Home » Many Good Cars Are Coming In 2023, But The Market Will Stay Weird

Many Good Cars Are Coming In 2023, But The Market Will Stay Weird

Hyundai Ioniq 6 2023 1600 2a (1)
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Congratulations, Autopians, because 2022 is nearly over! We sure showed this dumb year who was boss. Since we’re all winding down before New Year’s Eve there isn’t a ton of news today, but we can talk about the biggest, shiniest new cars coming in 2023, Southwest’s recent holiday air travel disaster, and the problem with gigantic electric pickup trucks. Let’s light the tires and kick the fires. Something like that.

Welcome to The Morning Dump, bite-sized stories corralled into a single article for your morning perusal. If your morning coffee’s working a little too well, pull up a throne and have a gander at the best of the rest of yesterday.

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New Cars, Weird Time

1 Silverado Ev Reveal Ext Gal 13 Cropped
Photo: Chevrolet

It’s that time of year, isn’t it? Automotive News (sub required) has the big annual rundown of new cars we can expect to make debuts next year, and it’s a pretty interesting list. I think 2023 will be the year the electric vehicle market really gets serious and people start to realize Tesla isn’t the only EV out there.

Of course, that happens as supply chain issues, rising interest rates, an uncertain economy and absurd prices (both on the dealer and MSRP side) continue to be the dominant trends. Basically, we can fully expect 2023 to be another weird year on the car-buying front.

But CNBC speculates the auto industry could go from a supply problem to a demand problem as car prices skyrocket and people avoid big purchases ahead of a possible recession:

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“Ongoing supply chain challenges and recessionary fears will result in a cautious build-back for the market. US consumers are hunkering down, and recovery towards pre-pandemic vehicle demand levels feels like a hard sell. Inventory and incentive activity will be key barometers to gauge potential demand destruction,” said Chris Hopson, manager of North American light vehicle sales forecast at S&P Global Mobility, in a statement.

Put another way, will higher interest rates, growing recession fears and too much inventory force automakers to cut prices − and give up profits − to draw potential buyers to showrooms?

To which I say: Maybe? It feels hard to believe car prices will really go down, especially as automakers need to charge big premiums for their EVs and need the cash to scale up their electric ambitions. The used car market will also stay rough for a while, probably (???). It’s a supremely weird market based on unprecedented economic factors. Nobody really has this figured out.

If you are in the market for something new next year, however, Automotive News lists a few notable releases: the Chevy Silverado EV, the Kia EV9 SUV, a pretty big onslaught from Toyota (including a hybrid Tacoma) and the Acura Integra Type S, just to name a few.

There’s also the Tesla Cybertruck if they can get it out—and that’s probably still a big “if.” Elon Musk could probably do well to put down his phone, stop tweeting and get that one over the line.

Me, I’m especially excited about the Hyundai Ioniq 6, the super-rad cyberpunk EV sedan that runs on vibes. I probably won’t be buying one, but I am looking forward to seeing those on the road.

How Southwest Spent Its Money Ahead Of The Christmas Travel Catastrophe

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Photo: Southwest

I’m still relatively new at hanging with The Autopian kids and the usual suspects are on the road today, if they haven’t killed each other in a knife fight yet. So I’m not really sure how much we cover aviation news around here. But lots of car people are also plane people, it’s a slow news day, and who doesn’t love whining about air travel?

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You’re well within your rights to do that if you flew Southwest over Christmas. One of the worst nationwide winter storms in decades brought air travel to its knees, but Southwest—the airline you begrudgingly book when Delta didn’t work out for some reason—had an especially rough go. More than 2,500 flights were still canceled a week after the storm, leaving customers stranded.

It’s so bad that U.S. Transportation Secretary Pete Buttigieg is… well, he’s very upset! And he is going on the news to talk about how upset he is. From Reuters:

The rest of the aviation system and other airlines seemed to be back from the weather disruptions, Buttigieg said.

“So what this indicates is a system failure (at Southwest), and they need to make sure that these stranded passengers get to where they need to go and that they are provided adequate compensation, not just for the flights itself … but also things like hotels, like ground transportation, like meals because this is the airlines’ responsibility,” he said, adding he had spoken to the company’s leadership.

