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Penske Automotive Buys Largest Ford Dealer Network By Sales

The Truth About Cars

Penske Automotive Group has just purchased Michigan’s Bill Brown Ford in Michigan, which sells more Ford-badged automobiles than any other retailer in the world. This is the second Ford dealership purchased by the company this year. and our relationship with Ford. and our relationship with Ford. in Massachusetts.

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Ford sets new requirements for dealers to sell EVs, including mandatory fast chargers and non-negotiable pricing

Electrek

Ford Motor Company has unveiled a new companywide strategy to its dealership network of nearly 3,000 locations. Ford dealers have been alerted that they have until October 31 to decide whether they will invest their own money into one of two “certified” EV tiers to partake in Ford’s Model e business.

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Tesla (TSLA) receives “Buy” rating and higher price target from Jefferies

Teslarati

Tesla shares ( NASDAQ:TSLA ) are gaining momentum on Monday following a “Buy” rating and an updated price target from Jefferies. Legacy automakers may be entering the market with compelling vehicles like the Ford Mustang Mach-E, but automakers are bound to encounter a number of challenges, according to the analysts.

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Time To Buy? New Vehicle Inventories And Incentives Are Up

The Truth About Cars

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. Everything is relative in the world of car buying.

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Report: Average New EV Prices Fell Below Tesla's Average for the First Time in Over a Year

The Truth About Cars

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. Images: Kia, Hyundai, Ford] Become a TTAC insider.

Price 111
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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

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Ford F-150 Lightning dealer demo units begin to flood lots outside of Dearborn

Teslarati

Ford’s introductory all-electric pickup, the F-150 Lightning, recently began production, and finished units are flooding parking lots near the automaker’s Dearborn production plant, preparing to make their way to dealerships as demo vehicles. If you have any comments, concerns, or questions, please email me at joey@teslarati.com.

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