article thumbnail

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.

Price 210
article thumbnail

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

Green Car Congress

The average transaction price (ATP) of a new vehicle in the US declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December’s record high and up 5.9% ($2,768) from levels one year earlier. The average price paid for a new EV decreased in January by $3,363 (down 5.4%) compared to December. year over year.

Price 199
article thumbnail

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%.

Price 210
article thumbnail

The BMW i4 eDrive35 is now available to order in the UK

Electric Cars Report

BMW UK has announced that the order books have opened for the BMW i4 eDrive35, making it the latest model to join the fully-electric BMW family. The BMW i4 eDrive35 is priced from £49,995 (OTR) and is available to order now in the UK, with expected delivery starting in summer 2023.

BMW 104
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

The BMW i7 is dominating its ICE counterpart

Teslarati

The BMW i7, BMW’s newest EV offering, dominates its gas counterpart alongside other BMW Group luxury EVs. BMW is defined by its luxury offerings. Its headlining brand, BMW, has dominated the global premium car market for years , and with its newest EV offerings, it looks like it is doing the same.

BMW 116
article thumbnail

BMW providing 10 pre-owned i3 EVs to UC Davis for 18 months

Green Car Congress

BMW is providing the Institute of Transportation Studies at UC Davis with ten battery-electric, BMW i3 models for 18 months. Dahlia Garas, program director of the Plug-In Hybrid & Electric Vehicle Research Center, with a BMW i3. —Simon Euringer, vice president of the BMW Group Technology Office USA.

Davis 291