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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.

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National Auto Dealer Assoc. says it’s all in on EVs. Will dealers step in line?

Electrek

more… The post National Auto Dealer Assoc. Will dealers step in line? says it’s all in on EVs. appeared first on Electrek.

Dealers 141
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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. November prices rose 0.9% ($422) month over month from October 2022 and were up 4.4% ($2,250) from year-earlier levels. in October.

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Price wars fail to boost China's auto consumption

CN EV Post

With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. 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 Of those, 20.5

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Discount bonanza: EV prices could be chopped because of changes to NVES CO2 reduction scheme

EV Central

Brands facing NVES fines because their line-ups emit more CO2 than allowed, could drop the price of low and zero emissions vehicles to encourage sales and so reduce or wipe out fines. The post Discount bonanza: EV prices could be chopped because of changes to NVES CO2 reduction scheme appeared first on EV Central.

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How Will Hurricane Helene Impact Auto Insurance, Dealers, and Used Prices?

The Truth About Cars

It could affect auto dealerships, which typically hold a higher level of expensive assets than homeowners, Hoffman said. In dealers' cases, an event such as Helene might cause insurance companies to seek further storm-proofing of a dealership property to protect vehicle inventory.

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CRU: Lithium prices plunging as hype meets reality; impact of new supply, disappointing BEV sales

Green Car Congress

CRU analysts observe that lithium prices have steadily declined since the end of Q1, finally crashing through the $10/kg LCE mark at the end of July. While many are forecasting long-run prices for lithium in the mid-teens LCE, citing refinery bottlenecks and the potential for ramp-up delays in the mining and refining sector, CRU disagrees.

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