Tesla was green lit to open a gallery store in ultra-posh Greenwich, Connecticut a little over a year ago with the stipulation that the company didn’t actually sell cars out of it. It works that way in many states where Tesla is barred from directly selling cars, rather than going through franchised dealers. Now…
Everyone’s getting into crossovers.
Crossovers are completely swallowing up car sales across the American auto market, and nowhere is that more dramatic than at Cadillac, where the mall-core XT5 is now outselling the brand’s entire sedan range.
It turns out Toyota rules the world, Russians are in love with Hyundai, Honda has Canada on lockdown, and Mini’s real big in Southeast Asia.
Sales of the Ford Mustang are down here in the United States of America. Good.
At the core of Telsa’s business model is the fact that everyone pays the same for their cars. But now some Tesla stores may be pulling off old dealership tricks, giving discounts to hit sales quotes. And Tesla worries that could become a problem for the brand.
After Ford reported a 9 percent drop in second quarter profits last week, industry analysts were scared that car sales might slow down after years of prosperity. Now we have official U.S. sales numbers from July, and they seem to show that the industry has indeed reached a plateau.