@@jeffw1267Population numbers is never an excuse. A US state might have 3x the number of people. But they also have 3x the number of electricians. There’s nothing about having more people that makes it harder to transition to EVs. There are US states that are the same size as a Northern European country. What’s their excuse for not having the same share of EV sales?
Seems an odd way of reporting sales - here in Ireland, (probably all of EU?), sales figures are based on vehicles registered. Once registered, a vehicle’s identity is in the system. There is a possibility of dealers registering extra cars as demonstrators - but those cars have to be eventually sold- usually at a discounted price, as they are effectively “second-hand”, with one registered owner (the dealer) already on the car’s record. Sam’s story here, sounds like the US registration system is not being used for declaring sales figures. Sounds very odd.
And I don't really see the point of Hyundai doing what's being alleged - if the dealers are temporarily listing loaners as actually sold, only to adjust them back later, then there's no benefit. The "scam" would only succeed in giving a short term blip for a Quarter or two - because it would only work if sales were rising. Once they stopped rising Hyundai would be left with egg on their face as they have less "real" sales to conceal the "fake" ones and their publicly reported numbers would crash. I've worked for a couple of companies that did this kind of thing - but it was a way for staff to get their sales bonuses at the end of the financial year. They'd book a sale on the last day - the stock would go out on the trucks (the point at which the invoice was issued to the customer), and then after the FYE had happened the trucks would return to the warehouse in the following FYE and be credited against the customer's account. The salesman concerned would be starting the new FYE with a negative number but he'd gotten his bonus for the previous year. And I've been on the receiving end of false deductions that are credited after quarterly results have been registered.
I'm surprised Sam did not mention this as well about Australia. ICE car dealers are registering sometimes hundreds of cars at the end of the year and report them as sold because the sales figures are based on number of cars registered. They are sold as demonstrators with near zero milage at the start of the following year. Car dealers are doing this to make the numbers look good but mostly to get volume discounts from manufacturers or importers.
It's a scheme to show temporary sale increases even if it causes a loss later. These OEMs are desperate and will just throw some sales manager under the bus and put all the blame on them.... while giving them a big bonus and severance package. Nothing to see here...move along.
@@paulkempinski4602 I'm not in the car business but volume discounts based on sales in - referred to as "over-riders" in the UK are common across a lot of industries. In fact for a lot of retail businesses the over-rider is their profit - without it they'd die. But pulling the sh*t you describe only works when you can grow sales - if sales actually decline year on year then the number of cars you need to register the following year gets bigger and bigger until it's non-sustainable.
Lots of things about lots of US systems are "very odd." They seem to go out of their way to do the opposite of whatever is considered normal and common sense in any other civilised country. A federal government with all the states going their own way probably doesn't help in this case, although the Australians seem to be able to pull coherent vehicle sales numbers together.
Where I live in California Hyundai Ioniq 5 is the most common non-Tesla EV I see. I promise you they are selling well that part is not fake. Does not mean there is no funny business, but I seriously doubt it is large scale.
Can confirm.. been visiting Southern California and I’ve noticed quite a lot of Hyundai and Kia. Even saw some Hyundai Ioniq 6 which are not even that common in Norway yet. If I lived in the US at this point I’d wait for Hyundai and Kia to switch to NACS, which might be next year? I think NACS will unlock a lot of growth, so the next years could get interesting. I’m not super impressed by USAs EV transition yet, but feels like it’s on the cusp of exploding. The situation in California feels very similar to Norway around 2015. And it was after 2015 that the growth was explosive there. From just a few cars on the road being EVs to around 30% of cars on the road being EV today.
According to UK research, 80% of Hyundai car sales are fleet sales.(include rental)This explains why you see so many Hyundais on the road. The brand often offers prices that are more affordable than a meal in New York City.
I bought a used Tesla model 3 from a a Hyundai dealer. They had no Ioniq’s. They said it was because they were waiting to install chargers. Plenty of ice vehicles though.
Japan has warned of heatstroke in Tokyo and other parts of the country as hot and humid conditions behind several recent deaths drove some people to use new “cooling shelters” set up around the capital. Authorities urge people to avoid physical activity as the environment ministry issued TOP ‘DANGER’-level alerts, while media said people were left in hospital, with some dying from heatstroke symptoms over the last few days. “It’s a life-threatening emergency,” said 60-year-old Hisako Ichiuji, who resorted on Tuesday to a “cooling shelter” at the capital’s Tokyo Tower, a popular tourist spot.
