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Price wars fail to boost China's auto consumption

CN EV Post

With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. Many automakers in China launched rare price wars in March to try to boost sales. The Vehicle Inventory Alert Index for China's auto market was 62.4 down from 74.6

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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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Toyota 3-row EVs, lower-priced Ford EVs, Honda EV hubs, Mazda EZ-6: Today’s Car News

Baua Electric

This and more, here at Green Car Reports. More lower-priced Ford EVs are on the way, the automaker said, as it reported a massive loss on its EVs for the first quarter of the year. As executives explained, Ford has managed to cut costs with the Mustang Mach-E EV, but it can’t keep up with the price cuts needed to stay competitive.

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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.

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Ford Motor recalling positive 2019-20 Fusion PHEVs, warns drivers to not price automobiles

Baua Electric

House owners are urged to not price their automobiles till the treatment is finished, in step with a Ford submitting with NHTSA. The collection of doable automobiles affected is 14,452. Ford Motor Co. is recalling positive 2019-20 Fusion PHEV fashions for lack of energy and hearth dangers.

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SAIC plans Eu manufacturing facility for MG automobiles regardless of upper prices

Baua Electric

LONDON — MG has admitted it is going to most likely price the corporate extra to develop automobiles in a deliberate Eu manufacturing facility when compared with China however says the advantages will outweigh the negatives. “I MG will most probably develop the MG4 in Europe, Wang instructed Car Information Europe.

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Geneva auto display made over for 2024 as ‘reasonably priced’ match

Baua Electric

The Geneva auto display will go back in 2024 with a unutilized, “affordable” thought for exhibitors and guests. 26 to March 3 after age in its conventional house on the Palexpo conference middle akin Geneva airport with a changed exhibition thought and decrease lodge prices. Organizers plan to conserve the display from Feb.

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