EV Sales Down As Much as 80% post $7500 Tax Credit

That’s a shame.

" Kia and Hyundai reported their top EV models dropped between 52% and 71% from a year earlier. Some models, such as Hyundai’s Ioniq 5 and Ioniq 9 EVs, fell by 80% and 71% from September to October, respectively, according to its reported sales. It was a similar story for comparable vehicles at Kia, which is owned by Hyundai Motor but largely operates separately in the U.S.

Sales for October in general took a dive. :man_shrugging:

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Cool. Now do gas. October was the worst month for the industry in probably 2+ years. Enjoy your recession.

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The cope is strong with you…

Ford’s U.S. sales for October 2025 increased by 1.6% year-over-year, reaching 175,584 vehicles, largely due to strong demand for its pickup trucks, which offset a significant drop in electric vehicle (EV) sales. Gas-powered vehicle sales were up 3.4%, while EV sales dropped 24.8% and hybrid sales were down 4%.

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I’m seeing recession indicators across the board from restaurants to cars to real estate.

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My wife’s hospital is seeing a big drop in end-of-year elective surgeries y/y. One of her close friends is a dentist in the midwest - people aren’t doing routine dental work because of the out of pocket cost of it. But you have to “cope”, I guess.

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You said do gas powered. I did.
Cope more.

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Speaking of dental work, a family member was in an out of dental appointment in NJ in less than a week. Availability is high.

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Crown in Colombia $400. USA 2500. Free vacation plus some left over. Dentist went to univ of Miami and was great. My previous crown broke after 5 years getting it done in the USA.

Dentists in America and the whole dental insurance industry is borderline scam. I get a cleaning everytime I go away which reminds me I need to schedule one for next week. Cleaning exam and a whitening will be $75 if that

My friend owns a dental practice and makes a fortune. So it’s not just their overhead being in the USA.

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One of the contractors I was using said he got all his teeth replaced in Costa Rica for $25k. Here it would have been $75k. Said the facilities were first class and they put him up in a hotel. I’ve heard a lot of people travel across the border from Texas into Mexico as well.

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2+ years ago we were in the early stages of a 3 year bull market run that has yielded substantial gains. Not saying we’re going to repeat that, but removing a political lens is always beneficial when evaluating the economy.

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I knew there was a reason I was mostly seeing “one-pays” all October long…

Aspen Group’s (Apend Dental and ClearChoice parent company) annualized net revenue for H125 was $4.2B, up 8% YOY. But OK nobody’s going to the dentist anymore, I guess?

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My friend’s GF is a roving dental surgeon. She does “specialty” procedures that requires extra training and not a lot of dentists have. The money she makes is off the charts, and she has no overhead either. Shows up, does the surgery, on to the next one. I told him marry this girl before she realizes she can do better than you. :grinning_face:

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A common theme as we brace for 2026. We’re in for a tough stretch.

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Would think people getting elective procedures are flush right now. Unless it’s maybe getting lip fillers and other Botox procedures. The wealthy have never been wealthier.

I guess what this shows is middle class people have been just wasting their money on vanity instead of saving when they thought “times were good”. If I was a pencil pusher who knew my job was BS and easily replaceable id be very scared right now and def put off the nose job. But then again might need it if my only option next was OF

We have a whole generation that hasn’t seen an “official” recession ever so many just have been yoloing

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You’re spot on. The problem is when the middle class evaporates and civil unrest is inbound, who buys the products? AI is very real, and it will replace many jobs.

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I’m gonna sell rav4s to robots. Duh they don’t like evs either :joy:

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They’ll probably get tired of humans! :upside_down_face:

Gotta love it. In 2022 when we had 2 quarters of negative growth it wasn’t a recession. Now, the last quarter was 3.8% GDP growth and it is a recession. I mean OK, if y’all wanna live in a doom and gloom world, have at it.

Meanwhile S&P500 is up 16% YTD and Amazon just had one of its best quarters ever. I’ll take that as more accurate data than what some dentist’s office is doing.

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