioned the EVs represent 3% of the used imports
They are doing 1.9% on the ID3 till the end of June.
2.9% on the ID5 and 3.9% on the ID4
Oh I thought the discussion is focusing on supply or EVs only. There's no doubt the ID4 is very popular. I'm seeing 231s all over the place. I've even seen people trading in Ioniq 5s for ID4s. However, I doubt this is because the ID4 supply has massively improved in Qtr 1. I would have thought most of Qtr 1 deliveries were ordered in Q4 2022
High GMFV is not a good thing for the buyer, the lower the better in some ways. As others have said as well that interest rate was a promotion - several of their models are a whopping 9.9%! I do agree though that the trade in process (and much more!) works against Tesla.
Not trying to knock VW BTW, even though I've just moved to Tesla the ID4 is a fine car which doesn't deserve the abuse it sometimes gets here.
April/May going by some order holders.
They need more deliveries to catch up with VW though.
Skoda Enyaq, Cupra Born, Audi Q4 E-tron are all VW group cars based on the MEB platform
Don’t Tesla still have a sh1t ton of cars to deliver in April?
I think he meant VW group.
Today is only the 3rd April so a bit premature to be talking about the 1st half of the year. Other than the ID3 and 4 what other VW EV models are widely available at present. Possibly the ID5 will become widely available later in the year?
Worth saying that the 3.9% offer was at the end of Q1 to get rid of stock
VW probably didn't make a huge profit on those since they'd be borrowing the money at 2.5% interest at a minimum, so it's not likely they'll continue to offer it
It does make you think about whether the whole car finance industry is going to be profitable for much longer. If ECB interest rates are probably going to be around 4% for the foreseeable future then not many cars are going to be affordable with 10% interest
Car companies will either have to accept fewer sales on finance, which probably means fewer sales overall, or reduce the markup on interest rates
You're paying interest on that "high GMFV" from day one. 3.9% was for March only too AFAIK, I think it's 6.9% to 7.5% now depending on spec. The constant VW price increases, artificially high trade ins offered to pump up used prices and the higher interest rates will either start to reduce their sales here or they will react in time and do something like a price cut but they can't keep sustaining this model they've had since the chip shortages idefinitely. Something has to give, too much competition entering the market now.
Most people finance new car purchases and VW are streets ahead on that regard with 3.9% offers on ID4 and high GMFV. When you do the maths vs other competitors it bumps them way up as well as Tesla not doing proper trade ins which is an issue for a lot of people also and most again have to trade in their existing asset.
What I'm reading from this is that no matter what effect the price drop is having on Tesla sales it hasn't stolen any sales from the competition
Taking VAG cars in particular, they've doubled sales on basically every model they have, not just the ID.3/4
That's not to say some folks have changed their order from another car to a Tesla, but there's enough demand there that those other EVs are still getting sold
I agree that I would have expected a bigger bump in sales from Tesla. Maybe the price drop hasn't filtered through yet, maybe it didn't create the flood of sales that some people were expecting
We'll just have to reconvene next January to see what the end result was 😁
That sure was a lot of Tesla hype for those numbers
They will have to deliver a jaw dropping number of cars in their only other shipment <<mod note: snipped, do not refer to groups of poster using derogatory terms>>
Will wait and see
don't forget Tesla will get another big bump in September
But there was no big bump in sales in Q1, that's what I'm saying. If they "just" deliver another boat load in Q3 they are not really putting much pressure on the incumbents. This is why I think the rest are not dropping their prices. They can afford to hold their prices because they know Tesla cannot deliver volume and seriously affect their sales.
As liamog mentioned, maybe the price drop hasn't really filtered in yet. Maybe we will see something in Q2 but I still have my doubts about Tesla's ability to ramp up here.
I wonder if the Jan price drop was just too late for cars to be shipped for March deliveries. We're looking at 50% growth in overall EV sales compared to the same time last year, it looks like it's currently the Germans driving most of that growth.
Firstly , yes i have bought and collected a tesla MY LR in last few weeks for an excellent price. (Before the current fiasco regarding the “flash sale” which tesla are not honouring).
on the Q1 figures, don't forget Tesla will get another big bump in September with similar if not better sales as they only currently do end of Q1 and end of Q3 deliveries to ROI.
