The decline of sales in the Alternative Power segment slowed down somewhat in the third quarter of 2016 to just 6 percent, a much better (less bad) performance than the 21 perent drop in sales in Q2. That said, prospects for the segment still look pretty bleak because cheap gas keeps luring people away from EVs, hybrids and more fuel-efficient cars in general into larger crossovers, SUVs and pick-up trucks. Not even the new Toyota Prius, Chevrolet Volt or Tesla Model X seem to be able to stop that.
Highlights for Q1-Q3 2016:
Sales of the three-vehicle Toyota Prius family dropped 26 percent despite the arrival of the new, controversially-styled liftback in the showrooms – a sign perhaps that, in a sector that’s quickly developing, customers are no longer content with Toyota’s gentle incrementalism?
After losing 22 percent in Q2 due to lack of supply of the newly-facelifted version, Tesla Model S rebounded in style by gaining a scarcely-believable 89 percent in sales in the third quarter
The new Chevrolet Volt is in hot pursuit of the Californian wonder-car, though, having gained 79 percent in sales in Q3 itself, and now firmly outselling fourth-placed Ford C-Max.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.