Latest news with #RivianR1T
Miami Herald
3 days ago
- Automotive
- Miami Herald
Rivian Offers Tantalizing R1T Lease Offer for June
The 2025 Rivian R1T is the first modern, mass-produced electric pickup truck, and it's easily the best-looking in its class. It comes standard with a Dual-Motor powertrain rated at 553 horsepower and 610 pound-feet of torque. The Dual-Motor Performance Upgrade ups the ante to 665 horsepower and 829 pound-feet of torque, while the Tri-Motor model is even stronger, with 850 horsepower and 1,103 lb.-ft. of torque. As you might expect, the Quad-Motor powertrain is the he-man here, with 1,025 horsepower and 1,198 pound-feet of torque. The Rivian R1T carries up to 1,764 pounds and tows up to 11,000 pounds. Depending on motor configuration and battery pack size, you'll be able to travel anywhere from 258 miles to 420 on a single charge, according to the EPA. If all that sounds like something you'd want in your driveway, now might be an ideal time to lease one. Rivian's "Summer Adventure Offer" applies to the R1T Dual-Motor model with the Performance Upgrade and large battery pack, and you'll be treated to $5,000 in down payment assistance and a $7,500 EV lease credit. Prefer the new Tri-Motor model or the hot new California Dune Edition, which wears a sublime paint job and gets standard off-road gear? You'll receive the same $5,000 down payment assist in addition to a $7,500 EV lease credit. Other models leased online receive an immediate $7,500 EV Tax Credit. All offers are good through June 30, 2025. Keep in mind that, when leasing, you should consider the monthly payment cost, taxes, and fees before signing. Lease offers vary by metro market. Check your local pricing here. While the 2025 Rivian R1T benefits from product updates, like an updated user interface and revised electrical architecture that sheds some heft, its design retains its allure, playing the part of an outdoors sophisticate. Clever touches, such as the cargo compartment that spans the width of the vehicle at the back of the cab, only make it more alluring. In a sea of Detroit pickup sameness, the Rivian R1T is a fresh take on a well-known form, minus the political hassle that now accompanies Tesla Cybertruck ownership. *Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Miami Herald
09-06-2025
- Automotive
- Miami Herald
Rivian Is Missing Out on a Key Demographic
In a crowded landscape that includes legacy automakers, as well as rival startups like Rivian and Lucid, Tesla is still top dog when it comes to American electric vehicle sales. According to data from Kelley Blue Book and Cox Automotive, Tesla sales are eclipsing those of its competitors, even as it records an 8.6% year-over-year drop from last year. In Q1 2025, Tesla managed to move 128,100 of its EVs, while its closest competitor; Ford, sold just 22,550 vehicles in the same period. However, one brand that has posted lower growth numbers than Tesla is the outdoorsy-focused Rivian. According to KBB and Cox, its meager 8,553 sales in Q1 2025 means that it recorded a whopping 37.1% year-over-year sales drop, higher than established names like Kia. In 2024, it managed to sell 51,579 vehicles, a 3% jump from that in 2023, but at the same time, Tesla managed to move over 1.8 million vehicles. According to a recent study by S&P Global Mobility, Rivian's is struggling to connect and resonate with Asian-American buyers in the United States. According to results from Q1 2025, Asian households represent just 7.2% of all the new cars that were registered. However, what stands out is that Tesla and Tesla alone captured a huge chunk of this key demographic, with its vehicles capturing nearly 27.2% of Asian-American drivers. Additionally, Asian-American households made up 12.7% of all electric vehicle (EV) sales that aren't from Tesla or Rivian. Asian-Americans are buying EVs, and the majority are buying Teslas. However, this shows that Rivian struggles to gain a foothold with this demographic, as just 13.7% of its sales are made to Asian-American households. One significant factor that S&P researchers Kent Chiu and Steve Giordano identified is the lack of diverse models on the Rivian lineup. Though the more compact R2 SUV is on the way and the hatchback-styled R3 is set to release in the future, Rivian only sells two models, the R1T and the R1S; the former being a pickup truck, a segment where Asian buyers are close to nonexistent. According to S&P data, Asian-Americans accounted for just 2.3% of all full-size pickup truck sales in the U.S., the same segment that the Rivian R1T and contemporary gas-powered rivals like the Ford F-150 and Ram 1500 compete in. But even in the electric pickup market, Rivian falls short. Despite the Tesla Cybertruck's unconventional design alienating "real truck guys" and "truck bros," it's hitting with Asian-American Tesla fans. According to S&P, nearly a quarter (24%, to be exact) of