That's only legacy auto EVs. They have negative margins and require far less servicing than ICE vehicles, so the dealers can't make as much money on parts and servicing costs. Buyers who want EVs buy better vehicle, Tesla etc, online and current EV owners don't trade their non legacy auto EVs at dealers when they upgrade. The outdated dealership model doesn't work for EV s. They're some of the real reasons dealers don't want to sell them and why they sit in lots,they're only legacy auto EVs however.
Okay, maybe I misunderstood what you were saying here, so apologies if I did. From what I understood, Hyundai are counting a sale at the time of vehicle registration as a demo, for the small number of demo cars that they have, instead of counting the sale when it moves onto the second owner - that would be when it transfers from the owner being the dealership to the new private owner. I can't really see the issue with that, other than the sale is made a few months earlier. How would that inflate sales figures?
It seems that some people in the U.S. might not fully understand the issues surrounding Hyundai. While some believe Hyundai is a great brand, it's important to look at the facts. The National Highway Traffic Safety Administration (NHTSA) has issued recalls for certain Hyundai models, which indicates there have been safety concerns especially EV OR ICE FIRE RISKS. Hyundai does offer attractive incentives like a 10-year warranty and affordable rental prices. However, these benefits might not address all potential concerns. For instance, some people opt to rent a new Hyundai vehicle every two years, which can lead to an increase in the inventory of dealers. This situation might suggest that there are underlying issues with the vehicles that aren't immediately apparent.
Their sales are quite solid as is, they have won a ton of awards and helped Tesla drop 18% market share in a year. Problem is their dealers pretty much suck and who cares about literally a few loaner cars when their sales are climbing by the tens of thousands every year? Yeah, it's the lousy dealer network
The USA has an interesting auto market. A lot of dealers/companies carrying multiple brands, and some of them seem to be anti-EV. As to why these dealers should sue their supplier is beyond me. It isn’t as if H/K are trumpeting their sales figures. Someone looking to make a buck - who knows? But I do see like a lot of others, that Hyundai/Kia are two of the commonest brands of EV on the road where I live, after Teslas and Nissan Leafs. And I also heard about the bad reputation of some of their dealers, which put me off buying an Ioniq. Maybe they should counter sue for defamation.
Around here Tesla still number one closely pursued by various Chinese, mainly BYD and MG. Ioniqs come in well down the pack. The perception is they are too expensive and in comparison poor value.
Dealers in the USA will do ANYTHING to stop EV's. EV's don't need half the maintenance of an internal combustion car and destroy the dealer's business model.
Because Tesla's are boring appliances for people who don't even want to drive. There is a train Hyundai and Kia keep winning these awards, because they are freaking good!
I don't understand that. If its an loaner it's registered so what they count it internally sold to the dealer or a customer I don't care. They could not make that with 10.000 cars. So I don't care
The reason it stinks is because the dealer doesn't really want these cars and is holding them only long enough to show good numbers. They then sell the car as used to an end consumer at a lower price. Great you say for the customer... maybe. But the OEM is paying off or bribing the dealer with extra cash incentives to do this. This screws the company's financials, lowering their cash position. Ergo it is painting a false picture of sales health to stock holders as well as materially hurting the company's balance sheet.
@nickmcconnell1291 This is normal practice in Germany all the time. It's normal to clear out inventory this way. The dealer registers a car for one day, so he is able to sell it at a lower price. Business as usual, IMO. Even for getting incentives, they will register thousands of cars...
This is very common in the US for dealers to basically lie about sales by moving new cars to their demo car fleet in order to mislead sales figures. The US car dealer business model is way less regulated than typical EU dealers so these kinds of shenanigans and often outright fraud are common, this is why US car dealers rank at the bottom of the worst business in the country.
Hey Sam are you going to comment on Australias wind turbine factories plan to destroy the environment in Queensland? You should, I’m waiting for the environmentals to comment on why it’s a good thing by destroying what should be national parks and animal preservation locations.
What he is reporting might be very well true, also he claimed himself that does not know if it is true. The allegations itself came from their own dealers. He reports automotive news, is this not worth reporting? This, IMHO, is not FUD, but news worth reporting, even if they do make great EV's.
