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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

Electric vehicles and luxury cars had incentives close to 6% of ATP, and both saw ATP decline in December as a result. Plus, with the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles. Five years prior, in December 2018, luxury market share set a record at 16.5%. —Rebecca Rydzewski.

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Tesla Model 3, $2.2M seized from man who fraudulently obtained COVID-19 relief loans

Teslarati

While Brooks is the owner of a small business, he “allegedly submitted fraudulent tax forms which allegedly reported $724,469 in payments via Forms 1099-MISC and $7,471,630 in total unemployment payments to employees from Cars Direct,” the Department of Justice said in a press release. In total, $2,296,136.86