Cybertrucks were sold to Asian-American buyers, while just 8% of Asian-Americans bought a Rivian R1T. Despite this, S&P identified that Rivian faces challenges that extend beyond what kind of cars it wants to sell, as Tesla's deeper appeal is something much more skin-deep. According to data scraped by S&P researchers, some Asian-American buyers are particularly drawn to brands with a very strong premium brand image and companies known for their technological capabilities, which not only explains a gravitational pull towards Tesla but also established luxury car names in the gas-powered space. Their data shows that Asian-American buyers also like some of Tesla's German luxury rivals; 28.3% of sales for the Mercedes EQS SUV can be attributed to Asian households, while 25.5% of BMW iX sales came from the same demographic. More remarkably, S&P also found that 33% of Tesla Model X sales were made to Asian-American buyers. I am Asian-American, and even as someone within this large and diverse diaspora that lives in the NY Metro Area, one of the largest hotbeds for EV ownership growth in the United States, this study does ring somewhat true from an anecdotal point of view. I slightly disagree with the idea that vanity or a perceived luxury image significantly influences Tesla's reputation within the Asian-American community. However, the appeal of a practical car with low maintenance costs, the widespread and convenient Supercharger network, and a buying experience without traditional franchised dealers are significant advantages for people of all walks of life, Asian or not. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
26-05-2025
- Automotive
- Yahoo
Tesla Cybertruck's Huge Depreciation is Mindblowingly Bad
There's nothing like the Tesla Cybertruck on the market today. Its radical design pushes the envelope of what's considered modern, resulting in an appearance that gets attention wherever it goes. Initially, that was a very good thing, and the hype about the Cybertruck, its capabilities, and exclusivity was everywhere. The Cybertruck was, at the very least, polarizing. Some loved its daring design that thumbed its angles and corners at convention. Others couldn't stand the 'fancy dumpster' and considered it an eyesore and an offense to good design. The Cybertruck has since fallen from grace, with over three months' surplus of unsold units. That's no bueno in the automotive industry and typically indicative of a bad sales forecast. Tesla has been discounting Cybertrucks to move them off lots, and to add insult to injury, it now appears that resale values have tanked. A recent report from Jalopnik reveals how this all transpired. For more than a year after the Cybertruck's release, Tesla wouldn't accept the vehicle as a trade-in for other Tesla models. In a reversal of this policy, the automaker recently allowed owners to sell their Cybertrucks back to Tesla. In doing so, the automaker has inadvertently revealed why it resisted taking them back in the first place: it doesn't place a high value on used Cybertrucks. On the Cybertruck Owner's Club forum, users have been testing Tesla's trade-in system, supposedly out of curiosity. These are Cybertruck loyalists, for the most part, and the trade-in estimates they're seeing are harrowing. Estimates reflect as much as a 35% drop in value after only about a year. Typically, anything more than 15% in the first year is considered significant depreciation for a new vehicle, and the Cybertruck's is more than twice that. 35% depreciation is typical of a mainstream vehicle after three years, not just one. Tesla obviously won't give much for a used Cybertruck when they can't even sell new ones. Tesla had previously claimed the Cybertruck would only depreciate by 30% over three years. The market has told a different story—and now, so is Tesla. The company appears to be adjusting its expectations, offering resale prices that reflect the severely weakened demand and steep depreciation already evident in the secondary market. Numerous factors likely contribute to this steep depreciation, including increased competition in the EV market (Rivian R1T, Ford F-150 Lightning, Chevrolet Silverado EV, and GMC Sierra EV in the U.S.; the BYD Shark in international markets), Elon Musk's political views and current influence in President Trump's administration, and issues with the quality and recall history of the Cybertruck model. At the moment, it seems that all signs are pointing to a growing consensus about the value and perception of the Cybertruck, one that even Tesla may be starting to accept: the Cybertruck's polarizing design and mixed reception are taking a toll on its long-term value, along with Elon Musk's ever-growing negative public perception. For a vehicle that was so coveted at the outset to fall so hard is a rarity in the automotive world, but here we are. Whether or not Tesla can dig the Cybertruck out of its giant hole is the question. Tesla Cybertruck's Huge Depreciation is Mindblowingly Bad first appeared on Autoblog on May 25, 2025