"Seem"? Good thing there are actual journalists giving out the awards and Hyundai and Kia are taking it in. Tesla's are boring appliances cars for people who don't even want to drive.
Personally, I am outraged by this - that it's only Hyundai dealers doing it. If all it takes to get people into EVs is a few white lies about how many others are doing it, then by all means BS away.
![[Gegagedigedagedago] NEW Help Gegagedigedagedago Nugget escape from Nikocado Avocado Challenge](http://i.ytimg.com/vi/hJWnwRC2Fz8/mqdefault.jpg)
51,3% EV sales in Denmark 🇩🇰 June 2024.....
Denmark has three people in it.
@@jeffw1267 50% EV sales in China. June 2024. 1.400.000.000 in it. 🙂
@@jeffw1267Population numbers is never an excuse. A US state might have 3x the number of people. But they also have 3x the number of electricians. There’s nothing about having more people that makes it harder to transition to EVs.
There are US states that are the same size as a Northern European country. What’s their excuse for not having the same share of EV sales?
Seems an odd way of reporting sales - here in Ireland, (probably all of EU?), sales figures are based on vehicles registered. Once registered, a vehicle’s identity is in the system.
There is a possibility of dealers registering extra cars as demonstrators - but those cars have to be eventually sold- usually at a discounted price, as they are effectively “second-hand”, with one registered owner (the dealer) already on the car’s record.
Sam’s story here, sounds like the US registration system is not being used for declaring sales figures. Sounds very odd.
And I don't really see the point of Hyundai doing what's being alleged - if the dealers are temporarily listing loaners as actually sold, only to adjust them back later, then there's no benefit. The "scam" would only succeed in giving a short term blip for a Quarter or two - because it would only work if sales were rising. Once they stopped rising Hyundai would be left with egg on their face as they have less "real" sales to conceal the "fake" ones and their publicly reported numbers would crash.
I've worked for a couple of companies that did this kind of thing - but it was a way for staff to get their sales bonuses at the end of the financial year. They'd book a sale on the last day - the stock would go out on the trucks (the point at which the invoice was issued to the customer), and then after the FYE had happened the trucks would return to the warehouse in the following FYE and be credited against the customer's account. The salesman concerned would be starting the new FYE with a negative number but he'd gotten his bonus for the previous year. And I've been on the receiving end of false deductions that are credited after quarterly results have been registered.
I'm surprised Sam did not mention this as well about Australia. ICE car dealers are registering sometimes hundreds of cars at the end of the year and report them as sold because the sales figures are based on number of cars registered. They are sold as demonstrators with near zero milage at the start of the following year. Car dealers are doing this to make the numbers look good but mostly to get volume discounts from manufacturers or importers.
It's a scheme to show temporary sale increases even if it causes a loss later.
These OEMs are desperate and will just throw some sales manager under the bus and put all the blame on them.... while giving them a big bonus and severance package.
Nothing to see here...move along.
@@paulkempinski4602 I'm not in the car business but volume discounts based on sales in - referred to as "over-riders" in the UK are common across a lot of industries. In fact for a lot of retail businesses the over-rider is their profit - without it they'd die. But pulling the sh*t you describe only works when you can grow sales - if sales actually decline year on year then the number of cars you need to register the following year gets bigger and bigger until it's non-sustainable.
Lots of things about lots of US systems are "very odd." They seem to go out of their way to do the opposite of whatever is considered normal and common sense in any other civilised country. A federal government with all the states going their own way probably doesn't help in this case, although the Australians seem to be able to pull coherent vehicle sales numbers together.
Sounds to me like some Hyundai dealers don't want to carry EVs, but are being penalized by withdrawn incentives if they don't.
Where I live in California Hyundai Ioniq 5 is the most common non-Tesla EV I see. I promise you they are selling well that part is not fake. Does not mean there is no funny business, but I seriously doubt it is large scale.
😂😂😂 sure 👍
Can confirm.. been visiting Southern California and I’ve noticed quite a lot of Hyundai and Kia. Even saw some Hyundai Ioniq 6 which are not even that common in Norway yet.
If I lived in the US at this point I’d wait for Hyundai and Kia to switch to NACS, which might be next year? I think NACS will unlock a lot of growth, so the next years could get interesting.
