TESLA’S MANIPULATED MARKET

[Geee]

American Spectator:

The American consumer is resistant to marketing aimed at selling him electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1,874 Volts — its electric car introduced in 2010 with “high expectations.” That number might not sound so bad, until you read on to discover that it is equivalent to the number of Silverado pick-up trucks sold in one day.

 

In another report, WSJ states: “Through June, the market share in the U.S. for hybrid electric cars such as the Toyota Prius and C-Max and for electric vehicles such as the Leaf accounted for 2.8% of industry sales. That is down from 3.6% through the same period in 2014. Volumes of those vehicles fell 22% while overall industry volumes rose, according to researcher Edmunds.com.”

 

“Recent sales data show that consumers don’t want electric cars,” proclaims Investor’s Business Daily. “And these pitiful electric-car sales,” it adds, “mind you, come despite the very generous $7,500 federal tax credit, along with various state incentives — Illinois offers rebates up to $4,000.”

 

Manufacturers are slashing prices, offering low-priced leases, and 0% financing. Despite the deals, dealers view selling the existing electric vehicle inventory as a “challenge.” But selling a used electric car, like Nissan’s Leaf, is even harder. WSJ reports: “used Leafs aren’t attracting much demand.” Though Nissan offers leaseholders $4,000 in incentives to buy the used model they are driving, drivers are not snapping up the opportunity. When the leases expire there is little market for the cars and dealers are returning them to the manufacturer.