Miami Herald
25-05-2025
- Automotive
- Miami Herald
Tesla Cybertruck's Huge Depreciation is Mindblowingly Bad
There's nothing like the Tesla Cybertruck on the market today. Its radical design pushes the envelope of what's considered modern, resulting in an appearance that gets attention wherever it goes. Initially, that was a very good thing, and the hype about the Cybertruck, its capabilities, and exclusivity was everywhere. The Cybertruck was, at the very least, polarizing. Some loved its daring design that thumbed its angles and corners at convention. Others couldn't stand the "fancy dumpster" and considered it an eyesore and an offense to good design. The Cybertruck has since fallen from grace, with over three months' surplus of unsold units. That's no bueno in the automotive industry and typically indicative of a bad sales forecast. Tesla has been discounting Cybertrucks to move them off lots, and to add insult to injury, it now appears that resale values have tanked. A recent report from Jalopnik reveals how this all transpired. For more than a year after the Cybertruck's release, Tesla wouldn't accept the vehicle as a trade-in for other Tesla models. In a reversal of this policy, the automaker recently allowed owners to sell their Cybertrucks back to Tesla. In doing so, the automaker has inadvertently revealed why it resisted taking them back in the first place: it doesn't place a high value on used Cybertrucks. On the Cybertruck Owner's Club forum, users have been testing Tesla's trade-in system, supposedly out of curiosity. These are Cybertruck loyalists, for the most part, and the trade-in estimates they're seeing are harrowing. Estimates reflect as much as a 35% drop in value after only about a year. Typically, anything more than 15% in the first year is considered significant depreciation for a new vehicle, and the Cybertruck's is more than twice that. 35% depreciation is typical of a mainstream vehicle after three years, not just one. Tesla obviously won't give much for a used Cybertruck when they can't even sell new ones. Tesla had previously claimed the Cybertruck would only depreciate by 30% over three years. The market has told a different story-and now, so is Tesla. The company appears to be adjusting its expectations, offering resale prices that reflect the severely weakened demand and steep depreciation already evident in the secondary market. Numerous factors likely contribute to this steep depreciation, including increased competition in the EV market (Rivian R1T, Ford F-150 Lightning, Chevrolet Silverado EV, and GMC Sierra EV in the U.S.; the BYD Shark in international markets), Elon Musk's political views and current influence in President Trump's administration, and issues with the quality and recall history of the Cybertruck model. At the moment, it seems that all signs are pointing to a growing consensus about the value and perception of the Cybertruck, one that even Tesla may be starting to accept: the Cybertruck's polarizing design and mixed reception are taking a toll on its long-term value, along with Elon Musk's ever-growing negative public perception. For a vehicle that was so coveted at the outset to fall so hard is a rarity in the automotive world, but here we are. Whether or not Tesla can dig the Cybertruck out of its giant hole is the question. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
USA Today
23-05-2025
- Automotive
- USA Today
10 EVs that aren't Tesla and still turn heads
Drivers can choose from many EVs that aren't Tesla – Photo courtesy of piranka / E+ The rise of the electric vehicle, or EV, has been a long time coming. While it may seem like a 21st century innovation, the first basic electrified vehicle dates back to the late 1820s. Over the past two centuries, car manufacturers have iterated and innovated upon the original concept. Today, EVs continue to make strides in popularity and market share. While one company has driven much of the widespread adoption, many electric cars that aren't Tesla are turning heads. 'There's been a big increase in the variety of models and brands to choose from, including several different body styles,' says Edmunds' senior consumer advice editor Ronald Montoya. Also, as the number of public car-charging stations grows, EVs have become more practical. "Several models allow you to either charge less in the week or pay fewer visits to charge stations on a road trip,' Montoya adds. Variety aside, 'Electric vehicles can be less expensive to own and operate because electricity costs less than gasoline most of the time, and because they have fewer moving parts, which means less maintenance,' says Sean Tucker, lead editor of Kelley Blue Book. 