December 2022 sales

[YEH]

USA - 6,149 (56,198 yearly total)
GV60 -
G70 - 1,054 (12,649)
GV70 -
G80 - 345 (4,125)
GV80 - 1,963 (17,521)
G90 - 133 (1,172)

Yearly record good for a 0.43% share of the market.

Over 15k for the 4th Q.

Growth for this year will be predicated on how many GV70 EVs they can build each month, but 70k for the year should be doable barring any major interruptions.

W/ increased production capacity, the Telluride did nearly 11k in sales last month, so Genesis has a ways to go.

 

[ultra63]

USA - 6,149 (56,198 yearly total)
GV60 -
G70 - 1,054 (12,649)
GV70 -
G80 - 345 (4,125)
GV80 - 1,963 (17,521)
G90 - 133 (1,172)

Yearly record good for a 0.43% share of the market.

Over 15k for the 4th Q.

Growth for this year will be predicated on how many GV70 EVs they can build each month, but 70k for the year should be doable barring any major interruptions.

W/ increased production capacity, the Telluride did nearly 11k in sales last month, so Genesis has a ways to go.

better dealerships would also help sales

 

[YEH]

^ At this juncture, the bottleneck for sales is in the production capacity for the Genesis CUVs.

GV60 - 177
GV70 - 2,447
GV80 - 1,963

By far the best month for combined GV70 and GV80 sales (4,440) w/ the GV70 finally cresting the 2k mark.

Having a built-out Genesis dealer network may improve sedan sales marginally, but the real sales volume for Genesis is in its CUVs.

Greater supply of the GV70 and the GV60 will be the impetus for sales growth this year, irrespective of the status of the dealer network.

Like for the aforementioned Telluride, sales was capped by available supply; the Telluride has gone from 60k/yr in sales to 100k/yr, but would have done 100k/yr from the start but the production capacity was capped at around 60k then (and has since increased to 80k/yr and now 100k/yr).

 

[vin0770]

USA - 6,149 (56,198 yearly total)
GV60 -
G70 - 1,054 (12,649)
GV70 -
G80 - 345 (4,125)
GV80 - 1,963 (17,521)
G90 - 133 (1,172)

Yearly record good for a 0.43% share of the market.

Over 15k for the 4th Q.

Growth for this year will be predicated on how many GV70 EVs they can build each month, but 70k for the year should be doable barring any major interruptions.

W/ increased production capacity, the Telluride did nearly 11k in sales last month, so Genesis has a ways to go.

I was one of those 345 G80’s sold . Traded in my 2022 GV70 for it so net zero Genesis growth, but I’m a Genesis believer. Someday I’ll be able to look back and say I was one of those early Genesis buyers that jumped in when people use to ask… ”what’s a Genesis?”

 

[YEH]

^ Still, 2 Genesis sales from you within a year or so, with one being a sedan...

 

[YEH]

Korea - 15,205 (monthly record)

 

[vin0770]

Korea - 15,205 (monthly record)

Production back up to pre Covid?

 

[YEH]

Unless December was an anomaly, the 21,354 Genesis vehicles sold in Korea/USA would be better than any pre-Covid month, so if they can keep it up (if not increase it further with additional eGV70 and GV60 production), bodes well for Genesis going forward.

Even w/o the additional builds, over a 12 month period, that translates to 256,248 sales in just Korea and the US.

Genesis is already far more profitable than Infiniti and Acura ever were.

 

[YEH]

If not for Lexus' China sales, I'd bet that Genesis is more profitable than Lexus.

Dealership profitability is another thing as Lexus dealerships are among the tops for profitability.