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Dealers think the Biden administration's EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The publication's 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers.
Tesla reintroduces the Model 3 Performance, and the brand rules in ownership costs. Mercedes rolls out its electric G-Class. And Vinfast adds U.S. dealerships. This and more, here at Green Car Reports.
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.
After asking its dealers to join it “on an epic journey of sustainable expansion,” Ford revealed over two-thirds of its dealers joined almost a year ago. However, close to 400 dealers have dropped out of the program since then.
Ford is finally permitting car dealers to list electric vehicles (EVs) below MSRP (manufacturer’s suggested retail price. The legacy automaker sent a bulletin to dealers, allowing them to advertise EVs below MSRP. Ford also told dealers they no longer require compliance with its strict Minimum Allowable Advertised Price (MAAP).
Toyota, Lexus, and Subaru were the most-trusted vehicle brands by dealers in 2024, according to research from Kerrigan Advisors. Ford was once the least-trusted automaker, but it lost that honor to Stellantis last year, as its Chrysler-Dodge-Jeep Ram (CDJR) dealers said theyd lost trust in the group.
As part of its electrification push, Ford created an EV certification program for its dealers in 2022, which required significant investments and building modifications. The automaker later canceled the program, and now, its reimbursing dealers for some of their costs related to EV charger installations and other expenses.
The much anticipated Volvo EX30 small SUV has finally begun arriving in dealer showrooms. The post Volvo begins rollout of EX30, its smallest electric offering, to Australian car dealers appeared first on The Driven.
Kenya just got a new EV competitor. The electric vehicles will be sold by local dealer Loxea, which sells Toyota and other gas-powered models. BYD’s new partnership is another significant milestone as it takes on new markets.
With changes expected to Ford’s electric vehicle certification program, all Ford dealers will likely be able to sell EVs. Ford is reportedly preparing to open the program amid feedback from its dealers.
Nearly half of Buick dealers took buyouts from GM this year instead of committing to selling and servicing EVs. more… The post Half of US Buick dealers chose buyouts over selling EVs in 2023 appeared first on Electrek.
About half of Ford dealers have opted to sell EVs in 2024. Ford’s EV dealer program has around 1,550 participants. more… The post Ford confirms half of dealers will sell EVs in 2024 as some are opting out appeared first on Electrek. That’s down from around two-thirds around this time last year.
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.
The platform also includes shopping tools such as a range estimator, payment tool and dealer selection to assist shoppers with finding an ID.4 4 to arrive at their preferred local VW dealer. At that time, the customer can transact with their dealer and complete their purchase. 4 in a few simple steps.
The automaker’s dealership council will host a meeting about the EV certification program in June, as detailed in a Tuesday report from Automotive News. Frick notes that around 93 percent of the dealers represented at the meetings departed feeling more confident in Ford’s brand going forward, according to an internal survey.
According to a report from Automotive News , Mitsubishi doesn’t want to squander what looks to be a window of opportunity. Mitsubishi likewise wants to broaden the reach of its dealer network and is presently considering alternative retail concepts in addition to more traditional expansion plans. And, with a market share of just 0.6
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.
Recent dealer markups of popular. Tesla will stay on top for U.S. EV sales for years, a study estimates. And some hybrids are getting marked up past the gas money they’ll save. This and more, here at Green Car Reports.
On Thursday, Scout noted that it is planning to adopt a direct sales model instead of using a conventional dealer network. auto dealers. Introducing the all-new Scout Traveler SUV. As per the dealers association, it will “challenge this and all attempts to sell direct in courthouses and statehouses across the country.”
That’s the news coming out of the automaker’s recent dealer meeting in Las Vegas, according to attendees who shared details with Automotive News. Ford CEO Jim Farley also hinted at a new off-road Baja model, showing images of a lifted Mustang with off-road tires. It was awesome.” Images: Ford] Become a TTAC insider.
With changes to its EV certification program coming soon, Ford is asking dealers to pause investments. Ford plans to update dealers on new changes amid a “rapidly changing EV market.”
Kia dealers are at it again, marking up the EV9 electric SUV by $7,000 or more, despite efforts from Kia to reel in price gouging earlier in the year. Scout starts building its EV manufacturing home. Many Americans still have no experience with EVs. And how much more than MSRP would you pay for a Kia EV9?
