article thumbnail

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

Green Car Congress

New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released by Kelley Blue Book, a Cox Automotive company. The average new EV sold for $58,725, according to Kelley Blue Book estimates, and is still well above the industry average. month over month and down 5.5%

Price 199
article thumbnail

Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

article thumbnail

Tesla made up more than half of U.S. EV sales with only two models

Teslarati

Tesla made up more than half of the total electric vehicle sales in the United States with only two of its models, according to new figures from Kelley Blue Book. Tesla has marketed the Model 3 and Model Y as the best and most affordable EVs available in the space over the past several years. This is 51.7

Sale 133
article thumbnail

Tesla Overtakes BMW In 2021 US Luxury Car Sales

Get Electric Vehicle

But, according to Automotive News, Tesla may overtake BMW as America’s best-selling luxury automobile brand, as the company does not distinguish domestic and worldwide sales. BMW, located in Munich, sold 336,644 vehicles over the same time period. That said, Cox has suggested that Tesla outsold BMW in the US in 2021.

BMW 52
article thumbnail

Tesla dominates Carvana EV sales, but the order might surprise you

Teslarati

However, the Model Y has quickly overtaken its sibling as it is more desirable due to its size and affordability. Carvana sold 57 different EV makes and models last year, a 29 percent increase compared to 2022. EV sales with only two models The Model 3 was Tesla’s staple vehicle for years, and to an extent, it still is.

Sale 96
article thumbnail

Rivian (RIVN) R1S cracks top 5 best-selling EVs in Q4 just as EV leasing heats up

Baua Electric

According to data from auto research firm Kelley Blue Book , Rivian handed over nearly 24,800 R1S models in 2023. New incentive and rebate programs, combined with more affordable options hitting the market, have resulted in a broader range of consumers choosing EV,” Melinda Zabritski, Experian’s head of auto financial insights, explained.

SUV 52
article thumbnail

Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

new-vehicle average transaction price in January was $47,401, down nearly 4 [percent] from a year ago and down almost 3 [percent] from December 2023, according to Kelley Blue Book. But there does not appear to be a similar surplus of affordable models. Discounts and incentives in January averaged 5.7 percent] of ATP, up from 5.5

Supplies 113