I read a study about 7 or 8 years ago covering all non essential personal use vehicles, and at the time, $15,000 (not purchase price, but purchase and costs over 1 year) was the point where sales dramatically dropped off, be it motorcycles, kit planes, kit cars, snowmobiles, jetskis etc.
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Solo
- Thread starter aknaten
- Start date
I read a study about 7 or 8 years ago covering all non essential personal use vehicles, and at the time, $15,000 (not purchase price, but purchase and costs over 1 year) was the point where sales dramatically dropped off, be it motorcycles, kit planes, kit cars, snowmobiles, jetskis etc.
RSchneider
Elio Addict
I was just confused by the company itself. They seemed to not have a consistent plan. Build in Canada, then contract out in China then all of a sudden, go to Phoenix. They changed lots of upper management and then all of a sudden, wanted to buy back all of the cars? How in the world do you think running a business will work? It seems like they just went from the Solo to just selling themselves as a contract manufacturer. Honestly, it's just a warehouse. Are they expecting some big company to use them? I wouldn't because they seem to never make up their mind. Maybe they are waiting for Aptera to call them and have them build their thing? Maybe just make it a hub for delayed three wheelers companies. Nimbus, Elio, Arcimoto, Solo and Aptera. A consortium. Like Airbus, but the Airbus for three wheelers.I think the main issue was the price. I mean what is a half sized city car that fits only one person worth to you? No sportiness involved?
I think $15k is about as much you can go and generate any wide appeal. $19k was a bit too much.
The red one around here is still on the roads.
dbacksfan81
Elio Aficionado
JMO, the Solo was a niche car, inside of a niche market. The 3 wheeled market, to me, has always been a small market but there were/are buyers out there. The Solo might be a good second car for a married couple with no kids, or a and car for a single person that already has a regular vehicle for real trips out of town, taking the dog to the vet.
I think the buyback that ElectraMeccanica did with the Solo was the right thing to do, but it also, I think, ended the Solo. Having them say "Your car may lose propulsion without warning, and while other systems will work, your car will come to a stop, and may restart after a period of time, and we have no fix for it" would stop me from considering one.
https://www.emvauto.com/solo
It sounds like Xos is buying up manufacturing equipment in the deal, there's not much else there.
I think the buyback that ElectraMeccanica did with the Solo was the right thing to do, but it also, I think, ended the Solo. Having them say "Your car may lose propulsion without warning, and while other systems will work, your car will come to a stop, and may restart after a period of time, and we have no fix for it" would stop me from considering one.
https://www.emvauto.com/solo
It sounds like Xos is buying up manufacturing equipment in the deal, there's not much else there.
I listened to Jerry Kroll on a recent podcast. He apparently bought out the rights to everything Solo and contracted with a company that has engineered the fix for other EVs having had the same issue with the 12V battery drain. He plans to relaunch with the new and improved Solo 2 in 2025.
He wasn’t sure how many opted for the buyback, but stated that many of the current owners have experienced zero issues and prefer to keep their Solos. Comforted by the fact there is a well stocked inventory of parts available for their vehicles. Very responsible of ElectraMeccanica to offer the buy back option at 100% on the dollar paid. Not so with Arcimoto.
He wasn’t sure how many opted for the buyback, but stated that many of the current owners have experienced zero issues and prefer to keep their Solos. Comforted by the fact there is a well stocked inventory of parts available for their vehicles. Very responsible of ElectraMeccanica to offer the buy back option at 100% on the dollar paid. Not so with Arcimoto.
RSchneider
Elio Addict
ElectraMeccanica didn't want what they had and sold it to make a quick buck. Nothing to do with being responsible. I'll wait and see what Jerry does. He makes a number of claims and then sees to what sticks.
As for Arcimoto. All of that debacle is because of Mark. He created that mess and instead of trying to fix it, he left when the times got hard. I suspect he came out of that deal quite wealthy. I suspect he'll try something else and get a following of people that will trust every word he says. People like him never go away, they just keep ripping people off due to their incompetence.
As for Arcimoto. All of that debacle is because of Mark. He created that mess and instead of trying to fix it, he left when the times got hard. I suspect he came out of that deal quite wealthy. I suspect he'll try something else and get a following of people that will trust every word he says. People like him never go away, they just keep ripping people off due to their incompetence.
My understanding is EM liked what they had, but some of the units sold had AC DC converter issues. Kroll partnered with an engineering firm that specializes in AC/DC converters that happens to be a huge fan of the Solo.ElectraMeccanica didn't want what they had and sold it to make a quick buck. Nothing to do with being responsible. I'll wait and see what Jerry does. He makes a number of claims and then sees to what sticks.
As for Arcimoto. All of that debacle is because of Mark. He created that mess and instead of trying to fix it, he left when the times got hard. I suspect he came out of that deal quite wealthy. I suspect he'll try something else and get a following of people that will trust every word he says. People like him never go away, they just keep ripping people off due to their incompetence.
I believed Mark only because they did everything they said they were doing leading to the development of a FMVSS certified production model FUV that I had the opportunity to test drive. After the production start no progress whatsoever, beyond buying out his buddies Tilting Motor Works business for $10.5 Million that had nothing to do with the FUV. Lost focus and mismanagement. He apparently was forced to leave his CEO position because of a DUI. Other long time management fled the company, most likely selling their $FUV and are living happily ever after.
I currently trust no one, not even myself.