A recent article from E&E News reported that Volkswagen, GM and Ford can no longer keep a secret: that they believe that vehicles that run on gas are no match for their battery-powered counterparts. Since making that admission, they must now find a way to promote the benefits of electric vehicles without alienating their customer base that still prefers cars with the good, old-fashioned internal combustion engine.
Although auto manufacturers saw new car sales fall in the third quarter compared to last year, the losses were not as bad as they were in the previous quarter in 2020. According to Edmunds, third-quarter new vehicle sales were 11% lower than the same time last year. However, that is better than the second quarter, when there was a 30.6% decline. Continue reading “Despite Losses, New Car Sales in Q3 Show Improvement”