New entries including the Chevrolet Bolt EUV, the Ford Mustang Mach-E, and Volkswagen’s ID.4 helped drive down average EV prices.
Second quarter numbers show emerging competition for buyer choices as more models enter the market.
The Ford F-150 Lightning, Mustang Mach-E, and Maverick are gaining buyer interest and demand.
Cox Automotive Analysis: Fleet sales are still stuck in first gear, estimated to have increased by only 5% year over year but remain down by more than 40% from 2019.
A Kelly Blue Book report shows growing interest in electric and green vehicles, especially SUVs.
Sales to fleet buyers were off notably last quarter – down 28% percent from Q1 2020 – but robust retail sales more than covered fleet’s shortfall and provided reason to believe new-vehicle sales have recovered from the pandemic meltdown.
Strong Toyota hybrid sales and new EVs entries are driving the growth.
The average fuel economy of new vehicles sold in the U.S. in December fell to 25 mpg — down 0.2 mpg from a revised November value, according to Brandon Schoettle and Michael Sivak, researchers from the University of Michigan's Transportation Research Institute (UMTRI).
UPS has announced it has reserved 125 Tesla Semis, the new electric Class 8 truck that was recently unveiled by Elon Musk.
PepsiCo is the latest large fleet to make a significant investment in the recently announced Tesla Semi electric heavy-duty truck, reportedly ordering 100 vehicles.
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