National Auto Dealer Assoc. says it’s all in on EVs. Will dealers step in line?
Electrek
JANUARY 13, 2022
more… The post National Auto Dealer Assoc. Will dealers step in line? says it’s all in on EVs. appeared first on Electrek.
Auto Dealers Price 
Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041
Green Car Congress
DECEMBER 13, 2022
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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China auto price war: BMW dealers offer discounts of up to $14,360 for i3
CN EV Post
MARCH 9, 2023
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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Price wars fail to boost China's auto consumption
CN EV Post
APRIL 6, 2023
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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CRU: Lithium prices plunging as hype meets reality; impact of new supply, disappointing BEV sales
Green Car Congress
SEPTEMBER 6, 2019
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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How Will Hurricane Helene Impact Auto Insurance, Dealers, and Used Prices?
The Truth About Cars
OCTOBER 7, 2024
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 price downtrend continues, with disappointing EV sales in China the driver
Green Car Congress
JANUARY 12, 2020
In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Since then, prices have continued to fall, CRU notes. Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments. Although this marks an impressive 41.5%
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Electric Vehicle Prices Get MUCH Closer To Conventional Vehicle Prices!
CleanTechnica EVs
DECEMBER 13, 2023
Our dealer-connected auto industry veteran of many years, Jo Borras, came across a big find this week. continued] The post Electric Vehicle Prices Get MUCH Closer To Conventional Vehicle Prices! It’s a Cox. appeared first on CleanTechnica.
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Lexus prices new three-row RX 450hL hybrid starting at $50,620
Green Car Congress
FEBRUARY 8, 2018
Lexus is pricing the new 2018 RX 450hL three-row hybrid SUV—announced at the Los Angeles Auto Show in November 2017—with a starting Manufacturer’s Suggested Retail Price (MSRP) of $50,620—$1,550 more than its gasoline-engined RX 350L AWD three-rowed sibling.
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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy
The Truth About Cars
FEBRUARY 1, 2024
According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. As for dealers, there’s some amount of disagreement as to what’s holding EVs back. That issue was exacerbated by provisions (e.g.&
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Tesla led the EV market closer to ICE price parity in 2023: Cox
Teslarati
JANUARY 8, 2024
Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.
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Car Dealers to President Biden: ‘enthusiasm has stalled’ for EVs
Teslarati
NOVEMBER 29, 2023
Over 3,000 car dealers sent a letter to President Biden expressing their concerns about his administration’s push toward electric vehicles (EVs). Car dealers have informed the President that enthusiasm for electric vehicles has stalled, hinting at concerns over the demand for EVs. But that enthusiasm has stalled.
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Mercedes-Benz EQ models have been slow to sell, dealers report
Teslarati
OCTOBER 21, 2023
However, a new report shows that dealers have had difficulty keeping up with inventory levels for the automaker’s EQ lineup, with sales times for the EVs exceeding the luxury segment average. “There is too much of a price premium — especially at the top end of the EQ lineup — and almost no [lease] support.”
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Jeep adds new Willys 4xe to PHEV lineup
Green Car Congress
SEPTEMBER 15, 2022
At the 2022 Detroit Auto Show, Jepp introduced the new heritage-inspired 2023 Jeep Wrangler Willys 4xe to Wrangler 4xe electrified lineup. 1 4WD low range ratio, heavy-duty Dana 44 axles and a new entry price point to the 2023 model year Wrangler 4xe lineup, which continues to be the best-selling plug-in hybrid in America.
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Amazon Autos Now Selling New Cars, Hope You Like Hyundai
The Truth About Cars
DECEMBER 12, 2024
The only catch is that you have to live within one of the 48 metropolitan areas where the program has been enacted and it has to be a Hyundai because thats the company Amazon Autos partnered with. But every other step of the process is supposed to be handled via the Amazon Autos website.
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Hyundai announces Evolve+ EV subscription program
Green Car Congress
FEBRUARY 10, 2023
Hyundai Motor America, in partnership with Hyundai Capital America, announced its new Evolve+ electric vehicle subscription service at the 2023 Chicago Auto Show. Consumers can find available dealers within the app. Evolve+ is priced competitively compared to a traditional lease or purchase.
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FTC Launches “Combating Auto Retail Scams” Rule
The Truth About Cars
DECEMBER 13, 2023
The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. If consumers see that a dealer is complying with the CARS Rule, it adds a measure of confidence.
