A short conversational YouTube clip (Service Driver Revolution) discussing recent moves in the electric vehicle market. Speakers note Ford cut F-150 Lightning prices (some models up to $10,000), reference Tesla's recent price adjustments, and report Q2 2023 sales figures the speakers cite (4,466 F-150 Lightnings and 466 Teslas as stated). They also cite broader market inventory: new vehicle inventories at about 1.95 million, an overall average days-of-supply of 53, and a much higher EV days-of-supply (~103). The hosts debate consumer acceptance of EVs, cultural factors (American truck/diesel affinity), and longer-term manufacturing and China-driven strategy. The clip ends with Chris Collins' promotional sign-off.
Questions this video answers
Up to $10,000
4,466
466
1.95 million
53 days
Chapters
Ford is in the news because they just cut their prices on the electric F150. The F150 Lightning, some models buy as much as $10,000, which I thought was really interesting because that's following suit. Tesla a few few weeks ago had a price decrease because they're trying to hit like the, there's a tax credit that you can get and there's some certain qualifiers that the thing had to do. But they'd increase the price many times on the F F100 Lightning because of cost of supplies for the batteries and all the materials and everything like that, which I thought was really interesting. So then I, I read a little bit further into this and it kind of supports your story. But you want to take a guess at how many Ford Lightning trucks were sold? And I'll put this into perspective for you in a second. In the second quarter of 2023, how many F150 lightnings do you think were sold?
So they said what do they sell like 800,000 trucks in a year probably. And so that's 200,000 a quarter quarter. So I'm gonna guess that the Lightnings are 50000 of that. Okay, so 50, 000 Ford Lightning sold.
So they sold 4466, which sounds like, oh, people aren't buying the electric cars or electric trucks, which is.
Ouch.
What you kind of suggested. And just putting that into perspective.
Guess how many Teslas got sold in the second quarter?
Some crazy amount.
466.
100 Tesla might sell 2 million cars this year.
Yeah, they've got it. They got an outside chance.
But I definitely, but the, the Lightnings are on the ground.
The Lightnings are on the ground because.
Day'S supply is increasing, right?
Yes, that's in a, that's. Oh, I could probably just match that right into the next story because new vehicle inventories are up to 1.95 million.
Which means.
How much, how many days supply is that?
So there's two different metrics that I want to give you on this one is that overall the average day's supply is 53.
Now, almost at two months.
Yeah, but they've got a specific day.
Supply on electric vehicles and that's lower or higher.
Higher. Much higher. Almost double 103. So over a three month supply.
And that's not just Ford. That's everybody.
That's everybody.
Yeah. I don't, I don't think a lot of the country is up for the electric thing. Like we think people aren't just going to Adopt it. Like it was funny. We went to dinner the other night. I don't know. You weren't there. Why weren't you there? I don't know. But it was down here in the valet. This guy comes up to me and he goes, oh, I love your, your range over. And I was telling him how I wrapped it after Tyson Fury's like, I did Tyson Fury's camouflage wrap, but just in blue.
Right.
And he was like, oh, yeah, I've seen that before. Because Tyson Fury's.
Rover is kind of famous because he parks in handicap spots. If you don't know who Tyson Fury is, he's a boxer from England.
Yeah.
So in England, by the way, he's driving on the wrong side of the.
Vehicle over there on purpose.
They sell it that way over there.
Oh, interesting. Okay.
And the guy was going, oh, I just got the new one. And I was like, how is it? He goes, don't get the hybrid. Don't get the hybrid. He goes, it's terrible. And I think people are.
We'Re for this electric car thing is being forced on people. They didn't ask for it. Yeah.
I think that there's, there's definitely a thing where there's Tesla and then there's electric cars. And no one's forcing Tesla on anybody. But the other stuff, though, those manufacturers feel like they have to get into this game just to compete because China. Yeah.
So China started by 2026. You can't sell full electric combustion. And so Volkswagen, like, you know, these guys sell. So China's twice as many new cars as.
Yeah. Wasn't it you that told me that a lot of the manufacturers sell more in China than they do here in the States?
Yeah.
So they're playing to that. Not to the, not to the US But.
Well, if you're building a factory. So they think, okay, we're building a factory. The, the. It's more expensive in the beginning to build these factories for electric cars, but it's less parts in the end. It should be cheaper to build these cars once they have the momentum and the, the volume.
Right. And that's just the part they're missing right now.
But if you have a hundred and something day supply, you don't have the, you're not, you're not gaining the volume to lower the price. It's going to be interesting. The, the problem is Tesla is so far out ahead of everybody. I know we hear that, but it's right in front of our face that they're so far out ahead of everybody that it's not even foreign. It's not even fair.
Yeah, well, I do like. I mean, I love the concept of the. Of the F150 Lightning. The fact that in the marketing that they did with it where it can generate your, you know, it can power your house if the power goes out. Like, there was. There's some cool stuff. I don't know why it didn't.
I wanted my mom to get it. Because it can power the house.
Yeah.
So if their power goes out, they.
Live in the blogging.
They buy the truck instead of having to put a generator on the house that f or the lightning serves as that generator.
Yes.
Not interested.
Not interested.
So you think that's because of Tesla is put that negative towards certain parts of the population where there's a negative viewpoint on electric.
They don't have a negative viewpoint of Tesla. They. They rode in, in my Tesla. And, like, you know, my stepdad's a car guy, so he's riding in the fastest production car. You know, we. I sent him pictures of my buddy's Ferrari that he, you know, got, and he's a huge fan of cars. And so the idea that. That Tesla is faster than the Ferrari and it's all. It's all exciting to him because he's a car guy. He liked riding in it.
I think the idea of plugging it in.
And then the one thing that they said is we don't want to learn the new technology.
Which it isn't.
I didn't feel like it was overly different.
No. But to them.
Being that, you know, being older, they just aren't up for it.
Okay.
There's a perception. I don't think. I don't think, you know, this is America.
Like, oh, there's just.
You tell me to wear a mask, I don't want to wear a mask.
Yeah. And there's Americana to big truck with a nice engine. Engine.
Yeah, the diesel. There's just something about it.
It's American respect for the diesel engine and all its dirty, dirty glory.
Meanwhile, hottest summer in. In recorded history, which means more cars and trucks are breaking. He who has the technicians wins.
That's right.
Thanks so much for watching this clip of Service Driver Revolution. We're uploading new stuff every day, so make sure you subscribe and click the bell icon so you don't miss out. If you have a question you'd like us to answer on the show, call 8333-ASK SDR and we'll answer your question on the show. That's 8333-ASK SDR. For special deals on our books and training, head over to offers.chris collins inc.com that's offers.com chris collinsinc.com I'm Chris Collins, and I'll see you in the next video.