While many people seem excited about the brands revival under VW, California car dealers arent so stoked. The states new-car dealer association demanded that Scout Motors and Volkswagen stop taking deposits for the vehicles, saying direct sales are prohibited in California. Images: Scout Motors] Become aTTAC insider.
Ford is testing a new delivery program for the F-150 Lightning that could lead some to believe that the electric pickup isn’t selling all that well, but the automaker’s motivations appear to be driven by a need to improve efficiency. Images: Ford] Become a TTAC insider.
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.
Australians around the country will soon be able to take Leapmotor C10 electric SUV for a test drive with the unveiling of a countrywide dealer network. The post China’s Leapmotor unveils Australian dealer network for new electric SUVs appeared first on The Driven.
Ford is doubling down on plans to launch low-cost EVs after showing dealers several new renderings. The latest images revealed electric sedans, crossover SUVs, and pickups that could hit the market to challenge Tesla and Chinese EV leaders like BYD.
John Forehand, one of the lawyers representing the dealers in the lawsuit, told Automotive News that Volkswagen owns more than 30 percent of Scout Motors. Dealers are arguing that Scout taking deposits are effectively the same as sales, equating them to down payments. The public may not, however.
Velocity truck rental is doing its part to help commercial fleets electrify by energizing 47 high-powered charging stations at four strategic dealer locations across Southern California. And they’re doing it now.
Mercedes is now paying dealers up to $3,000 for every EV they sell until the end of the year. As part of its new Q4 2024 EQ Sales Challenge, the company is giving dealers a good reason to move EVs off the lot.
Now the rebate – which is up to $7,500 for new EVs that qualify, and up to $4,000 for used EVs that qualify – is available immediately when you purchase your car, rather than needing to wait potentially months to file a claim with your tax return. And auto dealers are signing up in droves with the IRS.
The post German dealers say private orders for electric cars have fallen by nearly half in 2024 appeared first on The Driven. Demand for electric vehicles plunge in Germany and the country’s automotive sector is bracing for a gloomy full year as high prices and leasing rates hamper business.
GM technology spokesperson Sanaz Marbley told InsideEVs , “Bolt owners will have access but will require an update at the dealer. A dealership visit is required to receive the update, but, as InsideEVs pointed out, the adapters may take longer to come than the dealer service visit appointment.
The new Kia EV9 is being marked up by dealers despite the brand specifically asking them not to. As demand picks, some dealers are marking up the electric SUV by up to $7,000 over MSRP.
Porsche’s long-awaited Macan EV will finally hit US dealers on September 30th, and we’ve also just learned that it will have an EPA-certified range of 308 miles, or 288 for the “Turbo” version.
MSRP excludes destination/delivery fee, optional equipment plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. Updated Pricing The above reflects MSRP as of 2 May 2023. The GT Performance Edition is now available with optional all-season tires.
The all-electric Fiat 500e will arrive in the US by the end of March after selling out of its first dealer allocation in less than a week. The first Stellantis brand EV destined for the US rolled off the assembly line this week.
Hyundai’s IONIQ 5 is already a top seller at some dealers. With new electric models rolling out, like the three-row IONIQ 7 SUV, Hyundai has the “whole gamut covered.” Hyundai dealerships are modernizing as the brand looks to build upon its growth in the EV market this year.
Ford dealers just got a significant new incentive to move F-150 Lighting inventory. Through a new pilot program, Ford will pay dealers up to $22,500 for every F-150 Lightning model restocked from a Retail Replenishment Center.
It’s been a big week for Bollinger and its Class 4 commercial EVs as the upstart electric box truck brand picked up twenty new TEC dealers and scored a strategic solution partnership with Texas consulting firm, TCD.
For those of you waiting to get your hands on Volkswagen’s new all-electric ID.7 7 launch in the US as dealers express caution. 7 sedan , you will have to wait (at least) a little longer. VW is delaying the ID.7
Almost 4,000 car dealerships in the US banded together in a new lobbying effort to ask the government to slow down the adoption of electric vehicles. more… The post Car dealers falsely claim to be ‘voice of customers’ in push for slower electric car adoption appeared first on Electrek.
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