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Kelley Blue Book finds average EV price in US down 5.4% in January due to Tesla price cuts

Green Car Congress

Sales volumes last month were up year over year by more than 6% but down from December, thanks in part to improved supply and added fleet sales. High loan rates and continued inflationary pressures appear to be hurting the lower part of the market, so automakers are more focused on luxury and higher-end models. in December.

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KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

Sales volumes in December were up year-over-year by more than 5% but down from November, due in part to improved supply. Luxury brands Audi, BMW, Infiniti, Lexus, Lincoln, and Volvo showed the least price strength, selling 1% or more below MSRP in December. Elevated prices and high loan rates are putting downward pressure on sales.

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Consumer Reports Says EVs Less Reliable Than Traditional Automobiles

The Truth About Cars

The biggest issues for EVs were reportedly failing electric drive motors, unreliable charging, and trouble with battery packs. Tesla powertrains are now pretty solid for the most part, but Tesla owners report a lot of build quality issues including irregular paint, broken trim, door handles that don’t work, and trunks that don’t close.