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Hump day has arrived yet again and Nissan is again attempting to get over the hump of overproduction. On the EV side of things, Tesla is beginning to crack down on resellers and a couple companies are bringing supercar power to their EV lineup.
- Nissan battles a surplus of 2023 Rogue models, turning to dealer incentives to clear inventory as new 2024 Rogues arrive.
- Nissan currently has over 24,000 unsold 2023 Rogues, and has seen the longest turn (55 days) in comparison to other compact crossovers.
- Nissan is deploying sales incentive strategies not seen since before the pandemic where dealers can get a $1,000 bonus per 2023 Rogue sold if March sales targets are met.
- Nissan admits to overestimating demand, now implementing strategies, including long-term financing offers, to mitigate surplus. "We probably were uber-aggressive on what we took in production," says U.S. sales chief Judy Wheeler.
- Tesla has begun enforcing its no-resale clause on early Cybertruck owners, canceling additional reservations for those attempting to sell their pickups for profit.
- Tesla has issued a statement and begun canceling reservations for owners selling their Cybertrucks, enforcing a "no resell" clause to prevent flipping for profit.
- Some Cybertrucks have sold at auction for over $200,000; even Ford purchased one, likely for reverse-engineering.
- Tesla refunded $100 deposits for canceled reservations but warned it won't do business with sellers in the future.
- Porsche has set a new lap record at the iconic Laguna Seca Raceway. The Taycan Turbo GT, Porsche's latest electric marvel, eclipsing the previous best time set by a Tesla Model S Plaid.
- The Turbo GT model’s starting price is $231,995 and is capable of hitting 60 mph in 2.1 seconds with a top speed of 190mph.
- Porsche CEO Oliver Blume was unable to make it in person for the lap, but watched it on Porsche’s Apple Vision Pro race app.
- Several days later, the EV also set the top lap at the Nürburgring race course, once again beating the previous best time by a Tesla Model S Plaid.
- Meanwhile, BYD has unveiled the Yangwang U9, an all-electric supercar that packs a punch with 1,300 horsepower. Priced at $230,000, this marks BYD's bold entry into the high-performance automotive arena.
- The U9 does 0 to 60 mph in just 2.3 seconds, thanks to its quad-motor setup, and hits a top speed of 192 mph, and also features an DiSus suspension system which allows it to perform a brief vertical jump
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