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CDK Accused of Dealer Monopolization, Rival Tekion Launches Lawsuit
The Truth About Cars
DECEMBER 10, 2024
If true, the broader ramifications of this would be that CDK Global had intentionally forced retailers to pay higher prices while keeping useful information from them likely resulting in those costs trickling down to consumers while ensuring it maintained the lions share of the dealer services market. CDK's technology is outdated.
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VW’s direct sales model for Scout Motors to be challenged by US dealers
Teslarati
OCTOBER 25, 2024
On Thursday, Scout noted that it is planning to adopt a direct sales model instead of using a conventional dealer network. The company also pledged full transparency on vehicle pricing, as noted in a CNBC report. auto dealers. dealer partners is disappointing and misguided, and it will be challenged.”
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NIO won't get involved in price war, exec says
CN EV Post
MARCH 14, 2023
China's auto industry is facing cyclical swings in the transition to electrification that can't be weathered by price wars and require automakers to stick to brand values, an NIO executive said. Not only is NIO not dropping prices for 90 days, but prices won't change for a longer period of time, he said.
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Dealers Finally Have EV Inventory But Now Lack Buyers
The Truth About Cars
JULY 12, 2023
We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.
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Penske Automotive Buys Largest Ford Dealer Network By Sales
The Truth About Cars
JULY 16, 2024
Penske had previously bought Don Allen Auto Service Inc. While best known for its commercial trucking services, Penske has been ramping up dealer acquisitions, buying out trucking rivals and trying to expand its already sizable footprint in both Europe and Australia. in Massachusetts. While net income declined, annual revenue has not.
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Dealer Groups are Up In Arms About Potential for Scout and Sony Afeela to Sell Cars Directly to Buyers
The Truth About Cars
APRIL 22, 2024
Dealers are often the first group to sound concerns when something changes in the auto industry, whether they’re justified in their complaints or not. The group placed an ad in the April 15 issue of Automotive News and has collected support from all 50 state and 21 metro-area dealer associations.
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Florida Governor Ron DeSantis Signs Bill Blocking Most Direct-to-Consumer Auto Sales
The Truth About Cars
JUNE 16, 2023
Dealer franchise laws are controversial at best and downright divisive in most cases, but they remain a significant force in the automotive industry despite the political noise surrounding them. Dealer franchise laws prevent that in most cases. & [Image: Hunter Crenian via Shutterstock] Become a& TTAC& insider.
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Tesla’s pricing strategy comes down to one key difference from its competitors
Teslarati
APRIL 12, 2023
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.”
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Volkswagen unveils 2020 Passat at NAIAS
Green Car Congress
JANUARY 14, 2019
unveiled the new 2020 Passat at the North American International Auto Show in Detroit today. Passat is the only midsize sedan to offer German driving dynamics at an affordable price and has long resonated with buyers for its combination of comfort, reliability and driving dynamics. Volkswagen of America, Inc.,
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Car Insurance Rate Increases Offset the Gradual Price Drops
The Truth About Cars
APRIL 12, 2024
New car prices are slowly returning to reality, but the universe isn’t done torturing buyers. Last year, auto insurance premiums jumped by the largest margin since the 1970s, while new car prices showed a decent decline during the same period.
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Rad Power Bikes announces price reductions across all electric bike models
Baua Electric
JANUARY 17, 2024
Rad Power Bikes , one of the leading electric bicycle companies in the US, has just slashed prices on all of its e-bikes. The company made the announcement today, effectively ushering in many of the best holiday sales from late last year as new permanent pricing for 2024. FTC: We use income earning auto affiliate links.
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EV ‘phobia’ allegedly grips South Korea, leading to price cuts
Teslarati
AUGUST 13, 2024
The government announced an emergency meeting about EV safety, and now automakers are rolling out significant price cuts to attract new car buyers. Auto dealers for foreign brands plan to cut retail prices by around 30% for new buyers. discount each from their regular price.
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BYD sets lower sales growth & warns of looming price war
Teslarati
MARCH 29, 2024
BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. A 20% increase will not be easy to achieve, given the current weak market sentiment,” said Zhao Zhen, a sales director at Wan Zhuo Auto—a car dealer in Shanghai. year-over-year.
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Event: 2024 Los Angeles Auto Show
Clean Fleet Report
NOVEMBER 28, 2024
New Models Paint a Diverse Automotive Future The Los Angeles Auto Show (LAAS) for years has been the “green” auto show with most of the vehicle debuts electrified in some fashion. Final pricing will be announced close to the on-sale date, but is estimated being in the mid-$30,000 range. Standard engine will be a turbocharged 1.5-liter
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China to allow extended sales periods for ICE models based on existing emissions standard, report says
CN EV Post
MARCH 29, 2023
Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. This was seen as the beginning of the massive outbreak of the price war.
