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Nissan Is Bleeding Market Share And Dealer Profitability

The Truth About Cars

Image: Nissan Nissan dealers in the United States are living through a traumatic experience. Profitability has plummeted to its worst in 15 years, leaving almost 40% of Nissan's 1,071 dealers hemorrhaging money. Dealers are suggesting Nissan needs to trim the fat, possibly reducing the number of stores by up to 40%. down from 7.7%

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Kia overtakes Hyundai in US electric vehicle sales in Q2 as its new EV9 sparks growth

Baua Electric

Kia sold more electric vehicles in the US in Q2 than its sister company, Hyundai. After EV sales more than doubled in the second quarter, Kia looks to keep up the momentum as its new EV9 helps gain market share. Kia’s first three-row electric SUV is already fueling a sales spike. of the market in Q2, topping Hyundai’s 5.1%

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Can Acura’s new sales tool help it compete in the US EV market?

Baua Electric

Acura’s new digital experience tool is designed to help reverse slumping sales as its first EV, the ZDX, rolls out to dealers in the US. After launching its first EV , the ZDX, in May, Acura introduced a new way to buy its vehicles as it looks to spark sales in the US. Traditional buying processes can take “hours.”

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RAV4 Prime sales, EQS debut, GM batteries, Ioniq 5 or EV6: Today’s Car News

Green Car Reports

The Toyota RAV4 Prime is a hot commodity. And would you choose the Hyundai Ioniq 5 or the Kia EV6? According to sales data, the Toyota RAV4 Prime plug-in hybrid is still flying off dealer lots. The Mercedes-Benz EQS is fully revealed. GM and LG Chem are reportedly readying a second battery plant.

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Hyundai, Kia U.S. gross sales go eleventh directly pace

Baua Electric

light-vehicle gross sales rose for the eleventh consecutive pace in June at Hyundai and Kia, helped via emerging inventories and extra beneficiant reductions join to July 4 sleep promotions. At Kia, June gross sales rose 8 % to 70,495, capping a primary 1/2 that produced document deliveries of 394,333, up 18 %.

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It’s a buyers’ market! Tesla Model 3 and Tesla Model Y dominate  rapidly growing used EV sales in Australia

EV Central

That’s the findings from the Automotive Insights Report analysing March 2024 used car sales compiled by AutoGrab and the Australian Automotive Dealer Association. EV sales grew more than 13 per cent in March, which was substantially faster than petrol, diesel and hybrid vehicles. per cent) Hyundai Kona – 270 (3.6

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Hyundai finds its ‘sweet spot’ with EVs in the US as it braces for new competition

Baua Electric

Hyundai believes it has found the “sweet spot” with three long-range, fast-charging, and affordable EVs available in the US. With rivals launching new electric models this year, Hyundai expects stronger competition in the second half of the year. Hyundai’s EV sales were up 15% year-over-year in the second quarter.

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