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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. November prices rose 0.9% ($422) month over month from October 2022 and were up 4.4% ($2,250) from year-earlier levels. in October.

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Used car mkt sees price surge, SUV demand – ET Auto

Baua Electric

With new car prices soaring over the last few years, the value of used cars has also gone up. In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 lakh, a Baleno is priced between 4.7

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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

The average transaction price (ATP) of a new vehicle in the US hit a record high in December at $49,507—an increase of 1.9% ($927) from November and up 4.9% ($2,297) from year-earlier levels. However, the average price paid for a new EV decreased in December by $3,594 (down 5.5%) compared to November and ended the year lower by 0.6%.

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Which EV manufacturers performed the best in 2024 so far?

Baua Electric

The BEV builder is facing fierce pricing competition in China, while its refreshed Model 3 suffers rollout delays. Audi and Cupra were responsible for the OEM’s growth, while its other brands recorded declines. This large sedan comes with a starting price as low as ¥89,000 ($12,400). The Cupra brand is not sold in China.

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Ride-hailing startup BluSmart to raise INR 200 crore in new funding – ET Auto

Baua Electric

The Gurgaon-based company has issued more than 1 million pre-series B preference shares at an issue price of INR 1,830 each, according to regulatory filings made by the firm with the Registrar of Companies. The latest funding was first reported by news portal Inc42. The firm plans to expand into Abu Dhabi later this year.

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Volkswagen to rebrand used car biz, plans future investments – ET Auto

Baua Electric

Earlier, the price point for a new car buyer was 2X of what it was for a used car buyer. While it is satisfied with a presence in the fast growing SUV segment, it believes that Tiguan has done well, but it can definitely do better. Some work needs to be done on the SUV segment. That’s what we are working on.”

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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

Electric Vehicle PR Is Driving Up the Stock Price. These announcements and PR efforts are fundamentally about GM’s long-term future but they have clearly paid off in the short term as GM’s stock price has increased 55.3% in the last 12 months and 223.9% since the 2020 low on March 18 (as of February 5).

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