We guess that Lucid was able to increase sales through some price cuts that were applied earlier this year. Registration data lags behind sales\/deliveries by at least several weeks but can be used as a proxy of sales.<\/p>\n
Experian<\/em>‘s data indicates that during the first eight months of the year, Lucid noted a slightly lower number of registrations than the Porsche Taycan (4,505), taking the 18th position among 27 brands that offer all-electric cars. For reference, Genesis noted 3,525 registrations during the period.<\/p>\n New data about production and deliveries during the third quarter of 2023 should be available later this month. In the second quarter, Lucid delivered 1,404 cars, but that’s a global number.<\/p>\n The updated production volume guidance for the full year 2023 is “more than 10,000 vehicles”<\/em> (reduced from 10,000-14,000). After the first half of the year, the company produced just under 4,500 cars, while delivering 2,810.<\/p>\n In the near future, Lucid Air might be boosted by two new versions of the car that launched in October. First is the entry-level Lucid Air Pure (rear-wheel drive), which starts at an MSRP of $78,900. The second one is the top-of-the-line Lucid Air Sapphire – customer deliveries already started. We guess that with a quarter-million dollar price tag, the Sapphire might not bring a significant volume increase but it might improve margins.<\/p>\n An interesting new endeavor for Lucid was the recent launch of a small assembly plant in Saudi Arabia. Let’s recall that Saudi Arabia’s Public Investment Fund has a controlling stake in Lucid. Only time will tell whether it will substantially help to expand production and sales globally.<\/p>\n The plant in Arizona remains the main site for Lucid, while its main product might be the upcoming Lucid Gravity SUV (SUVs usually sell better than sedans, which Mercedes-Benz has recently proven).<\/p>\n<\/p>\n