The Truth About Cars

FEBRUARY 26, 2025

It seems a tripartite of price issues, demand problems, and a hamstrung product catalog have spurred a number of Mitsubishi dealers to bend the ear of its North American CEO. If something doesnt shift fast, said the dealer in an interview with AN , We will have to make some major decisions. percent in the 2023 calendar year.

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The Truth About Cars

JANUARY 29, 2025

Buzz van recently hit the market here, though its high price will likely turn off many prospective buyers. Price was apparently a significant concern with the ID.7, 7, too, as dealers were skeptical that its expected $50,000 to $60,000 price tag would mean low sales volume.

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The Truth About Cars

JANUARY 29, 2024

Cadillac and Buick dealers accepted buyouts in large numbers to avoid making investments to sell EVS, and now the automaker’s dealers are pushing it to develop more hybrids instead of releasing new electric models. The company understands its dealers’ concerns but has not detailed plans to offer such products.

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The Truth About Cars

JANUARY 27, 2025

General Motors small-block V8s have long been famous for boasting solid reliability at competitive prices. However, this isnt helping customers with damaged engines in the interim and reports are now circulating that dealers are hoarding motors. The initial price quote for a fresh powertrain was $10,000.

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The Truth About Cars

APRIL 4, 2025

The automaker recently told its dealers that it would tack an import fee to vehicles entering the country starting later this month. The automaker said it would determine the fee amounts by the middle of April and told dealers to expect fewer incentives. could see price increases. but it is still importing vehicles by ship.

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The Truth About Cars

JANUARY 27, 2025

Last week didnt just bring snow to New Orleans, it also brought a raft of Stellantis dealers to town for a key meeting and most of them left feeling revved up about the year ahead. One went so far as to describe the event as shockingly good, a superlative rarely leveled at suits by dealer principals.

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The Truth About Cars

SEPTEMBER 27, 2024

Dealer allocations for the ID.Buzz will reportedly hinge on how many ID.4 While there will be more going into VW’s through process than that, the volume of EVs dealers have sold will apparently be playing a very large role in terms of how many electrified vans will be made available for showrooms this fall. went on sale in 2021.

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The Truth About Cars

MAY 23, 2024

With new vehicle prices having surpassed parody, any automaker building affordable vehicles may soon find themselves getting a lot of attention from customers who just want something that will work for under $40,000 and that’s basically all Mitsubishi sells. But they have no dealer nearby to make that purchase." sales market.

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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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The Truth About Cars

OCTOBER 4, 2023

Ford introduced its tiered dealer program nearly twelve months ago, splitting stores interested in selling electric into “Model e Certified Elite” and “Model e Certified.” In exchange, dealers are given access to demo vehicles and a factory guarantee for limited EV allocations.&

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The Truth About Cars

FEBRUARY 8, 2024

Last week, Ford CEO Jim Farley asked a group of dealers for some open and honest feedback while promising to spend the next few weeks visiting showrooms. However, the latest from the North American Dealers Association (NADA) meeting makes it sound like the relationship may still be dicey. This isn’t exclusively a Ford problem, however.

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The Truth About Cars

JULY 16, 2024

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. The above global expansion has been made possible thanks largely to its share price absolutely exploding after 2020.

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The Truth About Cars

JUNE 2, 2023

The last few years have been crazy for car shoppers, with inventory shortages and harsh price gouging running rampant. That said, the market seems to be healing, and some dealers now find themselves with too much inventory on hand. & The Jeep Renegade sits on the showroom floor the longest, with 753 days of supply.

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The Truth About Cars

JUNE 20, 2023

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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The Truth About Cars

APRIL 24, 2024

dealer network , giving it stores in several new areas and growing its footprint to 18 dealerships in seven states. With 18 stores in seven states and its corporate dealers in California, VinFast now has a surprisingly robust U.S. The company recently announced an expansion to its U.S.

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The Truth About Cars

NOVEMBER 5, 2024

The Jeep Wagoneer and Grand Wagoneer might have some cool features, but their luxury-level price tags have made them a tough sell. Dealers have complained about slow sales due to the hulking SUVs’ MSRPs, while Jeep’s parent company, Stellantis, has seen a sales slump across the board.

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The Truth About Cars

JULY 12, 2023

Axios recently highlighted the issue and found that dealers have EV inventory sitting on their lots for extended periods, suggesting that supply is significantly outpacing demand. Part of the issue with some EV models is their sky-high price tags, and the most expensive models aren’t eligible for government tax credits.

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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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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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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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The Truth About Cars

NOVEMBER 29, 2023

As things currently stand, EVs are priced an average of $10,000 more than their nearest combustion-based counterpart. Though dealers are primarily concerned with having to engage in costly dealer refurbishment schemes designed to help sell EVs while the vehicles themselves aren’t seeing strong demand.