Ioniq 5 stock is again a huge problem. Huge dump of stock in Q1 and that it with no more new orders again until 2024. Exact same scenario as last year.
VW have the dealer network & the stock to dominate the EV market here.
The views of Tesla on here can be a bit cult like and don't always reflect the views of Joe public. Some people are wary of build quality issues. Some people are wary of the giant screen controlling most things and being a bit distracting. Even Elon plays a part. One of my best mates cancelled an order for Elon related reasons and went VW.
As one poster here somewhere said "we love VW" or similar, I think you could stick in any brand name, the leaf or the Bz4 are not the best but they are not American or a new entrant.
The YTD electric figures are a bit of an anti-climax in terms of Tesla. Tesla delivered 678, almost identical to Q1 2022 so no real ramp up/improvement.
There is all the hype and rollercoaster threads on here about Tesla deliveries and price drops etc... I was expecting a 4 digit number, yet VW delivered 3 times as many ID.4's with no fuss. Lots of other OEM's delivering similar and higher numbers as Tesla (Hyundai doing well)
I do wonder about Tesla's ability to scale up the numbers here. A couple of staff in Dublin just doesn't cut it. Maybe if/when they get the Cork office up and running they will start to compete.
The ID3 is getting a facelift so no deliveries for a while.
the sales dont support your ioniq 5 observation. Judging by the amount of new Tesla chargers on my road there’s still lots of people waiting for a M3 or MY
I agree with this. I was looking for an EV in November 22 at the end of my PCP. Nothing was available new or used so I bought another ICE. The EV market completely opened up in the first half of this year so in the last 4 months I've bought an ICE car, sold it, and bought an EV in March.
I don't think there is much of a supply issue with VW like a lot of people are suggesting. I think people are just looking at the ID3 and ID4 now and weighing it up against their competitors. Every family in Ireland seems to be buying a Hyundai Ioniq 5 at the moment.
How did you get that info before anyone else?
A lot of hype yes, same people posting in 5 different threads, sales of the 3 were hampered by the Y, the test will be the rest of the year, monthly figures are not be all and end all, the bz4 and leaf sold more this year than the 3, its the next 8 months that matter.
190 Model 3s. Makes a total of 678 teslas registered this year.
Electric is up 49% for the first 3 months of the year compared to last year.
Big winners are VW up 134%, BMW and Skoda up 320% although from a low base last Jan to Mar. Good showing from Volvo and Renault too up more than 100% from last year.
Tesla is pretty much flat up 2% compared to the first 3 months last year. This is disappointing and represents a decrease in EV market share from 10.5% to 7.3% compared with the first 3months of 2022.
Kias EV sales are down 24% to 760 and Nissan continues to see the decline in sales as Leaf sales fall off a cliff down 44%.
Irelands love of VWs continues.
3,421 new EVs registered last month representing 19.35% of the total (1 in 5). Overall 231 EVs 9,303 or 16% market share.
top 10 brands March 2023
Top 10 models March 2023
The 800 weren't all model Y's - lots of Model 3's sold too.
After all the hype, surprising to see the Tesla Model Y 'only' had 479 registrations in Q1 (admittedly pretty much all in the last two weeks, but what happened to the 800 that was mentioned?), and beaten to the EV Q1 crown by the ID4.
Well if there's more cars on the market and your sales are static then you lose market share
Gets even worse when sales go down like the Leaf, but I still think it's got some life left
I think VW weren't taking orders for the facelift ID.3 which starts production around August. So 2023 production is really 8 months worth
Don't quote me on that though, I might have my wires crossed 😅
There are more i4s than Leafs registered this year.
The Leaf's market share for the last 4 years. Seems to halve YoY so 2.5% or less at the end of 2023? Considering there will be 3 and Y coming in top 10 close to the bottom, I'm guessing the Leaf will loose top10 by the end of the year but not by much.
id.3 surprisingly low in number even though VW said they have sold all the manufacturing capacity for 2023 it does not reflect to Irish numbers. ID.4 is the best sold VW product, while Hyundai sold more electrics than petrols but much less than diesels. Skoda is the brand with the most diesels registered this year. I think it is the first time when petrol HEVs are loosing market share but probably is too early in the year to start the party especially when there is a big jump in diesel HEVs.
