In all of last year, consumers bought just over 807,000 EVs, or 5.8% of new vehicle sales. Because of increased demand, supplies aren’t growing.Įlectric vehicle sales continued to rise during the first half of the year to more than 557,000 vehicles, or 7.2% of all new vehicle sales. Inventory on dealer lots was expected to be just over 1.2 million vehicles in June, about the same as most of this year, J.D. That’s flat from June of last year, but almost $1,400 less than in December of 2022 when prices peaked. With 23 years of experience in the automotive industry, we continue to reinvent our journey. But in June, those trends began to stall out, said Ivan Drury, director of insights for .Ĭonsumers paid an average of $45,978 per vehicle in June, according to J.D. The AUTOHUB GROUP has been the purveyor of some of the most desirable brands renowned throughout the entire world aiming to be the preferred automotive group for innovative solutions, quality products, and reliable services in the Philippines. picked up steam in the second quarter, but the stronger sales kept prices high for consumers.Īuto sales rose a healthy 16.8% from April through June to just over 4.1 million, fueled by pent-up demand from nearly two years of short supplies due to factories that were hobbled by the global computer chip shortage.įor much of the year, average prices pulled back a bit and automakers raised discounts a little. Demand for new SUVs, trucks and cars in the U.S.
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