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Report: Wholesale Used Car Prices Decline Slightly
The Truth About Cars
NOVEMBER 8, 2023
Wholesale used-vehicle prices reportedly saw a modest dip through the end of last month. Cox Automotive’s Manheim Index, which tracks wholesale used-vehicle pricing for Manheim auctions, only dropped 2.3 Periods of more intense buying by dealers can drive wholesale price appreciation. percent in October.
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China auto sales sluggish on consumer sentiment, improvement expected in Q2, says Deutsche Bank
CN EV Post
APRIL 3, 2023
Price wars have now become the consensus among investors, setting a relatively low bar for EV makers to beat. The underlying cause of sluggish auto sales in China can be mostly attributed to consumer sentiment. In addition, as automakers cut prices, consumers felt more compelled to wait for better deals, the team said.
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Ford extends dealership EV investment deadline
Teslarati
OCTOBER 29, 2022
Ford has announced that Ford dealers will have an extra month to consider before the deadline to invest in the brand’s EV future. In short, while the company sees the benefits of having such a widespread dealer network, the auto giant also wants to remain price competitive with new direct-to-consumer options.
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August Auto Sales Fall Below Expectations But Relatively Stable
The Truth About Cars
SEPTEMBER 10, 2024
Though it was hardly a bloodbath for dealers and prices are starting to trend in favor of shoppers. Consider this an addendum to our earlier coverage of the declining dealer market sentiment. The global sales forecast for the rest of the year could be a little better for both manufacturers and dealers.
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How much? 2025 Zeekr 009 electric minivan priced for Australia, and undercuts Lexus LM by $25,000
EV Central
NOVEMBER 13, 2024
The 2025 Zeekr 009 all-electric minivan will be priced from $135,900 in Australia when deliveries begin in the coming weeks. Priced $24,900 less than the cheapest petrol-electric Lexus LM, competition is heating up in the emerging luxury people-mover class. READ MORE Revealed! The post How much?
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Here comes another one! China’s Leapmotor plans Aussie attack with BYD-busting prices
EV Central
MARCH 14, 2024
But while ambitions are laudable if not always achievable, the potential for Leapmotor in Australia will be strengthened with the backing of auto giant Stellantis and its local market knowledge. The ambition – apparently – is to price lower than equivalent BYD models and sell in higher numbers. 2024 Leapmotor C10 interior.
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Price range: Hyundai Ioniq 5 adds bigger batteries and better performance, but now even more expensive than Tesla Model Y
EV Central
JULY 28, 2024
The critically acclaimed but slow-selling Hyundai Ioniq 5 SUV has given up any claim to being a competitor for the popular Tesla Model Y on-price with the introduction of its latest facelift. But this is unchanged as the N is the only model in the range not to climb in price.
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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year
Green Car Congress
JANUARY 8, 2014
In broader context, battery prices have come down providing competitive price points for e-motorcycles, and Tesla has proven that EVs can be lust-worthy vehicles. FCVs offer far greater driving range than most BEVs, and with their significantly higher price point, they will only compete with BEVs in the luxury vehicle market.
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California EV Sales Dropped Two Quarters in a Row Last Year
The Truth About Cars
JANUARY 31, 2024
percent of auto sales last year. She tempered that warning with a statement that more charging infrastructure and better training for dealers will lead to more growth. That has led many to predict that 2024 will be a year of incentives, price cuts, and higher inventory levels on dealers’ lots. percent, up from 5.9
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Report: Auto Loan Rejections Are Up and Poised to Keep Increasing
The Truth About Cars
AUGUST 1, 2023
With dealer lots starting to fill back up with product after years of lean inventories that encouraged salespeople to ask for absolutely ludicrous prices, the Federal Reserve has found that lenders are declining would-be borrowers at a record-setting pace.& & The reasons for this are many. percent in June up from 9.1
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2024 Los Angeles Auto Show Recap
The Truth About Cars
NOVEMBER 25, 2024
I let my thoughts on last week's 2024 Los Angeles Auto Show press day marinate over the long flight home and throughout the weekend. There was only press day this year -- which some might take as sign that auto-show media days mean less than they used to. I wish I'd gotten a pic. That part of the show was quieter.
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