The Truth About Cars

MAY 30, 2024

The cause behind some of this is certainly buyers’ behavior, but it’s a bit of a chicken-or-egg scenario with dealers. People buy the cars that dealers stock, and an overly cautious store might only want colors it knows it can sell, leaving buyers with fewer choices.

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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

OCTOBER 7, 2024

This may be a good time to remind everyone to triple check the history of any used vehicles they’re considering purchasing, because a bunch of flood-damaged vehicles are about to find their way onto the secondhand market. For dealers, the hurricane can be viewed as a massive windfall or major disaster.

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The Truth About Cars

NOVEMBER 5, 2024

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. The 2025 Wagoneer and Grand Wagoneer should start landing on dealers’ lots before the end of 2024.

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Teslarati

APRIL 21, 2024

On Saturday, Tesla also cut the price of the outright FSD purchase option , to which some consumers and shareholders responded with frustration. Other cars change prices constantly and often by wide margins via dealer markups and manufacturer/dealer incentives. Only a fool thinks the “MSRP” is the real price.

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Blink Charging

JANUARY 11, 2024

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. How this works: the automotive dealer will provide a credit to the buyer at the time of purchase which will act as a down payment or a partial payment for the EV.

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The Truth About Cars

SEPTEMBER 23, 2024

After several years of swelling vehicle prices and tragically lean inventories, the market has reached a point where dealer lots are getting full and consumers are becoming disinclined to go into quite so much debt in order to purchase a new automobile. elections play out.

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Blink Charging

NOVEMBER 16, 2023

These changes make it easier for drivers to access tax credits when purchasing clean vehicles. Now consumers will be able to transfer their tax credit directly to the dealer at the point of sale. This simplifies the process, benefiting both consumers and the dealerships, but it also requires dealers to register on an IRS portal.

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The Truth About Cars

JUNE 8, 2023

While you could already purchase BAC products in the U.S. That’s when the boutique manufacturer introduced its North American dealer network.& However, it’s been setting up facilities in Asia and recently said it would be targeting the United States as the next market where it’ll be broadening its footprint.

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The Truth About Cars

MARCH 12, 2024

Recent posts on social media claim to feature a letter from a Jaguar dealer that tells an owner of the brand’s demise. User Chris Henry pasted text they claim is from a dealer that said, in part, “New reports suggest that JLR (Jaguar-Land Rover) is working towards spinning Jaguar off to sell it as a separate business unit.

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Land Rover Dealers Chinese Price 113

The Truth About Cars

JULY 11, 2024

Nissan dealers are already short on compelling models to sell, and the move to cut most of its remaining cars likely won’t help in the short term. The Sentra sells well and is often purchased without a trade-in, meaning it attracts first-time buyers to the Nissan brand. Despite its troubles, Nissan has some bright spots.

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Nissan Mississippi Dealers Purchase 67

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. These moves are not at all surprising for Tesla, but the company is in an interesting position.

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Teslarati

MARCH 3, 2022

Tesla has heavily opposed the bill , even writing a blog post in late February calling for owners in the State to oppose the bill vocally. All the legacy OEMs that make EV vehicles work through the franchise dealer system. HB3994 is a House bill that could end Tesla Service Center locations in Oklahoma as we know it.

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The Truth About Cars

FEBRUARY 12, 2024

From CarBuzz : Some Reddit users believe the dealer is unwilling to carry out the repair. By presenting owners with ridiculous quotes, they will likely be put off and search for an alternative (or purchase a new car). The battery pack in an i3 consists of eight cells. But even if one goes awry, it can still cost the owner big bucks.

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The Truth About Cars

JUNE 11, 2024

The SUV is available with a $17,500 lease discount and a $15k purchase incentive. BMW alerted dealers to the discounts on June 3, and buyers can combine the purchase discount with the automaker’s five-year, 3.99-percent percent financing deal.

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The Truth About Cars

OCTOBER 30, 2024

While this only pertains to 2025 model year vehicles, the company does allow pre-existing customers to purchase the same hardware from dealers. Starting on November 18th, anyone who wants to can purchase an NACS adapter for $230 USD. The smaller EX40 and EC40 are likewise supposed to get NACS adapters before other models.

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The Truth About Cars

JANUARY 4, 2024

While we await final rules, GM has pulled ahead sourcing plans for qualifying components in early 2024 and will advocate for our dealers and customers who purchase vehicles built ahead of the new guidance.”

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The Truth About Cars

OCTOBER 28, 2024

In a market where the average new car price is somewhere in the upper troposphere, it is gratifying to know shoppers can still purchase a well-equipped all-wheel drive vehicle for $24,665 including destination. The 2025 Subaru Impreza is produced in Japan and will begin arriving at dealers later this year.

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The Truth About Cars

SEPTEMBER 13, 2024

Dodge sent a bulletin to dealers alerting them of the change, which comes out to $10 per horsepower. The discounts only apply to purchases, so leases don’t qualify, but the incentives could make the difference for buyers on the fence about the almost $109,000 starting price.