Scathing. It’s worth noting this happened, Southwest says, because of its own outdated technology and scheduling systems. Flight crews were available and willing to work, but Southwest was unable to place them. So what has Southwest been spending its money on over the past few years? Let’s ask the Washington Post:

What’s particularly egregious is the fact that Southwest had the money to upgrade its systems but chose to hand it to shareholders instead. The airline recently announced it would pay a dividend again that amounts to $428 million a year. Southwest also received more than $7 billion from the U.S. federal government to shore up its operations during the pandemic. It paid a quarterly dividend for years before the coronavirus struck, signaling to Wall Street that the airline had cash to spare.

Oh. Hmm.

Did you get stuck trying to travel over the holiday?

EV Trucks Bring Their Own Problems Because They’re Huge

The front three-quarter view of the Tesla Cybertruck
Photo: Tesla
I’m a big proponent of electrification for many reasons, but none of us should be under any illusions that it alone will solve the problems of climate change. In many cases, it will bring its own set of problems.

EVs tend to be very heavy because batteries are heavy, and since the car market has skewed more toward huge trucks and SUVs in recent years, that means heavy behemoth electric cars could become the norm; that isn’t great for pedestrian safety.

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Then there are the environmental concerns posed by those giant EV trucks. Forbes isn’t my favorite outlet for a lot of reasons but this piece nails a lot of the issues around making big, heavy EVs, specifically. And it points to the Cybertuck as being somewhat at odds with Musk’s own stated environmental goals:

While there may be environmental benefits from driving a Cybertruck instead of heavy-duty gasoline or diesel pickups from Ford or General Motors (which have their own battery-powered models), the large amount of energy, aluminum and mined materials needed to build it and an initial price that’s likely to be $70,000 or more seem to be at odds with Musk’s original climate-preserving principles. And while those mined battery materials might eliminate tailpipe emissions, extracting them can have environmental harms, including groundwater pollution from mining scraps and chemicals, and human costs when underage labor is used, such as at cobalt mines in Congo.

But let’s not pretend this is a Tesla-specific issue because I think that would be unfair. It isn’t. The entire car industry is about to deal with this stuff. Here’s Dan Becker, director of the Center for Biological Diversity’s Safe Climate Transport Campaign, in that same story:

“The increasing weight of electric vehicles is going to be a real problem in time. It’s not when they’re only a tiny fraction of the production,” Becker said. “All these trucks are going to require a lot of battery. Those batteries are going to require a lot of electrons. And those electrons are going to require a lot of power plants.”

So if you want to reduce carbon emissions as many automakers do—in many cases, because regulations are forcing them to, and not just for cars but production too—you have to try and green up the whole process from start to finish. BMW’s been doing some interesting things on this front, actually.
Just expect this to be more of a thing in the years to come.  Technically, we should maybe all be driving Changlis, but that could be a tough sell.

The Flush

What new car debut are you excited about next year?

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JDE
JDE
1 year ago

1st , even with the cattle call seating thing Southwest has been the go to for a decade, they usually are very good for on time flights and easy to work with. Delta has been crap since they merged with Northwest.

2nd, let’s hope the EV Silverado works out. yet another class action on GM for the defective lifters started a few weeks ago.

3rd, you missed the part about the weight of the EV’s in general, but more so on the EV half tons. highest selling vehicles, that will now destroy the roads much quicker due to weight. Until the road crews also go electric the increased need for repairs will also offset some of the environmental gains.

BuiltMNtough
BuiltMNtough
1 year ago

PG,

Keep up the good work shining light on the drawbacks on the EV “miracle solution”. Don’t let people who have been told what is good by the government bully you.

They marginalize the immense danger to the employees and HUGE amount of ENERGY it takes to extract the minerals out of the ground for the batteries, the ENERGY to transport the minerals, the ENERGY to transform the raw materials into the battery, the ENERGY to them transport those vehicles to the dealers.

How is electricity produced?? Unicorn farts and handfuls of hope? Unfortunately, mostly fossil fuels because they are still more efficient than “renewable energy”.

What happens to the batteries when they are used up? They can’t be recycled, they just get thrown in a landfill. Same with the short finite life of the “renewable energy” equipment.

Signed-

Trash and waste employee that hauls all previously said items to landfills

BuiltMNtough
BuiltMNtough
1 year ago
Reply to  BuiltMNtough

I forgot to mention the energy used to create the electricity.

Also… Our nation’s electrical power grid and infrastructure is severely outdated and barely able to handle our current energy demands. Prime example blackouts in California this summer. Can’t cool your house or charge your car.

Sounds absolutely wonderful!

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