Announcing our new "CLUBS" section where you can join or create a Rivian club or group! You can use this new feature to conveniently plan and discuss local events, gatherings or other club/group related topics.
So we encourage you to join (or start) special-interest and regional-based Rivian clubs at: https://www.rivianforums.com/forum/group-categories/clubs-groups.1/
Exactly right. The market for $90K-$100K pickups is small and Rivian needs a lower priced product to keep up the volume.
Peak ICE sales year was 2017. Going down ever since.
Rivian originally specked a lower price 4 motor R1T. It was the Explore Package. It was sans the expensive Adventure Package options like the motorized tonneau cover, the Meridian sound system, the wood trim on the dash and doors, the color coordinated outside rear view mirrors, and the air conditioned seats. The price on this Explore Package R1T was $67,000 including the $2,500 upcharge for the Rivian Blue paint. In white or Silver, this R1T would have stickered for $64,500.
There is definitely alot more than 200 in their inventory. I am not commenting on if the amount is good or bad, but if you follow the quarterly reports and do the math on the difference between produced and delivered....it is a big number. I keep wondering all those produced but not delivered vehicles are going.
As long as the production is growing, this gap will always increase. It’s not indicative of slowing demand, but more of bottlenecks in the delivery system.
I would argue that we don't really have that data. There's a bunch of FUD articles claiming a whole lot with very little in the way of numbers to back anything up. The only numbers I've seen recently other than days on a lot of new EVs (which only speaks to MFG volumes/ demand ratios, and markups of legacy automakers) is that in CA the share of new EVs sold is 25% of all vehicles in Q2'23, up from 19% last year and 12% the year before (https://www.energy.ca.gov/data-repo...e-and-infrastructure-statistics/new-zev-sales).
we have the data straight from the proverbial horses mouth.
Every EV manufacturer only has their own sales numbers to work with. As more manufacturers enter the field and ramp production, the market is flooded with inventory. I alluded to this w/ time on lots, etc... If market-wide production increases 100% but sales only increase 50%, then an EV maker would claim sales is "slowing" as they can't move 2 vehicles for every 1 sold, but it also doesn't mean the market is slowing down, it means people are bad at predicting how much the market would absorb at what cost on what timeline.