'They can also be more fun to drive than gas-powered cars, as a gasoline engine spools up power gradually over a few seconds, whereas an EV instantly has 100% of its power available.' Advertisement To help you pick the right EV, we asked Montoya and Tucker for their take on the best electric cars beyond Tesla. Whether you're looking for a sports EV, one for family, commuting, or just a cool one, these recommendations have you covered. Chevrolet Equinox EV Chevrolet Equinox EV is a perfect crossover for commuters – Photo courtesy of Chevrolet MSRP: Starting at $33,600 Fuel economy: Up to 117 MPGe Advertisement The Chevrolet Equinox EV is a fantastic crossover option for city commuters. Tucker notes that this compact, affordable car is excellent for urban drivers and gives access to Chevrolet's massive nationwide repair network should anything go wrong. The roomy interior and quiet drive make for a pleasant experience, whether a passenger or behind the wheel. Kia EV9 Kia EV9 is a best EV pick for families – Photo courtesy of Kia MSRP: Starting at $54,900 Fuel economy: Up to 89 MPGe Advertisement Large families may want to check out the Kia EV9, which has plenty of practical space and a distinctive, futuristic look. Whether in the first or third row of this electric vehicle, you'll feel like you can stretch out, and we always appreciate a quiet, smooth ride. Plus, the EV9 charges quickly, making charging stops relatively short. Rivian R1T Rivian R1T is an excellent EV choice that isn't a Tesla – Photo courtesy of Rivian MSRP: Starting at $69,900 Fuel economy: Up to 93 MPGe Advertisement The midsize Rivian R1T proves you can drive a pickup truck without an internal combustion engine. With excellent off-road capabilities and a spacious storage bed, you get several traditional benefits of a truck with much more attractive mileage. You get from 0 to 60 mph in about 3 seconds, depending on your engine configuration. Fiat 500e The Fiat 500e is a zippy little EV for city drivers – Photo courtesy of Fiat MSRP: Starting at $32,500 Fuel economy: Up to 121 MPGe Advertisement If affordability is at the top of your list of concerns, the Fiat 500e is a great pick. Not only are there great lease deals, but the brand also offers an Employee Pricing PLUS Program. This compact car is a charming city option with fast-charging and efficient performance. The retro design makes the Fiat stand out. Ford Mustang Mach-E Mustang Mach E is one of the coolest EVs out there – Photo courtesy of Ford MSRP: Starting at $37,995 Fuel economy: Up to 111 MPGe Advertisement As Ford's first fully electric vehicle, the Mach-E is a cool car. It doesn't read like a Ford. (You'll only see the distinctive oval logo at the top of the windscreen.) Instead, it looks more like the car of the future. You can tailor the appearance of the Mach-E with paint colors like Molten Magenta and enjoy comfortable, spacious interiors and a sporty drive feel. MINI Countryman SE ALL4 Electric SUV MINI Countryman SE ALL4 Electric is a fun EV option for SUV drivers – Photo courtesy of MINI MSRP: Starting at $45,200 Fuel economy: Up to 99 MPGe Advertisement It feels like fun is at the heart of all Minis, which is certainly the case with the Countryman SE Electric SUV. While this crossover is undoubtedly cute, it's also speedy, making this an excellent option for folks needing speed. Steering is generally well-regarded in this vehicle, making it ideal for navigating traffic. GMC Hummer EV GMC Hummer EV is beast for off-roading – Photo courtesy of GMC MSRP: Starting at $96,550 Fuel economy: Up to 59 MPGe Advertisement For an off-roading EV, you'll want to go with a Hummer. While the GMC Hummer EV isn't necessarily as fuel-efficient as others on this list, it's competent when handling rough terrain. And thanks to its large size, it's also an incredibly comfortable ride, even when traversing bumps and dips. Hyundai Ioniq 6 The Hyundai Ioniq 6 is one of the best-rated EVs – Photo courtesy of Hyundai MSRP: Starting at $37,850 Fuel economy: Up to 151 MPGe The undeniably cool design of the Hyundai Ioniq 6 makes this EV a conversation piece. But it's not just looks — the impressive range and performance at a relatively affordable price point have made this Hyundai a favorite among critics and drivers alike. The sporty design also means this car has a low center of gravity, making for easier handling. Advertisement Jeep Wagoneer S Launch Edition The Jeep Wagoneer S Launch Edition is an EV with style – Photo courtesy of Stellantis MSRP: Starting at $72,790 Fuel economy: Up to 104 MPGe The latest Jeep Wagoneer S Launch may be the Jeep of the future. It's the only full EV from the brand, and certainly doesn't compromise on that must-have Jeep four-wheel drive and power (packing 600 horsepower thanks to twin engines). The car reads luxury with a McIntosh audio system and massaging seats, and gets up to 60 mph in less than 3.5 seconds. BMW i5 The BMW i5 is a luxury EV pick for serious car lovers – Photo courtesy of BMW MSRP: Starting at $67,100 Advertisement
