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Dealerships Hopeful EVs Will Bring Back That New Car Smell. When autos become obsolete more quickly, dealers see more return customers
Wall Street Journal ^ | July 12, 2024 | Jinjoo Lee

Posted on 07/14/2024 4:31:48 AM PDT by karpov

People get nostalgic about their first set of wheels, but those fond memories probably miss an important detail—they were often pieces of junk. Auto dealers didn’t mind.

Back in 1976, when cars on American roads were just 6.2 years old on average, new car sales accounted for nearly 10% of car registrations. As of 2019, when the average car age had doubled, more consumers were able to hold on to their cars longer or opt for used ones. By then, the share of new vehicle sales had fallen to 6.4% of registrations.

Could electric vehicles bring back those glory days of brisk sales and rapid obsolescence? In some ways, EVs resemble cellphones: Technology on them keeps improving rapidly and they are powered by batteries that degrade over time and depreciate quickly.

It is still early days. EVs make up 6.8% of U.S. auto sales but just over 1% of light-duty vehicles today. As they become a bigger part of the fleet, they could once again rev up dealers’ business—through not only faster replacement cycles but also more frequent repairs. While EVs have fewer mechanical parts, a recent study from J.D. Power showed that owners of battery EVs and plug-in hybrids took their new vehicles to the dealership for repairs at a rate three times higher than gas-powered vehicle owners did.

One reason to think EVs could accelerate replacement cycles: EV technology is improving a lot more quickly than technology for gasoline-fueled cars, which have been getting optimized for at least a century.

“The incremental improvement you see every year on [gas cars] is relatively small. When you look at incremental improvement on EV technology, that’s actually quite phenomenal, especially the battery but also the energy management in the vehicle,” said Philipp Kampshoff

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy
KEYWORDS: automotive; cars; ecars; electricvehicles; ev
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To: karpov
You know this how ?

Fact .

My military security expert in-law states the following .

All Chinese that enter or exit the China
must act as CCP informants.
They must be interrogated before every time they come or leave or there
family in China will suffer in some manner.

The Chinese CCP are sneaking into the US border hourly and released . Only the Taiwan populations are not tied to this plan . The CCP is now openly protesting at the RNC convention this year

The CCP openly protests on all US college campuses.

Time to wake up to the open borders and ccp infiltration of our colleges .

21 posted on 07/14/2024 5:36:49 AM PDT by ncalburt ( Gop DC Globalists are the evil )
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To: karpov

“It takes a lot of resources to build an EV, so frequently replacing EVs would be bad for the environment and expensive for consumers.”

Absolutely, considering that the largest part of an EV, the battery, cannot only be recycled for far more than the cost of the raw materials, if even that.


22 posted on 07/14/2024 5:57:46 AM PDT by BobL
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To: kickstart

“I am driving a Toyota Tacoma bought new in 2006. 225K miles and still going strong. I cannot afford a new vehicle that costs $70K with my (dwindling) fixed income.”

They don’t want to state it outright, but that is what they’re trying to do - get people out of their cars, permanently.


23 posted on 07/14/2024 5:59:00 AM PDT by BobL
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To: Bernard

“After all, if she works in Manhattan, she probably lives in Manhattan. Do people like that even own cars, or have a driver’s license?”

Most likely she got her license in high school, smashed up a car or two, and now her ‘partnar’ won’t let her drive because she scares the shiite out of him every time she’s behind the wheel.


24 posted on 07/14/2024 6:02:02 AM PDT by BobL
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To: karpov
When autos become obsolete more quickly, dealers see more return customers.

There are those who want nothing to do with EVs and they will do whatever's necessary to maintain and drive gas powered cars - forever.


25 posted on 07/14/2024 6:10:08 AM PDT by JesusIsLord
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To: karpov

EVs are the disposable Razor of transportation use it and throw it away


26 posted on 07/14/2024 6:26:32 AM PDT by butlerweave
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To: karpov
“The incremental improvement you see every year on [gas cars] is relatively small. When you look at incremental improvement on EV technology, that’s actually quite phenomenal, especially the battery but also the energy management in the vehicle,” said Philipp Kampshoff

What this dope is saying is that EVs are terrible investments for their owners.

