The Truth About Cars

FEBRUARY 1, 2024

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. As for dealers, there’s some amount of disagreement as to what’s holding EVs back.

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Baua Electric

APRIL 1, 2024

A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. Good news: Ford Mustang Mach-E price cuts are working Ford cut Mustang Mach-E prices by up to $8,100 in February with new finance and lease incentives. New data shows sales are up while inventory is finally dwindling.

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Baua Electric

FEBRUARY 1, 2024

Ford F-150 Lightning (Source: Ford) A strong majority of car dealers complain the US government’s strategy is bringing them too fast into the electric vehicle future. The concerns about dealers have proved warranted. 83 percent of the dealers surveyed said that they believe the federal government is pushing them into EVs too fast.

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Baua Electric

APRIL 5, 2024

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. Hyundai, Kia top Ford, GM in EV sales with affordability After the IONIQ 5 was the sixth best-selling EV in the US last year with nearly 34,000 units sold, Hyundai (and Kia) are starting the year strong in the US. 361 $43,656 SEL RWD 77.4

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Green Car Reports

SEPTEMBER 6, 2022

Lucid teases more affordable versions of its Air being made. Buick offers buyouts to its dealers unconvinced of the EV shift. An ongoing California heat wave serves to emphasize the importance of time-of-use rates and smart EV charging in the future. And are heavy EVs a concern for everyone else?

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Baua Electric

MARCH 20, 2024

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. And you get all of this starting at an affordable starting price of as little as $38,650. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4

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Electric Vehicles India

APRIL 10, 2023

Affordable priced EV with connected display: MG Comet EV We already know that MG Motor India is working to bring affordable electric vehicles (EVs) to the Indian market soon. The car is marketed as Tata’s affordable competitor to its Tiago EV electric car model. That said, MG will sell this car at an affordable price.

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The Truth About Cars

APRIL 2, 2024

Analysts told Automotive News that Ford has seen Mach-E sales triple since the changes, bringing its significant dealer inventory down by nine percent. Ford aims to address the problem with its internal skunkworks team’s project to develop a more affordable EV, but there’s no word on when the effort will deliver a new vehicle.

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Electrek

APRIL 28, 2022

According to KBB , the average transaction price for a new electric vehicle increased by 1.8% Hopefully that uptick will be reversed with an expected increase in supply, thanks to Chevrolet resuming Bolt production as well as a number of affordable EV models set to arrive at dealerships between now and the end of the year.

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Electric Vehicles India

NOVEMBER 27, 2021

Greta launches 4 electric scooters in India with affordable price . The four new Greta Electric Scooters are Harper, Evespa, Glide, and Harper ZX. Also, read related article: NIU unveils new electric scooters & bikes at EICMA. For the latest electric vehicles news, follow electricvehicles.

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The Truth About Cars

APRIL 8, 2024

What's weird is I don't have many memories of driving an Eclipse, though I almost certainly drove a few used ones during my dealer days. No matter -- the idea of an affordable front-drive sport coupe is one that always appeals to me, and while there are still some cars on the market that fit the bill, there aren't that many.

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CleanTechnica EVs

APRIL 21, 2023

The used car market plays a crucial role in providing affordable vehicles for people, especially those who can’t afford ever-rising new car prices. While buying a new car can be a dream for many, it is often unaffordable due to the high price tag and the insane dealer markups we often see these days.

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EV Central

FEBRUARY 19, 2024

That trauma is indicative of the global VinFast story so far that has included panning of its launch VF 8 model by the American automotive media and slow sales in the USA that have prompted a swap to a hybrid sales model including dealers for its expansion beyond California. VinFast Wild electric pickup concept at CES 2024.

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The Truth About Cars

JUNE 30, 2023

Canadian dealers of Mercedes-Benz vehicles are reporting that the automaker is considering revising its strategy for North America. The dealers attended a market-wide retailers meeting in Vancouver held in May and noted that the automaker was fretting about consumer hesitancy over expensive electric vehicles.

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Blink Charging

AUGUST 1, 2023

A Minnesotan story: How EV charging led to a new transformer In a recent episode of Inside Automotive on CBT News , Blink customer Audi Minneapolis faced a new problem. By working with the right partners, dealerships can make the transition seamless, affordable, and able to accommodate current and future charging needs.

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Baua Electric

MAY 2, 2023

“New cars have become less affordable for a significant portion of the population, and usually when you get into a vehicle at that price point, for some reason, they’re not the most desirable-looking vehicle,” he stated. Frank Kent Motor Co.,

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The Truth About Cars

APRIL 12, 2024

It’s also surprisingly affordable for what it brings to the table, and a new report from CarsDirect suggests it’s about to get even less expensive. The publication uncovered a letter to dealers that outlines price cuts for the 2024 Bronco Sport, bringing prices down by close to $2,000 for some configurations.

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Price Ford SUV Dealers 98

Clean Fleet Report

JUNE 4, 2022

The intention is to make the company’s two electric car offerings more attractive to consumers, especially those that are looking for an affordable alternative to a gasoline-powered car. The new 2023 pricing (2022 pricing in parenthesis) includes the mandatory $995 destination fee. News: 2020 Chevrolet Bolt To Get 259 Miles of Range.

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The Truth About Cars

APRIL 4, 2024

Fortunately, the news keeps rolling from Toyota, who’ve released a telling photo of the upcoming 4Runner – along with a suggested release date. Billed as showing up ‘right around the corner’, the next 4Runner will take its place in a newly and delightfully square SUV lineup at Toyota dealers.

