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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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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. As for dealers, there’s some amount of disagreement as to what’s holding EVs back. That issue was exacerbated by provisions (e.g.&

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Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

Baua Electric

California-based EV startup Fisker signed a new dealer in Miami and several in Europe as it fights to turn things around. After announcing massive price cuts on its Ocean electric SUV last month, Fisker looks to grow its dealer network. The 2023 Ocean Extreme price was cut from $61,499 to just $37,499.

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Penske Automotive Buys Largest Ford Dealer Network By Sales

The Truth About Cars

Penske had previously bought Don Allen Auto Service Inc. While best known for its commercial trucking services, Penske has been ramping up dealer acquisitions, buying out trucking rivals and trying to expand its already sizable footprint in both Europe and Australia. in Massachusetts. While net income declined, annual revenue has not.

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2025 Volvo EX90 price hiked $3,300, still missing features

Baua Electric

The 2025 Volvo EX90 now costs $81,290 The updated pricing includes a $3,300 price increase due to material costs The 2025 Volvo EX90 is in production in South Carolina The 2025 Volvo EX90 has gotten $3,300 more expensive ahead of the planned start of U.S. When it announced pricing last November, Volvo said the U.S.-made

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Tiny Eli Zero urban EV priced at $11,990, goes up to 90 miles—slowly

Baua Electric

reservations for its Eli Zero, a tiny urban EV with a starting price of $11,900. Launched with help from crowdfunding, the Zero was first shown in 2017 and began shipping to European dealers in 2021. It’s taking $200 refundable deposits to secure a build slot; sales for 2024 will be limited to these reservation-holders.

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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

SAIC is currently evaluating whether to build a factory in Europe. As well as finding ways to reach new customers, MG needs to focus on building out a car servicing network to strengthen loyalty, the MG spokesperson said. SAIC is currently evaluating whether to build a factory in Europe.

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