Tesla More Profitable Than GM + Ford
ESA Car Keys | During 2022, Tesla earned profits of $12.6B on revenues of $81.5B, making the automaker more profitable than GM and Ford combined.
ESA Car Keys | During 2022, Tesla earned profits of $12.6B on revenues of $81.5B, making the automaker more profitable than GM and Ford combined.
ESA Car Keys | Ford affirmed its positive outlook with an exclamation point as Q2 earnings obliterated estimates in an auto market marred with struggles.
ESA Car Keys | The US auto market was down nearly 25% in March as tight inventory looms. Average transaction prices hit historic highs.
ESA Car Keys | 4Q auto sales declined 2.3% year-over-year, and the US market finished the 2019 year at 17.1M units, down 0.7%. This marks five consecutive years of 17M+ units sold. Consumers spent more overall on automotive purchases.
ESA Car Keys | General Motors, in an attempt to boost disappointing sales of the Chevrolet Camaro, is offering a $3,000 discount exclusively to owners and lessees of the competing Ford Mustang.
ESA Car Keys | Here’s why the initial concerns about the automotive market were overstated, with September numbers reported and three quarters in the books for 2019.
ESA Car Keys | The 2nd Quarter US auto market was down year-over-year, with imports outperforming domestic brands. Trucks continue to grab market share from passenger vehicles, continuing a multi-year trend.
ESA Car Keys | The first quarter auto market finished near a 17M SAAR pace, but needed a solid March to atone for a lackluster effort in the year’s first two months.
ESA Car Keys | The October US auto market was down year-over-year, but posted some positive surprises. Trucks continue to grab market share from passenger vehicles, continuing a five-year trend.
September’s US auto market was down 5.5% year-over-year, as major manufacturers were all down except for Fiat Chrysler. The projected 2nd half slump continues to materialize.
How many dealers can satisfy the consumer’s demand for a 100% online car purchase process? More than you might think — with many more on the way. ESA interviews Rick Ricart about Ford’s ambitions for a national rollout of a digital product Ricart Auto piloted.
Copyright © 2023 | ESA