I’m not super impressed by USAs EV transition yet, but feels like it’s on the cusp of exploding. The situation in California feels very similar to Norway around 2015. And it was after 2015 that the growth was explosive there. From just a few cars on the road being EVs to around 30% of cars on the road being EV today.
According to UK research, 80% of Hyundai car sales are fleet sales.(include rental)This explains why you see so many Hyundais on the road. The brand often offers prices that are more affordable than a meal in New York City.
I bought a used Tesla model 3 from a a Hyundai dealer. They had no Ioniq’s. They said it was because they were waiting to install chargers. Plenty of ice vehicles though.
Sounds like a life long project😮😂
@@ropi4524works awesome. :)
Me and two other Ioniq6s that I see in Winston-Salem, North Carolina. So that's 3. Hmmm, carry the 1, that's 48,500 Ioniq6s sold in the World.
😂
Japan has warned of heatstroke in Tokyo and other parts of the country as hot and humid conditions behind several recent deaths drove some people to use new “cooling shelters” set up around the capital. Authorities urge people to avoid physical activity as the environment ministry issued TOP ‘DANGER’-level alerts, while media said people were left in hospital, with some dying from heatstroke symptoms over the last few days. “It’s a life-threatening emergency,” said 60-year-old Hisako Ichiuji, who resorted on Tuesday to a “cooling shelter” at the capital’s Tokyo Tower, a popular tourist spot.
Or maybe dealers don't want to sell EVs for all the reasons we are well aware.
That's only legacy auto EVs. They have negative margins and require far less servicing than ICE vehicles, so the dealers can't make as much money on parts and servicing costs. Buyers who want EVs buy better vehicle, Tesla etc, online and current EV owners don't trade their non legacy auto EVs at dealers when they upgrade. The outdated dealership model doesn't work for EV s. They're some of the real reasons dealers don't want to sell them and why they sit in lots,they're only legacy auto EVs however.
Okay, maybe I misunderstood what you were saying here, so apologies if I did. From what I understood, Hyundai are counting a sale at the time of vehicle registration as a demo, for the small number of demo cars that they have, instead of counting the sale when it moves onto the second owner - that would be when it transfers from the owner being the dealership to the new private owner. I can't really see the issue with that, other than the sale is made a few months earlier. How would that inflate sales figures?
If it’s not true, those dealers and the law firm are going to a lot of expense for nothing. Not likely.
Wow Hyundai cheers mate
It seems that some people in the U.S. might not fully understand the issues surrounding Hyundai. While some believe Hyundai is a great brand, it's important to look at the facts. The National Highway Traffic Safety Administration (NHTSA) has issued recalls for certain Hyundai models, which indicates there have been safety concerns especially EV OR ICE FIRE RISKS.
Hyundai does offer attractive incentives like a 10-year warranty and affordable rental prices. However, these benefits might not address all potential concerns. For instance, some people opt to rent a new Hyundai vehicle every two years, which can lead to an increase in the inventory of dealers. This situation might suggest that there are underlying issues with the vehicles that aren't immediately apparent.
Their sales are quite solid as is, they have won a ton of awards and helped Tesla drop 18% market share in a year. Problem is their dealers pretty much suck and who cares about literally a few loaner cars when their sales are climbing by the tens of thousands every year? Yeah, it's the lousy dealer network
It is normal to not comment if you said you are investigating the issue. It can still go either way
Next to Teslas, Ioniq 5s are te most common ev where I live, and there are a lot of evs here.
Both KIA and Hyundai ICE/Hybrid sales obliterate their EV sales here in the states.
Georgia plant is up, building ioniq 5.
Big news
I suspected something was fishy when I read that the MY and M3 were the two top selling autos in Korea, ahead of Hyundai and Kia in their own country.
The USA has an interesting auto market. A lot of dealers/companies carrying multiple brands, and some of them seem to be anti-EV. As to why these dealers should sue their supplier is beyond me. It isn’t as if H/K are trumpeting their sales figures. Someone looking to make a buck - who knows? But I do see like a lot of others, that Hyundai/Kia are two of the commonest brands of EV on the road where I live, after Teslas and Nissan Leafs. And I also heard about the bad reputation of some of their dealers, which put me off buying an Ioniq. Maybe they should counter sue for defamation.
Around here Tesla still number one closely pursued by various Chinese, mainly BYD and MG.
