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Kia

Japanese Automakers Post Strong April Sales Numbers, Korean Automakers See Sales Dip

Japanese Automakers Post Strong April Sales Numbers, Korean Automakers See Sales Dip

The expanding popularity of electrified vehicles, particularly hybrids, continues to help boost sales of new vehicles amid growing signs consumers are switching to smaller, more affordable vehicles in the face of rising prices and the highest interest rates in nearly a quarter of a century.

Hybrids, EVs Helped Prop Up March Sales – Except for Tesla

Hybrids, EVs Helped Prop Up March Sales – Except for Tesla

It’s become something of conventional wisdom that the EV market is slowing down. And there’s no question that, on a percentage basis, the growth rate for battery-electric vehicles has slowed over the last 12 months. But the market does continue to grow, Kia’s EV sales jumping 151% in March. Ironically, it was the 800-pound gorilla of the battery-electric market, Tesla, where sales fell well short of expectations.