...the EV scene in China is very different to that in the US.
Dealers are getting absolutely CRUSHED on EVs:
The Ford Mustang Mach-E was selling for $10,000 ABOVE MSRP less than 2 years ago.
Today, this Mustang Mach-E is listed for $31,547 BELOW MSPR.
That's nearly 60% below the suggested selling price for a brand new car.
The worst part?
This car has been sitting on the market for 6 weeks and it still has not sold. An EV fire sale is an understatement for most manufacturers and dealers.
Ford has ramped down production of its EVs recently as they are quickly realizing there is no demand. Inventory from 2023 has still not sold and its 3 months into 2024. Is Tesla simply dominating the market?
