Carlypso: PHEVs To Reach 1 Percent Market Share In Q1 2015
By the end of Q1 2015, PHEVs are expected to take 1 percent of the overall U.S. domestic market despite fuel prices continuing their downward spiral.
Online used-car resell agent Carlypso reports that while just over 50 percent of U.S. new-car sales are focused on light-duty pickups, falling fuel prices haven’t done much to boost sales during the January 2013 – December 2014 period from whence the report collected its data, based on a sample of 16.3 million units.
The report also looked at over 28 million car sales in the same period, finding that PHEVs and EVs like the Nissan Leaf, Chevrolet Volt and BMW i3 made up 217,217 — or 0.86 percent — of said sales. In December 2014 alone, the Leaf, Volt, i3 and Tesla Model S collectively made up over 70 percent of U.S. PHEV/EV sales, despite the average price at the pump hitting $2.43/gallon that month; the current average is $2.05/gallon, down $1.23 from a year ago.
Carlypso co-founder Nicholas Hinrichsen says the findings show that consumers aren’t changing their behavior with the pump, opting to buy whatever they want as far as features and branding are concerned. He added that a vehicle’s value and demand isn’t going to change with the oil market either, advising consumers to let investors worry about how much West Texas Intermediate will go for per barrel.
Seattle-based writer, blogger, and photographer for many a publication. Born in Louisville. Raised in Kansas. Where I lay my head is home.
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So does this mean that a certain percentage of the PEV market is no longer affected by the current swing with fuel prices. That's a pleasant thought.
This man, seriously? "Carlypso co-founder Nicholas Hinrichsen says the findings show that consumers aren’t changing their behavior with the pump, opting to buy whatever they want as far as features and branding are concerned. He added that a vehicle’s value and demand isn’t going to change with the oil market either, advising consumers to let investors worry about how much West Texas Intermediate will go for per barrel." I'll break this down. "consumers aren’t changing their behavior with the pump, opting to buy whatever they want as far as features and branding are concerned." So consumers consume what they want to consume because they are consuming it. No $hit. But the demand for SUV's HAS increased with the falling fuel prices. "He added that a vehicle’s value and demand isn’t going to change with the oil market either" Untrue, large used SUV's go down in price immediately when fuel costs skyrocket. This absolutely changes with the oil market. It's an inverse relationship. "advising consumers to let investors worry about how much West Texas Intermediate will go for per barrel." Yes, be an uneducated lemming, and let the investors worry about what the market is doing. It doesn't affect you, dear consumer. You're somehow outside the market. Rest easy. Complete bullshit. I would never take anything this man says as truth, nor would I use whatever service he was/is peddling. He's proved he does not know much about anything.
The biggest issue with EVs is that they are pretty much only attracting people that already drive green cars. The number 1 trade-in for the Leaf, Tesla S, and Volt is a Prius. You don't gain much environmental benefit from wealthy hybrid owners trading in their government subsidized hybrid for a subsidized EV.
This post has nothing to do with the article, instead I have a burning curiosity about these used car resell companies. I've been searching Craigslist and Ebay motors for months looking for a BMW 3 series. Unfortunately, every listing I came across was a scam or I had to deal with very uncooperative sellers. I've looked into Carlypso and also came across another service called Instamotor in my search. I was wondering if anyone has used either service and has any insight on whether their service is worth it?