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The Truth About Cars

MARCH 22, 2024

The publication purchased a Blazer EV for long-term testing and noted that it had worked fine since a dealer installed a planned software update. The Blazer EV is still expensive after the price cuts, and Chevy missed its price targets for the Equinox EV, so GM’s stable is notably empty of affordable electric models.

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GM General Motors Price Chevrolet 111

Baua Electric

JANUARY 17, 2024

Now, we’re thrilled to make our high-quality, awesome electric bikes even more affordable and accessible for everyone.” Meanwhile, other e-bike companies have expanded their independent dealer networks that rely less heavily on investment in real estate or labor, putting more pressure on Rad’s strategy.

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The Truth About Cars

MAY 22, 2023

A recent study from KPMG found that most people are interested in buying an EV, but many cite affordability as a hurdle to ownership.& KPMG’s global automotive sector leader, Gary Silber, told Automotive News that “a lot of people are excited about the opportunity, but I don’t know how many people can afford it.”

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Teslarati

MARCH 9, 2024

Chevy Blazer EV already seeing ~$10k markups from GM dealers “We are excited to have the Chevrolet Blazer EV available again, this time with a compelling price, enhanced features and functionality and qualifying for the full consumer tax credit,” said Scott Bell, Vice President of Global Chevrolet (via Automotive News ).

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The Truth About Cars

AUGUST 1, 2023

A press release from GM talking about the new Blazer EV listed numerous trims but eagle eyes quickly spotted the lack of a 1LT option. We do have more affordable variants coming in 2024, including 2LT with FWD,” one spox is quoted as saying. Image: Chevrolet] Become a& TTAC insider.

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Chevrolet Dealers GM Price 98

Baua Electric

JANUARY 5, 2024

“We are evolving our business model and intend to add as many as 50 dealer partners in the U.S. and Canada and a similar number of dealer locations in Europe this year,” CEO Henrik Fisker said in a statement to Reuters. In Europe, the company plans a hybrid model, signing up dealers while continuing direct sales.

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Electric Vehicles India

APRIL 1, 2023

Despite its technological, innovative, and affordable price tag, this motorcycle offers sustainable mobility for all individuals at an affordable price. Lakh Warranty 3 years on the battery & Powertrain Odysse has extensive plans to expand its dealer network to over 150 stores by the end of the year.

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Green Car Reports

SEPTEMBER 10, 2019

Nissan has reportedly shown its all-electric crossover to dealers, but it isn’t coming soon. And the first of VW’s affordable electric cars is revealed in full. Porsche has upped its investment in Rimac. Hyundai and Kia are investing in very fast charging—in Europe. This and more, here at Green Car Reports.

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The Truth About Cars

OCTOBER 20, 2023

Automotive News recently conducted a series of interviews with Mercedes retailers. From Automotive News : Mercedes retailers interviewed by Automotive News blame their bloated stockpiles on the product and on the brand's unwillingness to respond to increased competition with sales programs.

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Baua Electric

FEBRUARY 1, 2024

But as the EV giant makes inroads outside of China, it is looking to change that, the old-school way, dealer by dealer. European consumers have no inkling of Chinese brands,” Daniel Kirchert, the head of e-mobility consultancy Noyo and former BMW executive, told Automotive News Europe.

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Green Car Reports

APRIL 17, 2012

It's not news that new, higher fuel-economy standards will raise the cost of future cars in real dollars. Now a new study, funded by the National Automobile Dealers Association (NADA), suggests that those increases will prevent up to 7 million buyers from affording new cars in 2025.

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Teslarati

JULY 17, 2023

Citing increased plant capacity , production scaling, cost reductions, and improving raw battery material costs, Ford said it was able to reduce the price of the F-150 Lightning to make it more affordable to customers. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

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Teslarati

JANUARY 8, 2024

Credit: Cox Automotive Cox points to Tesla’s price cuts, incentives, and increased options for affordable EVs hitting the market as reasons for the downward trend. Credit: Cox Automotive IRA EV tax credits winning over more auto dealers in 2024 What are your thoughts?

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The Truth About Cars

NOVEMBER 8, 2023

According to Automotive News , Black Book likewise reported that “ higher than typical seasonal wholesale price depreciation resumed ” in the first week of November. Periods of more intense buying by dealers can drive wholesale price appreciation. If they go up, vehicle affordability could worsen and cut into consumer demand, he said.

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Teslarati

JANUARY 25, 2024

4 is eligible for an EV tax credit at the point of sale by transferring the tax incentive to participating dealers. This is great news for consumers in the U.S. because it expands the choice of truly affordable EVs. 4 EV may choose to apply the tax credit as a down payment for the vehicle.

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Teslarati

DECEMBER 28, 2022

New and used Tesla prices have plunged recently, giving buyers a unique opportunity. Tesla has been criticized by car buyers, government representatives, and investors alike for having prices too high for average Americans to afford, especially for a brand that prides itself on leading the EV revolution.

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Baua Electric

MARCH 27, 2024

2023 was already a rough year as Fisker had to lower its production targets several times, pivoting toward a strategy with dealer networks to try and boost sales. The post Fisker slashes MSRPs of Ocean trims by tens of thousands as it fights to stay in business appeared first on Bauaelectric Auto News. Fisker Inc.

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Teslarati

NOVEMBER 29, 2023

Car Dealers to President Biden: ‘enthusiasm has stalled’ for EVs Demand for electric vehicles has been a big question in the minds of companies investing in the United States EV supply chain. Recently, US auto dealers wrote to President Biden that enthusiasm for EVs has stalled.

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