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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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Voyager Returns to Chrysler Lineup as Entry Level Van

The Truth About Cars

While it lacks the looks and some of the features of its more luxurious sibling, it’s priced $2,500 lower and seems to be arriving at a point where shoppers might be more willing to re-engage with minivans due to their relative affordability. Global production would cease in 2016, leaving the Dodge Caravan as the only holdover minivan.

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Refreshed Porsche Taycan, Kia hybrid minivan, cheaper Ford and GM EVs: The Week in Reverse

Baua Electric

Which EV brand rolled out lower-priced versions of its electric pickup and SUV? In a first drive of the 2024 Mercedes-Benz eSprinter electric van, we saw The post Refreshed Porsche Taycan, Kia hybrid minivan, cheaper Ford and GM EVs: The Week in Reverse appeared first on Bauaelectric Auto News.

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Volvo has no plans to challenge low-cost EVs in China as a price war intensifies

Baua Electric

Volvo has no plans to challenge low-cost EVs in China as the ongoing price war intensifies. Volvo’s first electric minivan, the EM90 (source: Volvo) Volvo’s electric van is a “Scandinavian living room on wheels” with up to 458 miles (738 km) CLTC range. FTC: We use income earning auto affiliate links.

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Volvo EX60 set to arrive as new Tesla Model Y, Porsche Macan luxury electric SUV rival

Baua Electric

A new all-electric luxury SUV is set to hit the market next year to compete with Tesla’s best-selling Model Y. Volvo is joining the luxury electric SUV market with its new EX60 launching next year. Volvo EX30 (Source: Volvo) Volvo also began production of its first electric minivan, the EM90, for China.

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Stellantis CEO struggles to sell Jeeps in the golden era of SUVs

Baua Electric

His emphasis on trying to protect profit margin left Stellantis charging higher prices for older products than what rivals had on the market, leading to lost share and elevated inventory. Jeep will also bring back the Cherokee, which went out of production last year and left the brand less competitive in the largest segment of the SUV market.

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Lucid gets $1.5B cash injection from Saudis

Baua Electric

Lucid Gravity Lucid also reported second-quarter revenue above analysts’ expectations, according to Reuters, after price cuts helped increase sales of the Air during Q2. Lucid cut prices by up to 10% earlier this year, allowing the base Air Pure to undercut the Tesla Model S. The post Lucid gets $1.5B