Polestar nears US sellout of remaining 2026 models as ban looms
PSNY•Polestar is close to selling out its remaining model year 2026 cars in the US, CEO Michael Lohscheller said. The company sold 14,371 vehicles globally in the third quarter, up 1% from a year earlier, including about 2,160 in the US versus 966.
1. US sales and ban
Polestar is close to selling out its remaining model year 2026 cars in the US, CEO Michael Lohscheller said. The automaker sold about 2,160 vehicles in the US during the third quarter, compared with 966 a year earlier. New rules by the Commerce Department will prevent Polestar from selling cars in the US from model year 2027.
2. Sales and models
Polestar’s third-quarter sales volume rose 1% to 14,371 units from 14,222 a year earlier. Excluding the US, retail sales fell 8%. In the US, the company is selling existing Polestar 3 and 4 inventory and will maintain its service network and used-car business.
3. Outlook and launches
Polestar cut its full-year volume growth guidance in September and said it expected higher competition to persist. The company has pivoted to Europe and plans to produce the Polestar 7 compact SUV at Volvo’s factory in Slovakia. Lohscheller said the Polestar 5 has begun customer deliveries, while Polestar 4 SUVs have arrived at European ports for distribution to retailers. Polestar expects to report third-quarter results on November 5.
