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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

Dealers 116
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Complainer’s Corner: Dealers Now Whinging About Rail Logistics

The Truth About Cars

After weathering pandemic-related shutdowns, chip shortages, and barren lots, some dealers are complaining our nation’s rail system is suddenly no longer up to the task of delivering new cars. A few are saying they have a point, whilst others muse it is a bit of karma for three years of price gouging and “additional dealer markups”.

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Tesla direct to consumer sales bleed dealers of profit in California

Teslarati

A new report finds that Tesla accounted for roughly $700,000 in lost gross profit per dealer in California during 2022. Reliant on the dealership model , Tesla has proved that legacy automakers are less profitable and slower to react to market trends. What do you think of the article?

Dealers 99
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Price wars fail to boost China's auto consumption

CN EV Post

Many automakers in China launched rare price wars in March to try to boost sales. The Vehicle Inventory Alert Index for China's auto market was 62.4 More than 60 percent of dealers said they met less than 80 percent of their sales targets in the first quarter. For more articles, please visit CnEVPost. Of those, 20.5

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Tesla’s pricing strategy comes down to one key difference from its competitors

Teslarati

Tesla’s pricing strategy comes down to one key difference from its competitors, and as the automaker recently cut pricing for the fifth time this year, the method to its madness is being further examined. It is both car maker and car dealer. Dealer-related discounts rarely rise to become investor-level news.”

Price 103
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GM to void warranties of flipped vehicles to combat price gouging

Teslarati

According to FOX Business , a letter sent from GM North America President Steve Carlisle to dealers outlines that bumper-to-bumper, powertrain/EV propulsion system, sheet metal, tire, and accessory warranties would be removed from vehicles that are resold too quickly after the initial sale. What do you think of the article?

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New and used Tesla prices plunge, bringing unique opportunity to buyers

Teslarati

New and used Tesla prices have plunged recently, giving buyers a unique opportunity. Tesla has been criticized by car buyers, government representatives, and investors alike for having prices too high for average Americans to afford, especially for a brand that prides itself on leading the EV revolution.

Price 98