Tag Archives: Sales

News

Hyundai has big plans for 2025

South Korean automaker Hyundai has big plans for this year. According to the statement of the Chief Financial Officer of Hyundai Europe Haesung Park, the company intends to double the sales of electric cars in Europe in 2025.

“We will do everything we can to meet the emissions targets,” he said. “To do this, we want to double the sales of electric cars this year,” Park added.

Starting this year, the European Union intends to tighten CO2 regulations, which many manufacturers oppose because non-compliance with these measures can mean large fines that can go up to a billion euros or more. This will force them to increase sales of electric vehicles to avoid potential penalties, which will be very difficult due to cheap Chinese cars.

In 2024, Hyundai sold 68,279 EVs in Europe, which is 15% less than the year before. The best-selling models were the Hyundai Kona (36,526 units), Ioniq 5 (22,830 units) and Ioniq 6 (8,731 units).

Source: Automotive News Europe

News

Xiaomi SU7 overtook Tesla Model 3 in sales in China

Since it appeared on the market in early 2024, no one could have predicted that Xiaomi’s first car would experience such success. In just eight months since its debut, Xiaomi has shipped more than 130,000 SU7s, and in December it managed to outsell the Tesla Model 3.

Xiaomi currently offers several versions of this model, and all of them achieve outstanding sales results. That’s big for a company whose primary market is China, home of the biggest EV manufacturers. So, why are buyers more likely to opt for the SU7 than the Tesla Model 3?

The biggest difference between these two models is the price. With a starting price of 26,710 euros for the Standard version, the SU7 beats Tesla’s Model 3 by almost 10 percent, as it costs at least 29,000 euros. Also, Tesla recently increased the prices of all versions of the Model 3 in China, and with the growing competition from domestic manufacturers, this represents a rather big challenge for Tesla’s dominance in the Chinese market.

Chinese manufacturers think differently. They listen more to the needs of local buyers , offering more attractive cars at competitive prices and putting a lot of pressure on international brands. This will become even more evident when the Xiaomi YU7 hits the market, which will happen in the summer of this year.

Source: Reuters

News

Stellantis has a problem with a large stock of unsold cars

Stellantis is one of the largest automotive groups in the world that owns more than a dozen brands. In the first half of 2024, it recorded bad sales results, which caused the problem of too many manufactured cars sitting in warehouses.

The total sales of vehicles from the Stellantis Group in the six months of this year on the United States market fell by 16%, and the biggest decline was recorded by Ram (-26%), Dodge (-16%), Jeep (-9%) and Chrysler (- 8%). A large number of vehicles are gathering dust in warehouses, so the group is considering the option of a lower price on cars manufactured this year or earlier.

Looking at individual models, the Alfa Romeo Giulia is currently the slowest selling car in the US, with an inventory of 617 days. It is followed by Alfa Romeo Stelvio (456 days), Fiat 500e (454 days), Jeep Renegade (332 days), Grand Wagoneer L (327 days) and Dodge Hornet (323 days). This means that brands don’t have to produce these models for more than a year before selling currently unsold stock.

Also, Stellantis decided to reduce the delivery of cars to dealers by the end of the year by 200,000 units.

Source: CarEdge, Photo: Stellantis