GoodCarBadCar
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GoodCarBadCar reports auto sales data across every segment for both the American and Canadian markets. See also: car reviews, data analysis, and more! The original mission of GoodCarBadCar was to advance, promote, and aggrandize the Good Car. Hand in hand with that, GoodCarBadCar always had at heart an assignment that would, in effect, dethrone the bad car, banish the frumpy car, and eliminate..
GoodCarBadCar
21h ago
Summary
Sales volume is always a good sign a car is popular, but many large volume sellers don’t have huge profit margins on their cars
Most of the major automakers make between 3% to 10% profit on each vehicle they sell
In a bit of a strange coincidence, those carmakers that made double digit profit percentages in 2023 were almost all stuck between 11% and 12%
Only two companies made more than 12% profit per unit sold
We think that if Q1 2024 is any sign of the trends this year, some companies might be moving up over 12% profit per unit this year
It’s one thing to sell cars and lead volume ..read more
GoodCarBadCar
3d ago
Summary
While it may seem like more vehicles get sold in the urban environment, the truth is that the rural customer is the one that a automaker wants to attract
While you have multiple options for transportation in urban environments, quite often in rural environments a vehicle is a need, not a want
Many back roads are either hard-pack dirt or fully paved, especially around towns, villages, and near major roadways
A lot of vehicles sold to the truly rural customer are for some time of commercial use, with a secondary vehicle as a personal use.
Specialized vehicles, such as tractors, also cou ..read more
GoodCarBadCar
1w ago
Summary
Through most of the 2010s, EVs and hybrids were the big talk about reducing emissions, however hydrogen fuel cells were also introduced as an alternative
Much more strictly regulated because of the safety needed for hydrogen storage and containment, was only approved for use in California (in the US)
Has not achieved any real impact on the automotive market, not even in the sustainable fuels areas
Interest has been gained in heavy duty FCVs such as busses and heavy goods vehicles, but interest has paled in comparison to even EVs
We think that there is a future for hydrogen in the heav ..read more
GoodCarBadCar
1w ago
Summary:
Tesla was at one point effectively the only option if you wanted an EV
Competition has grown from traditional automakers coming out with their own EVs
Global interest in EVs has waned in favor of hybrids. In effect, the EV bubble has burst
To maintain profitability and reduce costs, layoffs are the only option that Tesla can take to immediately affect its bottom line
Tesla’s stock has also fallen 31% since December 2023 in a Q1 free fall, while legacy automakers have seen rallies in their stocks as hybrids surge in sales
We think that Tesla’s major issue is that they bet everything o ..read more
GoodCarBadCar
1w ago
There are plenty of good reasons for having an older vehicle. For a lot of people, shiny and new doesn’t always mean better. For some, it’s the adage: they just don’t make em’ like they used to. For others, an older car might be a rare, collectible, or vintage item that may hold sentimental value or bring fun and joy. Finally, for many, it may simply be that an older car is what meets their budgetary needs.
Whatever the reason, having an older vehicle no longer has to mean having an ‘old’ vehicle. With the technology and possibilities of today, modernizing an older vehicle has never been easie ..read more
GoodCarBadCar
1w ago
Summary:
Lotus has had a rough time in the past few years with the global pandemic, but has taken a major gamble on the future of EVs
Posting a $750 million USD loss in 2023, this was the price to pay to prepare new factories, production lines, and employees for a major push
2024 will see no less than three models, and a variety of trims, from the automaker, with plans to produce 150,000 cars annually by 2028
Taking just the bare minimum average profit margin and a sales volume of 30,000 cars in 2024, Lotus could be looking at $240 million in profit
We think that if they stick to their plan ..read more
GoodCarBadCar
2w ago
Summary
Mobility in 2024 is achieved in a variety of ways, including Mobility as a Service (MaaS) via ridesharing, ride-hailing, and rent-per-use options
The market value of MaaS is not to be underestimated as it was $678.1 billion in 2023, and is expected to breach $1 trillion in 2027
This has had a direct effect on automakers, as many family cars and smaller SUVs have had their rear leg room and comfort increased specifically as a response to ride-hailing, and small cars are now being designed with ridesharing partially in mind
Because more people are sharing rides and even not owning their ..read more
GoodCarBadCar
3w ago
Summary
The rental car market is one of the key pillars of the global mobility sector
The global pandemic caused a 30% hit in total market valuation 2020-2021
The market, driven by technological advancements and sustainability initiatives, is recovering strongly
The Asian rental market’s explosive growth demonstrates how important regional dynamics are to the market
We think that as long as rental car services can keep up with the market shifts and trends, they are likely to see some big profits in the coming years
The rental car industry, a vital component of the global mobility sector, has ..read more
GoodCarBadCar
3w ago
Summary
Q1 2024 has shown a 4.5% increase in year-over-year sales
Import vehicles have had a massive surge in sales, with Hyundai, KIA, and Toyota all being the major winners
Domestic vehicles have stayed pretty level, with only Ford making any real headway
Hybrids are the trend that consumers are wanting: Reliability and familiarity of gas power, fuel savings of electric power
Import EVs are seeing good sales as they are high quality and in demand, riding on the coattails of the hybrid demand
We think that any manufacturer that has a “full spread” of pure gas, PHEV/HEV, and EV offerings is l ..read more
GoodCarBadCar
3w ago
Whether you crave a fuel-efficient hybrid, a feature-packed EV, an affordable sports car that hugs the curves, or even an adventure station wagon, there’s a perfect model for you in our comprehensive list of the best cars in 2024.
From award-winning mainstays to innovative newcomers, dive into our picks for the most compelling cars you can buy this year. We’ll explore their features, fuel economy, price, and what makes them stand out from the pack, so read on.
2024 Honda Accord
2024 Ford Mustang
2024 Hyundai Sonata Hybrid
2024 Mazda MX-5 Miata
2024 Kia EV6
2024 Volkswagen Arteon
2024 Su ..read more