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The Truth About Cars

OCTOBER 10, 2024

Today, we learned pricing for the automaker’s smallest crossover, and it remains a relatively value-forward pick in a hyper-competitive segment. The new Taos is expected to land on dealers’ lots in late 2024. The 2025 Taos starts at $24,995 for the base S trim, and AWD pushes the price to $26,695.

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The Truth About Cars

DECEMBER 7, 2023

For the upcoming model year, its new price will not be as alarming as its new styling. All-wheel drive shows up for the first time on Sonata, likely thanks to customer (and dealer) feedback. That one gets an eight-speed wet dual clutch transmission, front-wheel drive, and is priced at $34,950. Hey, that’s Hyundai’s M.O.,

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The Truth About Cars

DECEMBER 27, 2024

According to dealer memos, the manufacturer doesnt plan on taking any orders for the model since production will soon be ending. But pricing doesnt seem to be the primary issue for the sporty luxury model. Based on the dealer notices intercepted by BMW Blog , the automaker has already stopped taking new orders for the Coupe.

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The Truth About Cars

JULY 2, 2024

That’s changing slowly, as Cox Automotive recently reported that EV prices have fallen below the average Tesla price for the first time since early 2023. Including Tesla, the average EV transaction price reached $55,235 in April, $433 less than Tesla’s standalone average.

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The Truth About Cars

NOVEMBER 22, 2023

The jumbo Nissan Armada has a higher entry-level price point for 2024 compared to last year – but it would be tough to solely blame inflation for this cost hike. You can be sure it was a rare day when one of those birds lit on a dealer lot. Image: Nissan] Become a& TTAC insider.

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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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The Truth About Cars

APRIL 12, 2024

The publication uncovered a letter to dealers that outlines price cuts for the 2024 Bronco Sport, bringing prices down by close to $2,000 for some configurations. Pricing now starts at $29,795 before fees, $1,435 less than before. Ford slashed prices on the Outer Banks variant by $1,980, giving it a $33,935 MSRP.

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The Truth About Cars

NOVEMBER 5, 2024

Toyota recently announced pricing and configuration details for the extended family hauler, and there’s a new entry-level trim joining the lineup with a slightly lower starting price. That said, the SUV isn’t cheap, though that’s changing as we head into the 2025 model year. Toyota equips a turbocharged 2.4-liter

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The Truth About Cars

APRIL 2, 2024

One factor that is coming into clear focus is pricing, as Ford recently found out with the Mustang Mach-E. In response to flagging demand, the automaker cut prices on the electric SUV and has seen an uptick in sales as a result, showing that cost remains a significant hurdle for many prospective buyers.

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The Truth About Cars

APRIL 30, 2024

The popular Equinox represents bread-and-butter sales for many Chevy dealers, so any wholesale changes are often eyed with equal amounts of anticipation and trepidation. Looking far more square and rugged compared to other iterations, the Equinox also gets a higher starting price for the 2025 model year.

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The Truth About Cars

SEPTEMBER 24, 2024

When I bought my 2024 Toyota GR Corolla, I waited several months for the dealer to finally agree to let go of its markup, but it looks like 2025 model-year buyers will have things even worse. Toyota recently released pricing for the new car, which gets an automatic transmission for 2025, and the numbers are up across the board.

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The Truth About Cars

SEPTEMBER 26, 2023

Pricing for the 2024 Toyota GR Corolla has dropped. But that probably won’t matter much due to the fact that the model will undoubtedly be subjected to horrid dealer markups. Pricing is only pitching upward by a few hundred bucks. All prices include destination, FYI. Thus far, this hasn’t resulted in a discount.

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The Truth About Cars

MARCH 18, 2024

As we approach the end of the first quarter of 2024, Tesla is pushing the Model Y with a message that prices will increase on April 1 in hopes that the threat of higher purchase price s will drive buyers to act in the next two weeks.

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The Truth About Cars

MARCH 6, 2024

A thesis will surely be written in the future about the yo-yo behavior of EV prices which are seeming to coincide with early adopters getting their fill while everyone else needs to be talked into the things. That sum is roughly $3,600 south of last year’s equivalent trim which is still on the Nissan build-and-price site at $43,190.&

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The Truth About Cars

FEBRUARY 9, 2024

That’s how the 2024 Toyota GR Yaris, a car powered by an (admittedly powerful and turbocharged) three-cylinder engine, costs nearly double its sticker price in France. Motor1 reported that the 2024 GR Yaris starts at 46,300 Euros, but its emissions add another 45,990 Euros to that price.

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The Truth About Cars

MARCH 27, 2025

Starting with the Elevation, a package which tends to bundle popular equipment with jaunty color-keyed exterior trim at a decent price point, we find a truck with an MSRP of $62,400 plus destination. The 2026 Sierra EV is expected to arrive at dealers this summer. The latter sounds like a good wrestling name.

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