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EV prices soar, as one exec warns of market "collapse" if they don't get cheaper

Green Car Reports

EV prices are soaring at a non-sustainable rate, one auto-industry executive warns. As noted by Autoblog, several automakers have raised prices on their electric models in recent months. Tesla has raised prices multiple times this year, and the GMC Hummer EV got a $6,250 price bump last week.

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Teslas are worth longer term auto loans, study finds

Teslarati

Car buyers who ultimately end up purchasing Tesla electric vehicles end up having the longest average auto term loans, a new study from LendingTree says. LendingTree surveyed over 29,000 auto loans spanning over three years to conclude that Tesla drivers are applying and receiving the longest term loans. months, GMC at 64.6

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Road Test: 2021 GMC Sierra 1500 Duramax 4WD Crew Cab AT4 CarbonPro

Clean Fleet Report

The 2021 GMC Sierra 1500 Duramax 4WD Crew Cab AT4 CarbonPro showed-up in my driveway and the neighbors took notice. recently drove the 2021 GMC Sierra 1500 4WD Crew Cab AT4, powered by a 3.0-liter The dash has controls for 2WD, 4WD and Auto 4WD. Smooth, Powerful Diesel Performance. Power and Torque and Fuel Sipping.

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The 2024 GMC Sierra EV’s lease price will give you sticker shock

Baua Electric

Photo: GMC Based on the latest incentive data, the 2024 GMC Sierra EV lease price costs nearly twice as much as GMC’s HUMMER EV. The 2024 GMC Sierra EV lease prices could start at over $1,700 a month. In auto leasing, the interest rate is called a money factor, lease factor, or lease rate.

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2024 GMC Sierra EV boasts 440-mile range, CrabWalk, lower price

Baua Electric

GMC confirmed on Tuesday that the limited-edition launch version of its 2024 Sierra EV pickup will arrive in summer 2024—with about 10% more EPA range than originally suggested. GMC has suggested all along that it might not be the “high-volume entry” electric truck that GM CEO Mary Barra stressed in describing the Silverado EV.

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GM sold more than 1M crossovers in US in 2019, more than 1M full-size trucks

Green Car Congress

Fourth quarter North American wholesales declined an estimated 25% year over year, due to the 40 day United Auto Workers work stoppage. GMC Acadia up 12.2%. Chevrolet and GMC full-size pickups drove the business in 2019. The total included more than 1 million crossovers for the second year in a row, an increase of 12.7%

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Tesla Cybertruck is US’ best-selling vehicle above $100k in July 2024: KBB

Teslarati

A recent press release from Kelley Blue Book (KBB) has revealed that the Tesla Cybertruck was the United States’ best-selling vehicle priced above $100,000 in July 2024. KBB noted in a press release that sales of expensive, full-size pickup trucks actually pushed the US auto industry’s average transaction price (ATP) higher last month.

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