Ioniqs come in well down the pack. The perception is they are too expensive and in comparison poor value.
Morning mate
I have always assumed this type of sales figures inflations was a norm is the whole car industry
@@whatupyo7260 Not sure
Hyundai EVs are not selling in Thailand. Kia is.
I'm in New York there on the road and often.
Dealers in the USA will do ANYTHING to stop EV's. EV's don't need half the maintenance of an internal combustion car and destroy the dealer's business model.
Hyundai ionic 6 car of the year for 2023 you believe that?
Tesla model Y was #1 selling model over Toyota Corolla
Not in my country.
Huyndai Ionic 6 was car of the year because Hyundai paid a lot if ad money to those magazines that voted
Because Tesla's are boring appliances for people who don't even want to drive. There is a train Hyundai and Kia keep winning these awards, because they are freaking good!
Ioniq 6 is more efficient than any Tesla. In fact, ioniq 6 is most efficient mass produced car in history.
@@DanielBrownOre The Ionic6 is about the ugliest EV produced... GMC Pacer was pretty bad... I6 is right there.
I don't understand that. If its an loaner it's registered so what they count it internally sold to the dealer or a customer I don't care. They could not make that with 10.000 cars. So I don't care
The reason it stinks is because the dealer doesn't really want these cars and is holding them only long enough to show good numbers. They then sell the car as used to an end consumer at a lower price. Great you say for the customer... maybe.
But the OEM is paying off or bribing the dealer with extra cash incentives to do this. This screws the company's financials, lowering their cash position. Ergo it is painting a false picture of sales health to stock holders as well as materially hurting the company's balance sheet.
@nickmcconnell1291 This is normal practice in Germany all the time. It's normal to clear out inventory this way. The dealer registers a car for one day, so he is able to sell it at a lower price. Business as usual, IMO. Even for getting incentives, they will register thousands of cars...
I hope this leads to a glut of cheap Ionic 5
I don’t do business that sells the most. I do business with a honest company, even if it means slower sales.
That's different from BYD how??? 😂
Sam you sound Like an American, It's Hyundai NOT Hunday
🎉
This is very common in the US for dealers to basically lie about sales by moving new cars to their demo car fleet in order to mislead sales figures. The US car dealer business model is way less regulated than typical EU dealers so these kinds of shenanigans and often outright fraud are common, this is why US car dealers rank at the bottom of the worst business in the country.
Hey Sam are you going to comment on Australias wind turbine factories plan to destroy the environment in Queensland? You should, I’m waiting for the environmentals to comment on why it’s a good thing by destroying what should be national parks and animal preservation locations.
And they thought that nobody is going to rat 😂😂😂
I bought a I5 in March and is one of the best cars we have ever owned. Why are you reporting this unless you want to help spread EV FUD.
Just take a quick look at his videos and you will notice he is following china .
What he is reporting might be very well true, also he claimed himself that does not know if it is true. The allegations itself came from their own dealers. He reports automotive news, is this not worth reporting? This, IMHO, is not FUD, but news worth reporting, even if they do make great EV's.
Shoot the messenger
The world doesn't revolve around you lol
This channel is a TSLA pumper channel, that's why. Anything not tesla bad, whatever tesla perfect.
😂😂😂 Bye bye American empire and smoke of Lies (🍪🍪🍪PIES🇰🇷🇰🇷🇰🇷)
Learning the ropes from Japanese.🤣
I believe it. Hyundai EVs don't seem very impressive to me, they're nothing compared to Tesla and Chinese EVs.
"Seem"? Good thing there are actual journalists giving out the awards and Hyundai and Kia are taking it in. Tesla's are boring appliances cars for people who don't even want to drive.
Personally, I am outraged by this - that it's only Hyundai dealers doing it. If all it takes to get people into EVs is a few white lies about how many others are doing it, then by all means BS away.
Huyndai Ioniq 5 is small and looks edgy, not selling as well as Tesla model Y. Hyundai Ionic 6 is very rare in the US.
Small? It has the same wheelbase as the Palisade. I have an EV6 and it's the biggest car I've ever owned, seats 5 very comfortably.
Small? 🤣😂🤣
Did u see any ioniq 5 real life?? Lol
Interesting there is never a video about china fakery, sales figure or otherwise.
How many loaner cars could there be per dealer?