Over recent months, the electric vehicle (EV) market has experienced a notable slowdown. Sales have been far below expectations, leading to frustration among many stakeholders. Dealers, in particular, are grappling with excess inventory as EVs pile up on their lots. This video delves into nine EVs that dealers are struggling to sell, examining the specific issues affecting each model's market performance.
1. Ford Mustang Mach-E
Initially, the Ford Mustang Mach-E was a hot seller, with high demand and long waiting lists. However, recent trends indicate a significant decline in its popularity. Ford's inventory now holds nearly 23,000 units, with an estimated 404 business days needed to clear them out. This dramatic shift can be attributed to several factors. Firstly, the market slowdown has impacted sales across the board. More critically, reliability issues have plagued the Mach-E. The vehicle has faced several recalls, the most notable being a sudden loss of power under heavy acceleration, which has severely dented consumer confidence.