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The Truth About Cars

JANUARY 23, 2024

Faced with the existential crisis of having no physical customers, dealers began offering remote car-buying services and shipping. The company said it would liquidate its current inventory through wholesalers and noted that there would be no new vehicle purchases. Online retailers took off, too, but the party never lasts forever.

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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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The Truth About Cars

JULY 10, 2023

Automakers have been resistant to stepping in, as dealer laws in the U.S. Torsten Müller Ötvös told Car Dealer Magazine that “they’re going immediately on a blacklist, and this is it – you will never have the chance to acquire again". prevent them from interfering with pricing to a large degree.

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The Truth About Cars

APRIL 12, 2024

Higher insurance rates hurt car owners, but they also hurt dealers and automakers, though it’s hard to crank out a tear for million-dollar businesses. The cost to cover a new car has grown so much that buyers are rethinking their purchases, which could slow sales, especially on higher-margin, more expensive models.

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The Truth About Cars

OCTOBER 3, 2024

Sales have been terrible for years now and Stellantis seems more interested in attempting to revive long-absent French brands than maintaining the nameplates it purchased off FCA. However, the above has resulted in the relevant dealers offering some of the juiciest discounts we’ve seen in ages.

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The Truth About Cars

MARCH 22, 2024

The publication purchased a Blazer EV for long-term testing and noted that it had worked fine since a dealer installed a planned software update. Since it lowered the EV’s price upon lifting the stop-sale order, owners who paid more might be eligible for some money back.

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The Truth About Cars

AUGUST 1, 2023

.& In a market defined by skyrocketing average transaction prices and a seeming return to pre-pandemic inventory levels, this isn’t the best news – for consumers or dealers. In any event, it seems the least expensive Blazer EV available for purchase in this calendar year will cost $56,715 when the 2LT goes on sale later this autumn.

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Chevrolet Dealers GM EPA 98

The Truth About Cars

MAY 22, 2023

& Around half of gas and diesel vehicle owners told KPMG that they were considering a hybrid or electric vehicle, and most of that group said they were considering a purchase in the next two years. Beyond income, Silber also thinks that dealer service and product knowledge will play a significant role in consumer product adoption.&

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Blink Charging

APRIL 13, 2023

But, before we get to that, it’s important to note that these tax credits are only available for vehicles purchased on or after Jan. You can receive credit for 30% of the purchase price up to a maximum of $4,000. For example, a used electric vehicle purchased in 2023 would need to have a model year of 2021 or earlier.)

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The Truth About Cars

NOVEMBER 2, 2023

These kits were apparently developed in response to customer feedback and will be available via the Ford Performance Parts website or at a dealer accessory counter. We’re sure the F&I office would prefer the latter, added into the purchase price and spread out over a terrifying 96 months. Sign here, please.

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Blink Charging

OCTOBER 31, 2023

Whether you are looking to purchase your first electric vehicle (EV), your next EV, or electric vehicle supply equipment (EVSE) for your home, the United States has incentives, rebates, grants, and programs to help. Must have a gross vehicle weight rating of less than 14,000 lbs. Must be sold by a licensed dealer.

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The Truth About Cars

MAY 22, 2024

Anyone blessed with the gift of common sense knows this is largely thanks to the fact that early adopters have bought their fill of EVs; since sales cycles of vehicles isn’t what one would call short, it’ll be a spell before those same folks begin lining up again at dealers.

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The Truth About Cars

OCTOBER 20, 2023

Citing Edmunds data that shows Mercedes-Benz dealers took an average of 82 days to sell the brand's battery-powered EQ models in September (double BMW's 38-day turnaround rate while also being above the luxury segment average of 57 days), the outlet was hoping to shed some light on the matter.

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The Truth About Cars

JANUARY 5, 2024

Shortly after VinFast confirmed its attendance at CES, it announced that it had officially signed agreements with five dealers in four states across the country to have them play host to its products. From VinFast: The first group of VinFast dealers consist of Leith VinFast (Raleigh, North Carolina), Smith Haven VinFast (St.

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The Truth About Cars

MAY 29, 2024

South Korean media is reporting that Hyundai Motor Company will be purchasing electric motors from Lucid for future all-electric vehicles. That's the droptop company execs reportedly previewed to dealers in January 2023 with Bentley in its sights.

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Blink Charging

JANUARY 19, 2024

Americans can potentially enjoy a Clean Vehicle Credit through leasing an EV, without income restrictions or specific battery requirements, providing an accessible avenue for those who may not be able to purchase a new car. Predicting the future value of a purchased EV is challenging due to price and rebate changes. Explore Options.

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EV Life

AUGUST 28, 2020

Most car sites are built for gas vehicles, so you have to do countless hours of blog research. Most Americans also qualify for EV incentives from $7,500 to $15,000, but there’s a lot of fine print to read across different government websites, and incentives can take up to 12 months to recoup post-purchase. Why Finance? Learn more here.

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The Truth About Cars

AUGUST 17, 2023

This 2024 model doesn’t see a host of changes other than the NissanConnect services (telematics including remote start through a smartphone app, basically) being hooked up for three years upon purchase instead of six months. Look for the 2024 Altima on dealer lots shortly. Image: Nissan] Become a& TTAC& insider.

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