Imagine buying a Commodore 64 desktop computer, knowing that a laptop with a modern AMD microprocessor will be available in six months.

27 posted on 07/14/2024 6:38:10 AM PDT by Alberta's Child (“Ain't it funny how the night moves … when you just don't seem to have as much to lose.”)
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To: ncalburt

JeeJoo Lee sounds like a Korean name.


28 posted on 07/14/2024 6:39:57 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Mr. Jeeves

F EV’s


29 posted on 07/14/2024 6:54:19 AM PDT by hal ogen (First Amendment or Reeducation Camp??)
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To: Adder

We do NOT want your EVs. We didn’t want them in the 80’s and we don’t want them now. This is must more of the “Green Religion” and it is strangling Americans with rapidly accelerating prices on food, utilities, cars and essentially everything.


30 posted on 07/14/2024 6:58:45 AM PDT by Machavelli (True God)
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To: cgbg

I do ALOT of my own maintenance.

NOT paying a dealer labor rate to fill the radiator or check.change the oil.


31 posted on 07/14/2024 7:00:31 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: karpov

Note to Big Auto: You know what will bring private sector customers back.

Another Trump admin.

Now you have a choice to make.

Choose wisely.


32 posted on 07/14/2024 7:03:28 AM PDT by mewzilla (Never give up; never surrender!)
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To: karpov

It seems to me that the cost of replacing the giant batteries way too often will drive the sales of EVs.


33 posted on 07/14/2024 8:04:57 AM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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To: karpov

Not to mention that in the US, the top EV makers don’t even use the dealership model. They sell cars on iPhones. Sure they have some showrooms too. Company owned. Taxpayer subsidized.

There could be a market for refurbished EVs. Slap some new batteries in there, re-warrant the drivetrain etc. The EV makers would need to run that, too - or just concede their cars are 100% disposable and not even worthy of a salvage parts yard.


34 posted on 07/14/2024 8:12:20 AM PDT by monkeyshine (live and let live is dead)
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To: karpov

One thing to note guys. The giant batteries in these EVs are made up of probably close to 1000 smaller cells. Your battery can “fail” just because a couple of these smaller cells go bad. What the writer fails to realize is that there are companies springing up that can remove those bad cells and replace them with NEW cells, causing the battery to no longer be in the “failed” state. “Electrified Garage” is one of them.

*I* don’t have an electric vehicle, nor do I have plans to buy one, but I just want you guys to understand that there’s another thing about EVs that this writer doesn’t understand.


35 posted on 07/14/2024 8:15:11 AM PDT by FrankRizzo890
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To: kickstart

ALL-NEW
2024 Tacoma
Starting MSRP $
31,500*


36 posted on 07/14/2024 8:28:06 AM PDT by TexasGator
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To: karpov
Should been in the Babylon Bee. This is a terrible take on the auto industry:

1. Customers want to buy an expensive, highly depreciating asset more often so they can lose even more money.

2. And they want to spend time maintaining it by purchasing expensive parts, paying high labor rates, and generally not using the expensive asset they paid for while it's in the shop.

3. And for all this, they receive a "new car scent."

Detroit "iron" is gone and it's not coming back. They destroyed themselves by listening to people like Mary Barra, Nardelli, Wagoner, etc.

37 posted on 07/14/2024 8:52:12 AM PDT by HonkyTonkMan ( )
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To: Machavelli

Yessir!


38 posted on 07/14/2024 8:53:07 AM PDT by Adder (End fascism...defeat all Democrats.)
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To: karpov

What an argument for a new car genre — it wears out quickly so you have to replace it more often! Even better, it costs a lot more than the gas car it replaces. AND, your EV tires will last 2/3 to 3/4 of the time that gas car tires last.

Great sales pitch!


39 posted on 07/14/2024 9:10:48 AM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: karpov

Peak EV is over.

Nothing wrong with them, if I were retired and lived in a warm state, where golf carts weren’t street legal, I’d look at one to go to Publix or Winn Dixie.

But replacing my Suburban in February driving 50 miles to work in Central New Hampshire? Don’t be absurd!


40 posted on 07/14/2024 9:20:55 AM PDT by Jim Noble (Assez de mensonges et de phrases)
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