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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

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%. Luxury brands Audi, BMW, Infiniti, Lexus, Lincoln, and Volvo showed the least price strength, selling 1% or more below MSRP in December.

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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